StockWatch
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Aerospace & Defense
Board Meeting3 Aug 2026, 06:31 pm

Unimech Aerospace Approves ₹750 Cr QIP for Capital Raise

AI Summary

Unimech Aerospace and Manufacturing Ltd announced that its Board of Directors, in a meeting held on August 03, 2026, has approved the issuance of Equity Shares and/or other eligible securities via Qualified Institutions Placement (QIP). The company plans to raise capital up to an aggregate consideration not exceeding ₹750 crore (Rupees Seven Hundred and Fifty Crore Only). This move is subject to shareholder approval at the upcoming Annual General Meeting. The issuance will be in accordance with SEBI ICDR Regulations and other applicable laws, potentially in one or more tranches.

Key Highlights

  • Board approved Qualified Institutions Placement (QIP).
  • Aims to raise up to ₹750 crore.
  • Issuance of equity shares and/or convertible securities.
  • Subject to shareholder approval at AGM.
  • To be executed in one or more tranches.