Unitech adopts FY26 financials, reappoints GSA & Associates as auditors
- Unitech Limited held its 55th AGM virtually on September 24, 2026
- Members adopted audited standalone and consolidated financial statements for FY26
- GSA & Associates LLP reappointed as statutory auditors for a second five-year term at ₹1.25 crore per annum
- Cost auditor remuneration for FY27 ratified at ₹2.5 lakh per annum plus GST
- 116 members participated in the meeting through video conferencing
*this image is generated using AI for illustrative purposes only.
Unitech Limited held its 55th Annual General Meeting (AGM) on September 24, 2026, via Video Conferencing. The meeting focused on the adoption of audited financial statements for the fiscal year ended March 31, 2026, and the ratification of key appointments.
The Chairman & Managing Director, Giridhar Aramane, addressed members regarding the implementation of the Hon'ble Supreme Court's mandate and other initiatives undertaken by the management in the public interest. He noted that the Statutory Auditors had made certain observations in their report, to which the Management provided responses in the Board's Report.
Key resolutions passed
Members approved the following ordinary resolutions during the proceedings:
| Item | Description | Resolution Type |
|---|---|---|
| 1 | Adoption of Audited Standalone and Consolidated Financial Statements for FY26, along with Board and Auditor reports | Ordinary |
| 2 | Appointment of M/s GSA & Associates LLP as Statutory Auditors for a second consecutive term of five years (from 55th to 60th AGM) at ₹1.25 crore per annum plus GST | Ordinary |
| 3 | Ratification of remuneration for Cost Auditors M/s Pant S. & Associates for FY27 at ₹2.5 lakh per annum plus GST | Ordinary |
Attendance and governance
The meeting was attended by 116 members through the virtual platform. The following directors were present via video conference:
- Giridhar Aramane, Chairman & Managing Director
- Girish Kumar Ahuja, Director (Chairman, Audit & Risk Management Committee)
- Jitendra Mohandas Virwani, Director
- Prabhakar Singh, Director
- Ramsekharch Manchalapati, Director (Chairman, Stakeholders' Relationship Committee)
Statutory Auditor representative Ms. Anshu Gupta attended in person, while partner Sh. Sunil Agarwal joined virtually. Other professionals present included Cost Auditor Sh. Santosh Pant, Secretarial Auditor Ms. Kiran Amarpuri, and Scrutinizer Sh. Praveen Dua.
The e-voting results and the Consolidated Scrutinizer's Report are scheduled to be submitted to stock exchanges and placed on the company website within two working days of the meeting's conclusion.
Historical Stock Returns for Unitech Group
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.88% | -9.19% | +0.50% | +2.53% | -43.28% | +131.43% |
How will the implementation of the Supreme Court's mandate specifically impact Unitech's project delivery timelines and cash flow projections for FY27?
What specific observations did the Statutory Auditors raise in their report, and how might they influence future regulatory scrutiny or investor confidence?
Does the appointment of GSA & Associates LLP for a second consecutive term signal a strategic shift in Unitech's financial reporting governance or audit strategy?
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