Unitech Limited Reports Rs 805.67 Crore Loss for Q2 FY26 Amid Ongoing Supreme Court Proceedings

Unitech Limited reported a net loss of Rs 805.67 crore for the quarter ended September 30, 2025, compared to Rs 468.59 crore loss in the same period last year. Revenue from operations increased to Rs 138.08 crore from Rs 19.08 crore year-on-year. The company operates under a government-appointed board following Supreme Court directions from January 2020. The Resolution Framework for the Unitech group remains pending approval from the Supreme Court. The company faces significant challenges including Rs 10,530.22 crore in outstanding loans from banks and financial institutions, unpaid public deposits of Rs 529.13 crore, and material uncertainty regarding its ability to continue as a going concern. Auditors have issued a disclaimer of conclusion citing multiple legacy issues inherited from previous management, including insufficient evidence for asset valuations and pending reconciliations across various financial items.

Unitech Limited Board Approves Auditor Appointments and Reviews Quarterly Financial Results

Unitech Limited's Board of Directors held a meeting on August 13, 2025, approving the appointment of M/s Pant S. & Associates as Cost Auditors for FY 2025-26 and CS Kiran Amarpuri as Secretarial Auditor for five consecutive years from FY 2025-26 to FY 2029-30, subject to shareholder approval. The board also reviewed unaudited financial results for the quarter ended June 30, 2025. The company reported standalone revenue from operations of Rs. 5,246.59 lakhs and consolidated revenue of Rs. 10,500.26 lakhs for the quarter. The company recorded a standalone net loss of Rs. 40,835.85 lakhs and consolidated net loss of Rs. 73,866.02 lakhs for the quarter. The auditors issued disclaimer opinions on both standalone and consolidated results citing multiple concerns including going concern uncertainties, impairment assessment issues, and legacy problems inherited from previous management. The company continues to operate under Supreme Court supervision with a government-appointed board since January 2020.

Unitech Ltd: Delhi High Court Grants Bail to Founder in Money Laundering Case

The Delhi High Court granted bail to Unitech Ltd.'s founder Ramesh Chandra, 88, in a money laundering case. Chandra was arrested by the Enforcement Directorate in October 2021 and had been on interim bail since 2022 due to medical reasons.

Unitech Sells Wholly-Owned Subsidiary Unitech Power Transmission

Unitech, a real estate company, has announced the sale of its wholly-owned subsidiary, Unitech Power Transmission. This divestment represents a significant corporate action, potentially aimed at restructuring or focusing on core business operations.