Unimech Aerospace Announces Annual Financial Results, Key Acquisitions, and Leadership Appointments
Unimech Aerospace and Manufacturing Limited, formerly Unimech Aerospace and Manufacturing Private Limited, announced significant updates regarding its annual financial results, strategic acquisitions, and corporate governance appointments during its Board Meeting held on May 28, 2026. The company also detailed its robust growth plans, including expansion into green energy and establishing a manufacturing platform in Saudi Arabia.Financial Results and Audit Opinion
The Board of Directors approved the Audited Financial Results (Standalone and Consolidated) for the quarter and year ended March 31, 2026. Statutory Auditors, M/s MSKA & Associates LLP, issued an unmodified opinion on the audited financial results for both the standalone and consolidated entities.The company’s total assets reached 57,857.21 INR lakhs in the standalone accounts for the year ended March 31, 2026, compared to 55,005.31 INR lakhs in the previous year. The consolidated total assets were 92,354.73 INR lakhs on the same dates.
The overall financial structure saw the total equity and liabilities grow to 92,354.73 INR lakhs (Consolidated) compared to 80,977.31 INR lakhs in the prior year.
Consolidated Financial Highlights (INR in lakhs)
| Particulars | As at March 31, 2026 | As at March 31, 2025 |
|---|---|---|
| Total Assets | 92,354.73 | 80,977.31 |
| Total Equity and Liabilities | 92,354.73 | 110,977.31 |
| Total Equity | 73,739.01 | 66,890.72 |
Consolidated Statement of Financial Results (INR in lakhs)
| Particulars | Year Ended 31-Mar-26 | Year Ended 31-Mar-25 |
|---|---|---|
| Total Income | 28,745.97 | 26,769.25 |
| Total Expenses | 20,702.11 | 16,579.72 |
| Profit before Tax | 8,043.53 | 10,189.53 |
| Profit after Tax for the period/year | 6,328.30 | 8,345.65 |
Corporate Governance and Appointments
The Board meeting also formalized several key operational and compliance appointments:- Company Secretary and Compliance Officer: Ms. Rashmi Gupta, who is an Associate Member of the Institute of Company Secretaries of India (Membership No. A25382), was appointed as the Company Secretary and Compliance Officer effective May 28, 2026.
- Internal Auditors: Based on the Audit Committee's recommendation, M/s RSM India was approved for the role of Internal Auditors for the Financial Years 2026-27 and 2027-28.
Strategic Investments and Growth Initiatives
The company announced several strategic moves aimed at expanding its operational footprint and product portfolio:1. Saudi Arabia JV: During the year ended March 31, 2026, Unimech executed a Joint Venture Shareholders' Agreement with Yusuf Bin Ahmed Kanoa Company Limited ("YBA Kanoa"). The JV aims to establish an Advanced Precision Machining and re-manufacturing Facility in Dammam, Saudi Arabia, operating as a standalone manufacturing platform. The entity will be structured with the Company holding a 51% stake and YBA Kanoa holding 49%.
2. Acquisitions: The Group completed the acquisition of Hobel Bellows Private Limited and Hobel Bellows Co. on April 27, 2026. The Company acquired a 100% controlling stake in these specialized manufacturers of metallic bellows and precision-engineered assemblies. The total investment involved in this acquisition was INR 45,000 lakhs, structured through equity, debt, and compulsarily convertible debentures (CCDs).
3. Green Energy Subsidiary: Unflux Renewable Energy Private Limited was incorporated on April 27, 2026. This entity is a wholly-owned subsidiary established to carry out business related to engineering, innovation, manufacturing, and production for green energy, renewable energy, and clean energy Engineering, Procurement, and Commissioning (EPC) projects.
Financial Funding and Corporate Changes
The company's net IPO proceeds, totaling INR 23,091.10 lakhs, net of IPO expenses of INR 1,908.90 lakhs, were utilized across various objectives:| Objectives of the Issue | Amount Proposed (INR lakhs) | Revised Amount (INR lakhs) | Amount Utilized up to March 31, 2026 (INR lakhs) | Amount Remaining Unutilized (INR lakhs) |
|---|---|---|---|---|
| Funding capital expenditure for expansion | 3,636.60 | 2,354.00 | 2,354.00 | - |
| Funding working capital requirements | 2,528.50 | 2,528.50 | 1,346.00 | 1,182.50 |
| Investment in Subsidiary (CAPEX) | 4,389.10 | 3,543.00 | 3,543.00 | - |
| Investment in Subsidiary (Working Capital) | 4,471.50 | 4,471.50 | 2,333.00 | 2,138.50 |
| Merger & Acquisition, Joint Ventures | - | 6,128.70 | - | 6,128.70 |
| General corporate purposes | 4,065.40 | 4,065.40 | 4,065.40 | - |
| Net Proceeds | 23,091.10 | 23,091.10 | 13,641.40 | 9,449.70 |
Additionally, the Company confirmed the incorporation of the subsidiary and the change in its registered office to Plot No. 167, SY No. 74/1 and 74/2, Hitech Defence and Aerospace Park Industrial Area, Areblnamangala Village, Jala Hobli, Bangalore.
UNIMECH Stock Price Movement
On Wednesday, Unimech Aerospace and Manufacturing Limited shares rallied, gaining ₹18.70, or 1.93%, to settle at ₹983.5. The stock experienced robust activity, recording a total traded volume of 66,915 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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