Unitech News

Unitech Appoints New Director Per Supreme Court Order

Unitech Limited appointed Ramsekhar Manchikalapati as Director following Ministry of Corporate Affairs order dated 02.03.2026, in compliance with Supreme Court directive dated 25.02.2026.

Unitech CMD Tenure Extended for Six Months

Ministry of Corporate Affairs extends Yudhvir Singh Malik's tenure as Chairman & Managing Director of Unitech Limited for six months from January 21, 2026 to July 20, 2026.

Unitech Extends CEO Ashok Kumar Yadav's Tenure by 1 Year

Unitech Limited's board approved extension of CEO Ashok Kumar Yadav's tenure for one year from February 11, 2026 to February 10, 2027, following nomination committee recommendation.

Unitech Q3FY26 Loss Widens to Rs 679 Crore

Unitech Limited reported a net loss of Rs 679.33 crore for Q3FY26, significantly higher than Rs 419.33 crore in Q3FY25. Revenue declined to Rs 99.41 crore from Rs 130.70 crore year-on-year.

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.