BSECompany Update1d ago · 1 Oct 2026, 06:01 pm
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the press release dated October 1, 2026, titled 'Unimech Aerospace strengthens presence in Saudi Arabia's Oil & Gas market with SAR 15.3 million investment in Saudi JV'.
Unimech Aerospace and Manufacturing Ltd · 544322
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Unimech Aerospace and Manufacturing Ltd has announced an investment of SAR 15.3 million in its Saudi Arabian joint venture, Kanoo-Unimech Advanced Manufacturing Solutions, as part of a total planned equity capital of SAR 60 million. The investment will enable Unimech to hold a 51% stake in the JV and establish a local manufacturing platform in Saudi Arabia to serve the Oil & Gas industry.
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Unimech Aerospace and Manufacturing Ltd - 544322 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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October 01, 2026
National Stock Exchange of India Ltd. BSE Limited
Symbol: UNIMECH Scrip Code: 544322
Sub: Press Release on ‘Unimech Aerospace strengthens presence in Saudi Arabia’s Oil & Gas
market with SAR 15.3 million investment in Saudi JV’
Dear Sirs,
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, please find enclosed the press release dated October 1, 2026, titled ‘Unimech Aerospace
strengthens presence in Saudi Arabia’s Oil & Gas market with SAR 15.3 million investment in Saudi
JV’.
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
Unimech Aerospace strengthens presence in Saudi Arabia’s Oil &
Gas market with SAR 15.3 million investment in Saudi JV
First tranche of SAR 30 million equity capital to be contributed by JV partners; Unimech to hold 51%
stake
Bengaluru, October 01, 2026: Unimech Aerospace and Manufacturing Limited (“Unimech”), a leading
manufacturer of high-precision engineering components and solutions, today announced the infusion
of SAR 15.3 million as its contribution towards the first tranche of equity capital of its Saudi Arabian
joint venture, Kanoo-Unimech Advanced Manufacturing Solutions. The investment is equivalent to
approximately INR 39.36 crore.
The JV partners have planned a total equity capital of SAR 60 million, to be contributed in two tranches
in accordance with their respective shareholding. The first tranche of SAR 30 million comprises a
contribution of SAR 15.3 million by Unimech, representing its 51% share, and SAR 14.7 million by Yusuf
Bin Ahmed Kanoo Company Limited (“YBAK”), representing its 49% share.
Following the completion of the planned equity subscription, Unimech will hold a 51% stake in the JV,
with YBAK holding the remaining 49%. The second tranche of SAR 30 million, comprising SAR 15.3
million from Unimech and SAR 14.7 million from YBAK, is expected to be contributed subsequently in
accordance with the agreed investment schedule.
The JV facility is expected to commence commercial production by late March 2027 or early April
2027. The facility will provide a local manufacturing platform for precision-engineered components
and support Unimech’s participation in the growing industrial and energy ecosystem in Saudi Arabia.
Key Highlights
• SAR 60 million total planned equity capital for the Saudi JV.
• SAR 30 million first tranche of equity capital being contributed by the JV partners.
• SAR 15.3 million contribution by Unimech towards the first tranche.
• SAR 14.7 million contribution by YBAK towards the first tranche.
• Unimech to hold a 51% stake in the JV, with YBAK holding 49%.
• Second tranche of SAR 30 million planned subsequently, comprising SAR 15.3 million from
Unimech and SAR 14.7 million from YBAK.
• Commercial production expected to commence by late March / early April 2027.
• Establishes a local manufacturing platform in Saudi Arabia to serve the Oil & Gas industry.
Strategic Rationale
The investment is aligned with Unimech’s strategy of building a local manufacturing footprint in key
international markets and expanding its presence across high-value industrial sectors.
Saudi Arabia represents an important market for precision engineering and manufacturing,
particularly within the Oil & Gas ecosystem. The JV will enable Unimech to develop local
manufacturing capabilities, work more closely with customers in the region and pursue opportunities
arising from the Kingdom’s ongoing industrial development.
With commercial production targeted for late March / early April 2027, the JV is expected to provide
a scalable platform for Unimech to build its presence in the region and participate in the long-term
growth of the Saudi Arabian Oil & Gas market.
Commenting on the development, Mr. Anil Kumar, Chairman and Managing Director, Unimech
Aerospace and Manufacturing Limited, said:
“The first tranche of equity contribution to our Saudi joint venture marks an important milestone in
establishing Unimech’s manufacturing presence in the Middle East. With a total planned equity capital
of SAR 60 million and Unimech holding a 51% stake in the JV, we are committed to building a
meaningful local manufacturing presence in Saudi Arabia. As the facility progresses towards
commercial production, we see the JV as an important platform to serve customers in the region and
participate in the long-term opportunities emerging from Saudi Arabia’s Oil & Gas and industrial
ecosystem.”
About Unimech Aerospace and Manufacturing Limited
Unimech Aerospace and Manufacturing Limited is a precision engineering company engaged in the
manufacturing of high-precision components, assemblies and engineering solutions for demanding
applications across aerospace, defence, energy and other high-technology industries. The Company
combines advanced manufacturing capabilities, engineering expertise and stringent quality standards
to deliver complex, mission-critical components for global customers.
With a focus on precision, reliability and engineering excellence, Unimech has built capabilities across
the manufacturing value chain, enabling it to address the evolving requirements of customers across
diverse and technically demanding sectors. The Company continues to strengthen its manufacturing
capabilities and global presence, with a focus on creating long-term growth opportunities across high-
value engineering markets.