Unimech Aerospace Reports Fund Utilization Deviation Post IPO

Unimech Aerospace and Manufacturing Ltd has filed a statement detailing deviations in the utilization of funds raised through its Initial Public Offering (IPO). The company raised INR 2500 million on December 31, 2024. A shareholder approval obtained on December 17, 2025, permitted changes to the objects of the issue, leading to variations in fund utilization. The deviations are attributed to business dynamics, vendor compulsions, long-term objectives, inorganic growth strategies including Mergers and Acquisitions (M&A), Greenfield Projects, and Joint Ventures, aimed at enhancing market access, industry diversification, and shareholder value. The report covers the quarter ended June 30, 2026, and has been reviewed by the Audit Committee and the Board of Directors. No comments were provided by the Audit Committee or Auditors.