Unimech aerospace and manufacturing Limited's board of directors has approved a strategic joint venture agreement with Yusuf Bin Ahmed Kanoo Company Limited (YBAK) of Saudi Arabia. The approval was granted during a board meeting held on January 20, 2026, marking a significant expansion move for the aerospace and manufacturing company into the Middle East market.

Joint Venture Details

The partnership will result in the formation of a joint venture company in Saudi Arabia, combining Unimech's aerospace and manufacturing expertise with YBAK's extensive regional presence and business network. The company has indicated that detailed terms and conditions of the joint venture agreement will be disclosed upon execution, in compliance with SEBI regulations.

About Yusuf Bin Ahmed Kanoo Company Limited

YBAK brings substantial credentials to this partnership, with a rich business heritage spanning over 135 years. Founded in the Kingdom of Bahrain in 1890, the company has evolved into one of the Middle East's oldest, most respected, and diversified family-owned business conglomerates.

The YBAK Group operates across multiple business verticals, demonstrating its diversified portfolio:

• Shipping & logistics
• Travel & leisure
• Industrial & energy solutions
• Machinery
• Chemicals
• Oil & gas services
• Power & water
• Real estate

Regional Footprint and Market Presence

YBAK maintains a strong regional footprint across key Gulf markets, with established operations in Saudi Arabia, Bahrain, UAE, Oman, and Qatar. The company's business model is supported by global partnerships with leading international companies, providing a robust foundation for the proposed joint venture.

Strategic Positioning

The partnership aligns with YBAK's established emphasis on long-term partnerships, operational excellence, and ethical business practices. The company has positioned itself as a globally connected enterprise while maintaining its family-led values and commitment to innovation and sustainability.

YBAK's pioneering role in the economic development of the Gulf region, combined with its diversified business portfolio, provides Unimech Aerospace with access to established market channels and regional expertise in the Middle East aerospace and manufacturing sector.

Regulatory Compliance

Unimech Aerospace has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has committed to providing comprehensive details of the joint venture agreement terms upon execution, ensuring full regulatory compliance and transparency for stakeholders.

Unimech Aerospace and Manufacturing Limited announced a significant business development as its wholly owned subsidiary, Innomech Aerospace Toolings Private Limited, has secured a major order worth ₹72.20 crores from Nuclear Power Corporation of India Limited (NPCIL). The company disclosed this information under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Order Details and Specifications

The contract involves supply and delivery of support equipment specifically for Tarapur Atomic Power Station Units 3 & 4. This domestic order represents a substantial addition to the company's order book and demonstrates its capabilities in the nuclear power sector.

Execution Timeline and Delivery Schedule

The order is structured with staggered deliveries extending until December 2028, providing the company with a clear revenue visibility over the next few years. This extended timeline allows for systematic execution and delivery of the support equipment required for the nuclear power station.

Regulatory Compliance and Transparency

The company has confirmed that this order does not involve any related party transactions and has been awarded at arm's length. Additionally, the promoter, promoter group, or group companies have no interest in NPCIL, ensuring complete transparency in the business relationship.

Strategic Significance

This order strengthens Unimech Aerospace's position in the nuclear power sector through its subsidiary Innomech Aerospace Toolings. The contract with NPCIL, a premier nuclear power generation company in India, validates the subsidiary's technical capabilities and manufacturing standards in supplying critical support equipment for nuclear facilities.

The announcement was made through proper regulatory channels, with Company Secretary and Compliance Officer Akash Shetty signing the disclosure documents. This order represents a significant milestone for the company's subsidiary operations and reinforces its commitment to supporting India's nuclear power infrastructure development.