BSECompany Update1d ago · 27 Oct 2026, 10:30 pm
Please find the enclosed Monitoring Agency Report for the quarter ended September 30, 2026, issued by 'Care Ratings Limited', the Monitoring Agency appointed to monitor the utilization of proceeds of the funds raised through Initial Public Offering.
Unimech Aerospace and Manufacturing Ltd · 544322
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Unimech Aerospace and Manufacturing Ltd has received a Monitoring Agency Report for the quarter ended September 30, 2026, from Care Ratings Limited, which has found no deviations from the objects of the issue.
Analysis Scores
Earnings Impact5/10
Growth Catalyst3/10
Governance Concern2/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment6/10
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Unimech Aerospace and Manufacturing Ltd - 544322 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
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October 27, 2026
National Stock Exchange of India Ltd. BSE Limited
Symbol: UNIMECH Scrip Code: 544322
Sub: Monitoring Agency Report for the quarter ended September 30, 2026
Dear Sirs,
Pursuant to Regulation 32(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, (‘SEBI Listing Regulations’), please find the enclosed Monitoring Agency Report for the quarter
ended September 30, 2026, issued by ‘Care Ratings Limited’, the Monitoring Agency appointed to
monitor the utilization of proceeds of the funds raised through Initial Public Offering.
The said report has been duly considered by the Audit Committee and the Board of Directors of the
Company in terms of the aforesaid provisions of SEBI Listing Regulations.
The aforesaid information is also being uploaded on the website of the Company at
https://www.unimechaerospace.com/miscellaneous.
Please take the above information on record.
Yours Faithfully,
For Unimech Aerospace and Manufacturing Limited
Rashmi Gupta
Company Secretary & Compliance Officer
M.No: A25382
Encl: As above
Monitoring Agency Report
No. CARE/BRO/RR/2026-27/1198
The Board of Directors
Unimech Aerospace and Manufacturing Limited
538, 539, 542 & 543,
7th Main of Peenya IV Phase Industrial Area,
Yeshwanthpur Hobli,
Bangalore North Taluk - 560058,
Bangalore, Karnataka, India
October 27, 2026
Dear Sir,
Monitoring Agency Report for the quarter ended September 30, 2026 - in relation to the Initial Public
Offerings (IPO) of equity shares of Unimech Aerospace and Manufacturing Limited (“the Company”)
We write in our capacity of Monitoring Agency for the Fresh Issue of 31,84,713 for the amount aggregating to Rs. 250 crore
of the Company and refer to our duties cast under 41 of the Securities & Exchange Board of India (Issue of Capital &
Disclosure Requirements) Regulations.
In this connection, we are enclosing the Monitoring Agency Report for the quarter ended September 30, 2026, as per
aforesaid SEBI Regulations and Monitoring Agency Agreement dated December 12, 2024.
Request you to kindly take the same on records.
Thanking you,
Yours faithfully,
Karthik Raj
Director
karthik.raj@careedge.in
Report of the Monitoring Agency
Name of the issuer: Unimech Aerospace and Manufacturing Limited
For quarter ended: September 30, 2026
Name of the Monitoring Agency: CARE Ratings Limited
(a) Deviation from the objects: None.
(b) Range of Deviation: Not applicable
Declaration:
We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of
the issue based on the information provided by the Issuer and information obtained from sources believed by it to be
accurate and reliable. The MA does not perform an audit and undertakes no independent verification of any information/
certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which
accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions
expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever.
Nothing mentioned in this report is intended to or should be construed as creating a fiduciary relationship between the MA
and any issuer or between the agency and any user of this report. The MA and its affiliates also do not act as an expert as
defined under Section 2(38) of the Companies Act, 2013.
The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains
and may receive separate compensation for its ratings and certain credit related analyses. We confirm that there is no
conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the
issuer, or while undertaking credit rating or other commercial transactions with the entity.
We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where
applicable. There are certain sections of the report under the title “Comments of the Board of Directors”, that shall be
captured by the Issuer’s Management / Audit Committee of the Board of Directors subsequent to the MA submitting their
report to the issuer and before dissemination of the report through stock exchanges. These sections have not been reviewed
by the MA, and the MA takes no responsibility for such comments of the issuer’s Management/Board.
Signature:
Name and designation of the Authorized Signatory: Karthik Raj
Designation of Authorized person/Signing Authority: Director
1) Issuer Details:
Name of the issuer : Unimech Aerospace and Manufacturing Limited
Name of the promoter : Mr. Rajanikanth Balaraman, Mr. Mani Puttan, Mr. Ramakrishna Kamojhala, Mr. Puttan Anil Kumar, Mr. Venkatesh Shimoga Preetham.
Industry/sector to which it belongs : Aerospace and Defense
2) Issue Details
Issue Period : December 23, 2024, to December 26, 2024
Type of issue (public/rights) : Public Fresh Issue
Type of specified securities : Equity Shares
IPO Grading, if any : Not Applicable
Issue size (in crore) : Rs. 250 crore
3) Details of the arrangement made to ensure the monitoring of issue proceeds:
Source of information /
certifications considered by Comments of the Comments of the
Particulars Reply
Monitoring Agency for preparation Monitoring Agency Board of Directors
of report
A new object for utilization of IPO proceeds has been
introduced on November 17, 2025, covering Mergers &
Acquisitions (M&A), Greenfield Projects, and Joint Ventures.
Shareholders’ approval for this amendment was obtained
Chartered Accountant certificate*,
through a postal ballot dated December 19, 2025.
Management certificate, Bank statements,
sample invoices
Whether all utilization is as per the disclosures in the Postal ballot notice dated November 17, The company has utilized Rs. 0.58 crore of the unutilized
No No comments
Offer Document? 2025, proceeds initially allocated towards issue expenses for
Postal ballot outcome dated December 19, general corporate purposes. For this, board approval has
2025 been granted dated August 03, 2026.
Board Resolution dated August 03, 2026
All the funds utilized in Q2FY27 are as per disclosure in the
offer document, postal ballot outcome dated December 19,
2025, and board resolution dated August 03, 2026.
Chartered Accountant certificate* An amount of ₹61.287 crore, originally earmarked for
Whether shareholder approval has been obtained in
Management Certificate expansion through purchase of machineries and equipment
case of material deviations# from expenditures Yes No comments
Postal ballot notice dated November 17, by the Company, investment in a material subsidiary for
disclosed in the Offer Document?
2025, similar capital expenditure, and repayment/prepayment of
Source of information /
certifications considered by Comments of the Comments of the
Particulars Reply
Monitoring Agency for preparation Monitoring Agency Board of Directors
of report
Postal ballot outcome dated December 19, certain borrowings, has been reallocated to a newly
2025 introduced object covering Mergers & Acquisitions (M&A),
Greenfield Projects, and Joint Ventures, pursuant to
shareholders’ approval via postal ballot dated December 19,
2025.
Chartered Accountant certificate*
Whether the means of finance for the disclosed objects Management Certificate, Postal ballot
Applica Nil No comments
of the issue have changed? notice dated November 17, 2025, Postal
ballot outcome dated December 19, 2025
Is there any major deviation observed over the earlier Monitoring agency report dated August
No Nil No comments
monitoring agency reports? 03, 2026.
Chartered Accountant certificate*
Management Certificate As mentioned in the prospectus, all approvals are in place
Final Prospectus for the purpose of undertaking business activities and
Whether all Government/statutory approvals related to
Not Postal ballot notice dated N
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