Unimech Aerospace and Manufacturing Limited has notified stock exchanges regarding the conversion of its statutory auditor's firm structure under SEBI Listing Regulations. The company received formal intimation from its auditors about this organizational change on January 23, 2026.

Auditor Firm Conversion Details

The statutory auditors M S K A & Associates, Chartered Accountants, have converted their firm into a Limited Liability Partnership (LLP) under the provisions of the Limited Liability Partnership Act, 2008. The conversion became effective January 13, 2026.

Audit Engagement Continuity

Unimech Aerospace confirmed that this structural conversion does not result in any change to the existing audit engagement. M S K A & Associates LLP will continue to act as the statutory auditors of the company and discharge its responsibilities for the remaining tenure of appointment.

The company has assured stakeholders that all audit functions and responsibilities will remain unchanged despite the organizational restructuring of the auditing firm.

Regulatory Compliance

The intimation was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Akash Shetty signed the formal communication to both BSE Limited and National Stock Exchange of India Limited on January 27, 2026.

The company has made this information accessible on its website at www.unimechaerospace.com and provided a copy of the intimation letter from the auditors for reference to the stock exchanges.

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.