Unitech International Faces Compliance Hurdles Amid Insolvency Process

Unitech International Limited , a company currently undergoing Corporate Insolvency Resolution Process (CIRP), has reported significant challenges in meeting its regulatory obligations. The company's inability to file quarterly results stems from complications arising from its ongoing insolvency proceedings.

Insolvency Proceedings and Management Changes

The National Company Law Tribunal (NCLT), Mumbai Bench-II, issued an order on June 26, initiating the CIRP for Unitech International Limited. As a result, Mr. Mayur Rajendrakumar Popat has been appointed as the Interim Resolution Professional (IRP) and is now overseeing the company's operations.

Compliance Challenges

The company is facing difficulties in complying with quarterly filings required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This non-compliance is attributed to the non-availability of crucial information from the Registrar and Transfer Agent (RTA).

Root Cause of Information Unavailability

The RTA has reported an inability to provide necessary data due to non-payment of fees to depositories NSDL and CDSL. This financial constraint has created a domino effect, impacting the company's ability to meet its regulatory obligations.

Efforts to Resolve the Situation

On September 8, Mr. Popat, in his capacity as the Resolution Professional, sent an intimation mail to relevant parties. This communication aimed to:

Invite submission of claims
Request provision of requisite documents for completing quarterly filings

Appeal to BSE India

Given the extraordinary circumstances surrounding the insolvency process, the Resolution Professional has appealed to BSE India. The request is for the stock exchange to consider potential delays in compliance, taking into account the ongoing CIRP and the associated challenges.

Implications for Investors and Stakeholders

This situation highlights the complexities that can arise during insolvency proceedings, particularly in terms of maintaining regulatory compliance. Investors and stakeholders of Unitech International Limited should be aware of these developments and the potential impact on the company's reporting and transparency in the near term.

The company's ability to resolve these issues and meet its regulatory obligations will likely depend on the progress of the insolvency resolution process and the decisions made by the appointed Resolution Professional.

Unitech International Limited continues to navigate through this challenging period under the guidance of the CIRP framework.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.72%	+2.54%	-3.35%	-15.66%	-19.20%	-1.46%

Unitech International Limited , currently undergoing Corporate Insolvency Resolution Process (CIRP), has conducted its 4th Committee of Creditors meeting on December 15, 2025, via video conferencing. The company disclosed this information under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Details and Current Status

The following table summarizes the key meeting information:

Parameter:	Details
Meeting Date:	December 15, 2025
Meeting Time:	03:00 P.M.
Meeting Mode:	Video Conferencing
Meeting Number:	4th Committee of Creditors Meeting
BSE Scrip Code:	531867

Resolution Professional Details

The company is now under the management of Mr. Nitin Narang as Resolution Professional, replacing the earlier Interim Resolution Professional Mayur Rajendrakumar Popat. The current Resolution Professional operates from New Delhi and holds IBBI Registration Number IBBI/IPA-002/IP-N00828/2019-2020/12629, with AFA validity until June 30, 2026.

CIRP Background and Timeline

The company's CIRP originally commenced on June 26, 2025, with the 180-day resolution timeline initially extending until December 24, 2025. The Committee of Creditors consists primarily of secured financial creditors, with Bank of Maharashtra being the main creditor holding claims of INR 35.00 crore.

Regulatory Compliance

The company has fulfilled its disclosure obligations under SEBI regulations by informing the stock exchanges about this material development. The meeting was conducted in accordance with the Corporate Insolvency Resolution Process requirements and represents continued progress in the resolution proceedings.

As Unitech International progresses through the insolvency resolution process, stakeholders continue to monitor developments closely, with the Resolution Professional working to ensure the company's continued operations during this critical phase.