Unimech Aerospace Approves Saudi Arabia Joint Venture With YBAK 

Mumbai, 20 January 2026: Unimech Aerospace and Manufacturing Limited has informed Indian stock exchanges that its Board of Directors has approved a proposal to enter into a joint venture agreement with Yusuf Bin Ahmed Kanoo Company Limited (YBAK) of the Kingdom of Saudi Arabia. The decision was taken at the Board meeting held on 20 January 2026 and disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. 

Board Clears Joint Venture To Set Up Saudi Entity 

The approval enables Unimech Aerospace to proceed with the formation of a joint venture company in Saudi Arabia, in partnership with YBAK. The company stated that the joint venture agreement will be executed with Yusuf Bin Ahmed Kanoo Company Limited, following which additional disclosures on key terms will be shared as required under Regulation 30 and relevant circulars issued by the Securities and Exchange Board of India (SEBI). 

Unimech Aerospace and Manufacturing Limited operates in the aerospace and manufacturing segment, focusing on precision-engineered components and solutions. The company is listed on Indian stock exchanges and complies with regulatory disclosure norms prescribed under the SEBI Listing Regulations. 

Saudi Partner YBAK Brings 135-Year Regional Legacy 

Yusuf Bin Ahmed Kanoo Company Limited traces its origins to 1890 and is among the oldest and most diversified family-owned business groups in the Middle East. With a history spanning over 135 years, the group has played a significant role in the economic development of the Gulf region and operates across multiple countries including Saudi Arabia, Bahrain, the UAE, Oman and Qatar. 

Operations Span Shipping, Energy, Oil & Gas 

YBAK’s business interests cover sectors such as shipping and logistics, travel and leisure, industrial and energy solutions, machinery, chemicals, oil and gas services, power and water, and real estate. The group is known for long-term partnerships, operational focus and ethical business practices, supported by collaborations with international companies across global markets. 

Unimech Aerospace and Manufacturing Ltd share price Decline 0.92% 

On the NSE, Unimech Aerospace and Manufacturing Ltd share price was trading at ₹895.65 as of 12:56 pm IST , down ₹8.30, or 0.92%, for the day. The stock opened at ₹903.95, touched an intraday high of ₹912.70, and slipped to a low of ₹888.00. The company commands a market capitalisation of ₹4.55 crore and trades at a P/E ratio of 56.20. Its 52-week high stands at ₹1,397.00, while the 52-week low is ₹850.00. 

References 

• https://www.bseindia.com/xml-data/corpfiling/AttachLive/8bc49bf7-6823-47cb-b7e3-076dd831c05d.pdf 
• https://www.bseindia.com/stock-share-price/unimech-aerospace-and-manufacturing-ltd/unimech/544322/corp-announcements/ 
• https://www.nseindia.com/get-quote/equity/UNIMECH/Unimech-Aerospace-and-Manufacturing-Limited 

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