Unimech Aerospace and Manufacturing Limited — Others, 24-07-2025: Monitoring Agency Report

Unimech Aerospace has received its IPO proceeds monitoring report for the recent quarter. A key finding is that some IPO funds intended for working capital were temporarily invested in liquid mutual funds, deviating from the Red Herring Prospectus requirement to hold funds in scheduled commercial banks. Management states this was done for optimal interim use, pending deployment for stated IPO objectives. Out of Rs. 250 Cr raised, Rs. 129.35 Cr has been utilized. Significant unutilized funds of Rs. 120.65 Cr remain, with delays in loan repayment and re-ordering of machinery impacting progress. The company is actively addressing these issues.