Unimech Aerospace and Manufacturing Limited has reported deviations in the utilization of funds raised through its Initial Public Offering (IPO) for the quarter ended June 30, 2026. The company obtained shareholder approval on December 17, 2025, for changes in the objects of the issue, leading to modified fund utilization plans. A detailed statement outlining these variations is provided for review.
Unimech Aerospace Reports Fund Utilization Variations
Unimech Aerospace and Manufacturing Limited has issued a statement detailing deviations or variations in the utilization of funds raised through its Initial Public Offering (IPO). This report covers the quarter ending June 30, 2026, as mandated by Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Shareholder Approval for Modified Objects
The company previously secured shareholder approval via postal ballot on December 17, 2025, to alter the objects for which the funds were originally raised. This shareholder consent has resulted in changes to how the IPO proceeds are being utilized, prompting the need for this disclosure.
Statement of Deviations Provided
The accompanying statement provides a comprehensive breakdown of the original objects of the issue, the modified objects, and the variance in funds utilized as of June 30, 2026. Notably, several categories show significant deviations:
- Funding of capital expenditure for expansion by the Company: Original allocation was ₹36.37 crore, modified to ₹23.54 crore, with ₹23.54 crore utilized, resulting in a deviation of (₹12.83) crore.
- Investment in Material Subsidiary for capital expenditure: Original allocation was ₹43.89 crore, modified to ₹35.43 crore, with ₹35.43 crore utilized, showing a deviation of (₹8.46) crore.
- Repayment/prepayment of certain borrowings: This category saw its original allocation of ₹40.00 crore fully utilized, resulting in a deviation of (₹40.00) crore, reflecting full repayment or prepayment.
Other categories such as funding working capital requirements, general corporate purposes, M&A, Joint Ventures, and Green Field Projects, and issue expenses also have associated figures for original and modified allocations, funds utilized, and any resulting deviation for the quarter.
The company has provided an explanation that deviations can arise from changes in the objects or purposes for which funds were raised, changes in the amount of funds utilized compared to the original disclosure, or modifications in the terms of contracts related to the fundraising.
Source: BSE
