NSEGeneral Updates1d ago · 1 Oct 2026, 05:55 pm
General Updates
Unimech Aerospace and Manufacturing Limited · UNIMECH
✦ AI SummaryJoint Venture
Unimech Aerospace and Manufacturing Limited has informed the Exchange about investment in Kanoo Unimech Advanced Manufacturing Solutions (Joint Venture Company). The company has successfully completed its first tranche of capital infusion in the Joint Venture Company, with Unimech holding a controlling 51% stake.
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Full Announcement
Unimech Aerospace and Manufacturing Limited has informed the Exchange about investment in Kanoo Unimech Advanced Manufacturing Solutions (Joint Venture Company)
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UNIMECH_01102026175545_Investment_in_Kanoo_01102026.pdf
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October 01, 2026
National Stock Exchange of India Ltd. BSE Limited
Symbol: UNIMECH Scrip Code: 544322
Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 – Investment in Kanoo Unimech Advanced
Manufacturing Solutions (Joint Venture Company)
In continuation to our intimation dated 20th January, 2026, regarding the execution of the Joint
Venture Agreement between Unimech Aerospace and Manufacturing Limited
(‘Company’/‘Unimech’) and Yusuf Bin Ahmed Kanoo Company Limited (‘Kanoo’), we wish to inform
you that the Company has successfully completed its first tranche of capital infusion in the Joint
Venture Company (‘JVC’), Kanoo Unimech Advanced Manufacturing Solutions. Pursuant to the Joint
Venture Agreement, Unimech has infused capital aggregating to SAR 15.30 million (approximately
Rs. 39,35,54,250/-, representing its 51% share of the first funding tranche of SAR 30 million, with
Kanoo contributing the remaining 49% share of SAR 14.70 million.
Following the completion of this initial equity subscription, Unimech holds a controlling 51% stake
in the JVC, with Kanoo holding 49%. The second tranche of funding, totalling SAR 30 million and
comprising proportionate contributions of SAR 15.30 million from Unimech and SAR 14.70 million
from Kanoo, will be infused subsequently in accordance with the agreed investment schedule.
The disclosure as required under Schedule III of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, read with Regulation 30 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 and the SEBI Master Circular No.
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, as amended from time to
time, is attached herewith and marked as Annexure A to this letter.
The details of occurrence of event/information are as follows:
1. Date of occurrence of the Event / Information: October 01, 2026
2. Time of occurrence of the Event/ Information: 05:33 P.M.
The above document is also being made available on the Company's website at
https://www.unimechaerospace.com/.
Kindly acknowledge and take the same on records.
Yours Faithfully,
For Unimech Aerospace and Manufacturing Limited
Rashmi Gupta
Company Secretary & Compliance Officer
M. No.: A25382
Encl: As above
ANNEXURE A
The details as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Master
Circular, are as under:
Sl. No. Particulars Details
a. Name of the target entity, details in brief Name: Kanoo Unimech Advanced
such as size, turnover etc Manufacturing Solutions (‘JVC’)
Authorized Share Capital : SAR 60,000,000
Size / Turnover : NIL, business yet to
commence
b. Whether the acquisition would fall within No
related party transaction(s) and whether
the promoter/ promoter group/ group
companies have any interest in the entity
being acquired? If yes, nature of interest
and details thereof and whether the same
is done at “arm’s length”
c. Industry to which the entity being acquired Oil & Gas
belongs
d. Objects and impact of acquisition Object: To provide capital for business
(including but not limited to, disclosure of operations
reasons for acquisition of target entity, if its
Impact: The JVC following infusion will
business is outside the main line of
become a subsidiary of Unimech Aerospace
business of the listed entity)
and Manufacturing Limited
e. Brief details of any governmental or Not Applicable
regulatory approvals required for the
acquisition
f. Indicative time period for completion of The acquisition is indicatively expected to
the acquisition be completed post the conclusion of the
second funding tranche. The Company will
promptly intimate the Stock Exchanges
upon the final completion of the
transaction.
g. Consideration - whether cash Cash
consideration or share swap or any other
form and details of the same
h. Cost of acquisition and/or the price at SAR 15,300,000 (153,000 shares having
which the shares are acquired face value of SAR 100/-)
i. Percentage of shareholding / control 51% of Equity Capital Acquired (153,000
acquired and / or number of shares shares having face value of SAR 100/-)
acquired
j. Brief background about the entity acquired Kanoo Unimech Advanced Manufacturing
in terms of products/line of business Solutions is a Joint Venture Company
acquired, date of incorporation, history of between Unimech and Kanoo group with
last 3 years turnover, country in which the objective of establishing a greenfield
acquired entity has presence and any other advanced machining & remanufacturing
significant information (in brief) facility at, Dammam, Saudi Arabia. The
target markets are upstream oil & gas,
utilities, defense and mining, addressing
growing localization demand for precision
engineering services.
Date of Incorporation: 18th December, 2025
Last three years turnover: Not applicable