Unimech Aerospace discloses deviation in IPO fund utilization, with ₹2500 million raised in December 2024.
Shareholders approved change in fund objects on December 17, 2025, redirecting funds to M&A and greenfield projects.
Actual utilization shows significant shifts from original plans, with ₹61.29 crore now allocated to M&A and joint ventures.
The deviation is attributed to business dynamics, vendor variations, and growth through inorganic routes to enhance shareholder value.