Unimech Aerospace and Manufacturing Limited has submitted its Monitoring Agency Report for the quarter ended June 30, 2026. The report, issued by Care Ratings Limited, confirms that the utilization of funds raised through the Initial Public Offering (IPO) aligns with the disclosed objects. Key expenditures include working capital requirements and the acquisition of Hobel Bellows Private Limited.
Monitoring Agency Report Filed for Q2 2026
Unimech Aerospace and Manufacturing Limited has released its Monitoring Agency Report for the financial quarter ending June 30, 2026. This report is a regulatory requirement for monitoring the utilization of proceeds from the company’s Initial Public Offering (IPO).
Fund Utilization Details
The report, prepared by the appointed Monitoring Agency, Care Ratings Limited, indicates that the company’s deployment of IPO funds has been consistent with the objects outlined in the Offer Document and subsequent shareholder approvals. During the quarter, funds were primarily utilized for the company’s working capital requirements and for the acquisition of Hobel Bellows Private Limited, a significant strategic move for the company.
Object Alignment
Specifically, the report details the utilization across various objects. For instance, the funding of capital expenditure for expansion through purchase of machineries and equipment, initially proposed at ₹36.37 crore, has been revised to ₹23.54 crore and has been fully utilized. Similarly, working capital requirements have seen substantial deployment. The acquisition of Hobel Bellows Private Limited, under the M&A, Joint Ventures and Green Field Projects category, involved the utilization of ₹61.29 crore during the quarter.
No Material Deviations
The Monitoring Agency has confirmed that there have been no material deviations from the objects disclosed in the Offer Document. Shareholder approvals were duly obtained for any reallocations of funds, such as the reclassification of certain funds towards M&A and Greenfield Projects. The report also notes that the total unutilized amount across all monitored objects stands at ₹2.20 crore as of the quarter-end, primarily held in fixed deposits and a public issue account.
Source: BSE
