StockWatch
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Aerospace & Defense
Board Meeting27 Oct 2026, 10:20 pm

Unimech Aerospace Board Approves Financial Results & Acquisition

AI Summary

Unimech Aerospace and Manufacturing Ltd's Board of Directors met on October 27, 2026, approving the Un-audited Financial Results for the quarter and half-year ended September 30, 2026. The company also approved the acquisition of 60,80,000 Equity Shares of Hobel Bellows Private Limited from its wholly-owned subsidiary, Innomech Aerospace Toolings Private Limited. This acquisition will make Hobel Bellows a wholly-owned subsidiary of Unimech Aerospace, streamlining the group's holding structure. Additionally, the board approved the promotion of Mr. Prathap B. Naidu from Assistant General Manager to General Manager, effective November 1, 2026, with a subsequent transfer to Innomech Aerospace Toolings Private Limited as part of internal restructuring.

Key Highlights

  • Board approved Un-audited Financial Results for Q2 FY27.
  • Approved acquisition of Hobel Bellows Private Limited.
  • Hobel Bellows to become wholly-owned subsidiary post-acquisition.
  • Senior management promotion and internal group restructuring approved.