Date: October 01, 2026
Investment / Strategic Actions
Unimech Aerospace and Manufacturing Limited has completed the first tranche of capital infusion in the joint venture company, Kanoo Unimech Advanced Manufacturing Solutions ('JVC').
Investment Details:
- First tranche total funding: SAR 30 million
- Unimech contribution: SAR 15.30 million (approximately ₹39,35,54,250)
- Kanoo contribution: SAR 14.70 million
- Unimech now holds 51% stake in JVC, Kanoo holds 49%
- Share acquisition: 153,000 shares with face value of SAR 100 each
Future Funding:
- Second tranche of SAR 30 million planned
- Unimech to contribute SAR 15.30 million, Kanoo SAR 14.70 million
- Investment will be made according to agreed schedule
Joint Venture Background:
- JVC name: Kanoo Unimech Advanced Manufacturing Solutions
- Date of incorporation: 18th December, 2025
- Authorized share capital: SAR 60,000,000
- Industry: Oil & Gas
- Business focus: Precision engineering services for upstream oil & gas, utilities, defense and mining markets
- Objective: Addressing growing localization demand for precision engineering services
- Current status: Business yet to commence, no turnover history
Regulatory Compliance:
- Disclosure made under Regulation 30 of SEBI Listing Regulations
- Reference to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
- Not a related party transaction
- No governmental or regulatory approvals required
- Cash consideration only
- Transaction conducted at arm's length
Corporate Information:
- Company Secretary & Compliance Officer: Rashmi Gupta (M. No.: A25382)
- Company website: https://www.unimechaerospace.com/
- Company address: Plot no 167, SY no 74/1 and 74/2 Hitech Defense and Aerospace Park Industrial Area, Arebinnamangala Village, Jala Hobli, Bengaluru North Taluk, Bengaluru - 562149