Unimech Aerospace: IPO Fund Use Deviation Approved by Board

Unimech Aerospace and Manufacturing Ltd has reported a deviation in the utilization of its Initial Public Offering (IPO) funds for the quarter ended September 30, 2026. The company raised INR 2500 million on December 31, 2024. The deviation, which was approved by shareholders on December 17, 2025, is attributed to changes in business dynamics, vendor compulsions, long-term objectives, and pursuing growth through inorganic routes like Mergers and Acquisitions, Green field Projects, and Joint Ventures. The Audit Committee and Board of Directors have reviewed and approved the statement of deviation or variation as per SEBI Listing Regulations. The company has also reported variations in the allocation and utilization of funds across various original and modified objects, including funding capital expenditure, working capital, and investments in its material subsidiary, as well as general corporate purposes and issue expenses.