Unimech Aerospace Increases Stake in Dheya Engineering to 35.07%

Unimech Aerospace and Manufacturing Ltd has acquired 850 equity shares of Dheya Engineering Technologies Private Limited for Rs 2.99 crore, raising its total stake to 35.07%. This secondary acquisition marks a deeper integration into the target firm's specialized aerospace and energy technology capabilities.

Reader Takeaway: The investment bolsters Unimech’s presence in defense and energy sectors while deepening ties with a related technology partner.

What just happened

On September 7, 2026, Unimech completed the secondary purchase of 850 shares of Dheya Engineering, valued at approximately Rs 2.99 crore. This brings Unimech’s ownership to 35.07% of the total equity. The management stated that the investment is intended to drive long-term strategic objectives by fostering synergies in technology development and operational collaboration.

Why this matters

Dheya Engineering Technologies serves niche high-growth segments. Their portfolio includes the development of gas turbine engines for UAVs ranging from 20 kgf to 400 kgf, as well as hydrogen-based fuel technology. Notably, they are involved in high-speed anode blower projects for the Indian Navy. By increasing its stake, Unimech gains better access to these specialized R&D capabilities and potential manufacturing expansion paths.

The backstory

Financial growth at Dheya Engineering has been consistent, with turnover rising from Rs 98.94 lakh in FY 2023-24 to Rs 2.06 crore in FY 2025-26. The investment aligns with Unimech's focus on the manufacturing domain, leveraging the existing board presence of Unimech's CMD Mr. Anil Kumar Puttan and Whole Time Director Mr. Rajanikanth Balaraman on the Dheya Engineering board.

Risks to watch

While not classified as a Related Party Transaction under the Companies Act, the overlap in directorships warrants investor monitoring regarding corporate governance and the independence of strategic decisions involving the target company.

What to track next

Investors should look for signs of joint product development output or increased revenue contribution from the partnership between the two entities in subsequent quarterly reports.