UNIMECHUnimech Aerospace and Manufacturing Ltd.

Unimech Aerospace and Manufacturing to buy 76% of Hobel for ₹6 crore

Mergers & acquisitions
aerospace and manufacturing

Blacklitt Research29 October 20262 min read

Black and white view of an airliner turbine. — Photo by Luka Slapnicar on Unsplash (Unsplash License). Illustrative image.

Unimech Aerospace and Manufacturing (NSE: UNIMECH) is proposing to acquire 60,80,000 Equity Shares, or 76% of Hobel Bellows Private Limited (Hobel), for ₹6.08 crore in cash from Innomech Aerospace Toolings Private Limited, a wholly owned subsidiary, it said in a filing on 29 Oct 2026. The transaction is a related-party transaction, and Hobel will become a wholly owned subsidiary on completion.

A target incorporated in January 2026

Hobel Bellows Private Limited was incorporated on 09 Jan 2026. The company manufactures metallic bellows, expansion joints, flexible metallic hoses and assembly solutions, which the company says are primarily used in high-horsepower diesel engines, locomotives, marine engines and power generation units.

A related-party purchase from a wholly owned subsidiary

The seller, Innomech Aerospace Toolings Private Limited, is a wholly owned subsidiary of the company. The company states that the transaction is a related-party transaction, and that the shares will be acquired at arm's length, based on a valuation report.

The price is ₹10 a share, as determined in the Registered Valuation Report, for a total consideration of ₹6.08 crore paid in cash. The shares are 76% of Hobel's equity share capital.

What the company says the deal is for

The company says the transaction is intended to simplify and streamline the Group's holding structure and enhance administrative efficiency. On completion, Hobel will become a wholly owned subsidiary of the company.

The company expects completion within 2 months, subject to applicable formalities.

What the Hobel purchase means for Unimech Aerospace and Manufacturing's shareholders

The cash outlay of ₹6.08 crore compares with a market value of ₹8,440 crore at the 29 Oct 2026 close of ₹1,658.00 a share. Hobel's financial statements have not yet been prepared, so its size and turnover are not available as on date.

At a glance

Item	Detail
Target	Hobel Bellows Private Limited
Incorporated	09 Jan 2026
Shares to be acquired	60,80,000 Equity Shares (76%)
Price per share	₹10
Total consideration	₹6.08 crore, in cash
Seller	Innomech Aerospace Toolings Private Limited, a wholly owned subsidiary
Related-party transaction	Yes
Expected completion	Within 2 months, subject to applicable formalities

Reference: Original filing (PDF)

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