Transaction Details
Date of Occurrence: September 07, 2026
Time of Occurrence: 03:23 PM
Transaction Type: Secondary purchase of equity shares
Number of Shares Acquired: 850 equity shares
Total Consideration: ₹2,99,82,364.50 (Rupees Two Crores Ninety Nine Lakhs Eighty Two Thousand Three Hundred Sixty Four and Fifty Paise only)
Form of Consideration: Cash
Investment Structure
Target Entity: Dheya Engineering Technologies Private Limited
Percentage Acquired: 5.08%
Total Holding Post-Acquisition: 35.07%
Legal Basis: Share Purchase Agreement dated August 07, 2026
Target Company Financials
Paid-up Capital: ₹1.67 Lakhs
Turnover History:
- FY 2025-26: ₹2,06,02,785
- FY 2024-25: ₹1,72,90,388
- FY 2023-24: ₹98,94,086
Date of Incorporation: December 01, 2017
Business Profile of Dheya Engineering
Industry: Aerospace and energy technology sector
Core Business: Developing gas turbine engines for defence and energy applications
Product Range: Military-grade engines with thrust capacities from 20 kgf to 400 kgf
Primary Application: Unmanned Aerial Vehicles (UAVs)
Key Technological Developments:
- Developing hydrogen-based flexible-fuel gas turbine technology
- Successfully completed combustor design for 60 kW turbogenerator in collaboration with IISc Bangalore
- Demonstrated hydrogen-based high-speed anode blower for Indian Navy's submarine program
- Product has received global ATEX certification for operation in hazardous environments
Current Market Engagement: Actively engaging with domestic and international customers for deployment of tested 20 kgf, 40 kgf, and 50 kgf engines
Infrastructure Development: Establishing integrated gas turbine engine testing facility to enhance testing capabilities and production readiness
Regulatory and Governance Aspects
Related Party Status: Dheya Engineering is a "Related Party" of the Company as per Companies Act, 2013 provisions
Transaction Classification: Does not fall under definition of Related Party Transaction
Board Representation:
- Mr. Anil Kumar Puttan, Chairman and Managing Director of Unimech - Director of Dheya Engineering
- Mr. Rajanikanth Balaraman, Whole Time Director of Unimech - Director of Dheya Engineering
Interest Disclosure: Except for the above director positions, none of the Promoters or Members of the Promoters Group or Directors of the Company are interested either financially or otherwise in Dheya Engineering
Strategic Rationale
The acquisition aligns with Unimech's long-term objectives of strengthening its presence in the Manufacturing Domain and leveraging synergies in product development, technology, and market expansion. The investment is expected to enhance collaboration, improve operational resource utilization, and create opportunities for joint innovation, thereby contributing to sustainable growth and shareholder value.
Additional Information
Governmental/Regulatory Approvals Required: Not Applicable (NA)
Time Period for Completion: Transaction completed on September 07, 2026