Unimech Aerospace and Manufacturing shareholders approved all five resolutions at its 10th Annual General Meeting held on August 28, 2026. The final voting results confirm the passage of a Qualified Institution Placement (QIP) and related-party loan facilities.

The meeting, chaired by Chairman and Managing Director Anil Kumar Puttan, commenced at 11:00 am and concluded at 11:21 am via video conferencing. Fifty-nine members were present, satisfying the quorum requirement throughout the proceedings. The Scrutinizer’s Report, filed on August 31, 2026, confirms that all resolutions were passed with the requisite majority under Regulation 44 of the SEBI Listing Regulations.

Voting Participation

Out of 73,379 shareholders on the record date, participation was driven primarily by remote e-voting. A total of 120 folios cast votes remotely, while 38 folios voted during the AGM via video conferencing. No shareholders attended in person or through proxy.

Promoter and promoter group entities held 4,05,91,887 shares and participated fully, casting 100% of their votes in favour for every resolution. Public institutional investors held 28,29,270 shares, with approximately 82.8% of these shares polled. Public non-institutional investors held 74,80,840 shares, with a lower polling rate of roughly 0.15%.

Key Resolutions Passed

Shareholders considered two ordinary and three special resolutions. The board sought approval for capital raising and financial accommodations under specific sections of the Companies Act, 2013.

The adoption of the audited financial statements for the fiscal year ended March 31, 2026, was taken as read. The reports of the Statutory Auditors and Secretarial Auditors contained no qualifications.

Governance and Voting Details

Mr. Mani Puttan (DIN: 08042129), who retired by rotation, offered himself for re-appointment as a director. The shareholders approved his re-appointment through an ordinary resolution. E-voting was facilitated by KFin Technologies Limited, with Mrs. Kalaivani S appointed as Scrutinizer.

No registered speakers joined the meeting to ask questions or express views. The voting facility remained open for 15 minutes post-meeting. Final voting results were declared upon receipt of the Scrutinizer’s Report, in compliance with Regulation 44(3) of the SEBI Listing Regulations.

Unimech Aerospace and Manufacturing Limited reported a robust start to FY27, with consolidated revenue rising 71% year-on-year to approximately INR108 crores for the quarter ended June 30, 2026. Profit after tax (PAT) grew 46% YoY to INR28 crores, driven by steady execution in aerospace tooling and incremental contributions from its recent acquisition, Hobel Bellows. The company also secured a long-term supply agreement worth USD7.5 million with FACC Austria, marking a strategic entry into recurring aerospace component supplies.

The financial performance reflects improved demand visibility and operational efficiency. Consolidated gross margins remained healthy at 65%, while EBITDA margins stood at a robust 36.5%. Other income declined to INR7 crores from INR15 crores in the previous quarter, as treasury surplus was deployed for the Hobel Bellows acquisition. Management highlighted that the quality of earnings has strengthened, with profitability now driven primarily by underlying business operations rather than treasury income.

Strategic Developments

A key milestone during the quarter was the signing of a five-year long-term supply agreement with FACC Austria, a leading aerospace Tier-1 supplier. The agreement carries an initial value of USD7.5 million, with opportunities for scope expansion. This contract signifies Unimech’s transition into multi-year commercial opportunities in precision components. Additionally, the company completed 165 First Article Inspections (FAIs) and initiated engagements with six new prospective customers, expanding its pipeline across aerospace, defense, and semiconductor sectors.

Operational Highlights

Hobel Bellows contributed approximately 21% of total revenue in its first two months post-acquisition. The integration is progressing well, with discussions underway to expand product ranges in power generation and locomotive sectors. Unimech’s consolidated order book stood at approximately INR280 crores as of June 30, 2026, slightly lower than previous levels due to strong execution and customer pull-ins. In the energy sector, cumulative nuclear order wins reached approximately INR87 crores, with execution planned for the second half of FY27.

What the Numbers Show

The shift in revenue composition indicates a successful diversification strategy. While aero tooling still dominates at 76% of revenue, the precision component and assembly businesses are gaining traction. The decline in other income, coupled with stable operating margins, suggests that core operational efficiencies are offsetting the loss of treasury gains. Furthermore, the company’s decision to advance capacity investments earlier than planned signals confidence in converting current qualification programs into serial production orders.

Outlook and Capital Allocation

Management expects Q2FY27 to be stronger, benefiting from a full quarter of Hobel Bellows consolidation and continued tooling demand. Working capital days are expected to rise from 130 days to over 160 days by year-end due to longer production cycles in new aerospace and nuclear programs. The company also approved a board resolution to raise up to INR750 crores via Qualified Institutional Placement (QIP) to meet minimum public shareholding norms and fund future capacity expansions, including its Saudi Arabia joint venture with Yusuf Bin Ahmed Kanoo Group.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE0U3I01011/16814287-a0c3-4d03-af87-5a00462ee389.pdf