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Unimech Aerospace and Manufacturing Limited has announced a monitoring report confirming no deviation in the use of proceeds from its Rs. 250 crore IPO. The funds have been mainly deployed for machinery purchases supporting expansion, working capital, and subsidiary investments. This quarter, around Rs. 78 Cr was utilized, including Rs. 24.75 Cr for company machinery and Rs. 28.40 Cr for subsidiary machinery, with some payments pending on delivery. Unutilized proceeds of Rs. 171.59 Cr are held in fixed deposits earning 3-7.7% interest. This disciplined use of funds underpins the company’s growth and operational efficiency.
All announcements from Unimech Aerospace and Manufacturing Limited