BSECompany Update2h ago · 3 Aug 2026, 07:39 pm
Statement of deviation or variation in utilisation of funds, under Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Unimech Aerospace and Manufacturing Ltd · 544322
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Unimech Aerospace and Manufacturing Ltd has filed a statement of deviation or variation in the utilization of funds raised through its Initial Public Offering (IPO) for the quarter ended June 30, 2026. The company has obtained shareholder approval for a change in the objects of the issue on December 17, 2025, resulting in changes to the utilization of proceeds.
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Unimech Aerospace and Manufacturing Ltd - 544322 - Statement Of Deviation Or Variation In Utilisation Of Funds, Under Regulation 32 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.
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August 03, 2026
National Stock Exchange of India Ltd. BSE Limited
Symbol: UNIMECH Scrip Code: 544322
Sub: Statement of deviation or variation in utilisation of funds, if any, under Regulation
32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015.
Dear Sir/Ma’am,
Pursuant to the provisions of Regulation 32 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (‘SEBI Listing Regulations’), please find the Statement of
deviation or variation report for the quarter ended June 30, 2026, duly considered by the Audit
Committee and the Board of Directors of the Company in terms of the aforesaid provisions of SEBI
Listing Regulations.
Further, this is to inform you that the Company through postal ballot obtained the Shareholders
approval for change in the objects of the issue on December 17, 2025. Hence, there are changes
in the utilization of proceeds of the funds raised through Initial Public offering to that extent. The
Statement to that effect is enclosed herewith for consideration.
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: A/a
Statement of deviation/variation in the use of proceeds of objects of Initial Public Offerings
Sl.no Particulars Details
1 Name of the Listed Unimech Aerospace and Manufacturing Limited
Company
2 Mode of fund raising Public Issue-Initial Public Offering
3 Date of Fund raising December 31, 2024
4 Amount raised INR 2500 millions
5 Report filed for the June 30, 2026
quarter
6 Monitoring Agency Applicable
7 Monitoring Agency Care Ratings Limited
Name
8 Is there a deviation or Yes
variation in the use of
funds raised
9 If yes, whether the Yes
same is pursuant to
change in terms of a
contract or objects,
which was approved
by the shareholders
10 If yes, date of December 17, 2025
shareholder approval
11 Explanation for the In view of business dynamics, compulsions of variations in
Deviation / Variation certain vendors, long-term objectives, growth through
inorganic routes, Mergers and Acquisitions, Green field
Projects, Joint Ventures in order to improve market access,
industry diversification and shareholders value/return.
12 Comments of the Nil
Audit Committee
after review
13 Comments of Nil
Auditors if any
14 Objects for which NA
funds have been
raised and where
there has been a
deviation, in the
following table
Original Objects Modified Original Modified Funds Amount of
Objects, if Allocation Allocation Utilised Deviation/
(In Variation
any (In (In
Crores) for the
Crores) Crores)
quarter
June 30,
2026
1. Funding of capital Mergers & 36.37 23.54 23.54 (12.83)
expenditure for Acquisitions,
expansion through Green field
purchase of Projects and
machineries and Joint
equipment by our Ventures
Company
2. Funding working - 25.29 25.29 25.29 -
capital requirements
of our Company.
3. Investment in our
Material Subsidiary
for:
a) Funding of Mergers & 43.89 35.43 35.43 (8.46)
capital Acquisitions,
expenditure Green field
for expansion Projects and
through Joint
purchase of Ventures
machineries
equipment
b) funding - 44.71 44.71 44.71 -
working
capital
requirements;
c) repayment / Mergers & 40.00 - - (40.00)
prepayment, Acquisitions,
in full or part, Green field
of certain Projects and
borrowings
Joint
Ventures
4. General corporate - 40.65 40.65 40.65 -
purposes
5. M&A, Joint Ventures - - 61.29 61.29 61.29
and Green Field
Projects
19.09
6. Issue expenses - 19.09 16.89 -
*Issue Expenses: 19.09 Cr
Deviation or variation could mean:
(a) Deviation in the objects or purposes for which the funds have been raised or
(b) Deviation in the amount of funds actually utilized as against what was originally disclosed
(c) Change in terms of a contract referred to in the fund raising document i.e. prospectus,
letter of offer, etc
For Unimech Aerospace and Manufacturing Limited
Ramakrishna Kamojhala
Whole-time Director
DIN No.: 07004517