Unimech Aerospace: Deviation in IPO Fund Use

Unimech Aerospace and Manufacturing Ltd reports a deviation in the utilization of funds raised through its Initial Public Offering (IPO) as of March 31, 2026. This deviation is due to changes in the objects of the issue, approved by shareholders on December 17, 2025, via postal ballot. The IPO raised INR 2500 million on December 31, 2024. The company cites business dynamics, vendor variations, long-term objectives, inorganic growth, M&A, greenfield projects, and joint ventures as reasons for the deviation. The audit committee and auditors have provided nil comments on the review.