Unitech International Limited has disclosed the outcomes of its 4th Committee of Creditors (CoC) meeting, revealing significant approvals for professional appointments and operational expenses under the Corporate Insolvency Resolution Process (CIRP). The meeting, held on December 15, 2025, addressed multiple agenda items through e-voting, with results received on January 12, 2026.

Professional Appointments Approved

The Committee of Creditors approved the appointment of registered valuers across three categories to determine the fair and liquidation value of the corporate debtor. The approved appointments include:

Additionally, the CoC approved the appointment of Arvind Mittal, Partner at BPSH & Associates, as Transaction Auditor for ₹2,50,000.00 excluding GST to determine the status of transactions under Chapter-III of IBC, 2016.

Service Provider Appointments

The committee approved several service providers for ongoing CIRP operations:

For security services at the Silvassa unit, Big Cat Security Service Agency was approved with fees of ₹18,500.00 per guard per shift per month and ₹35,000.00 per month for security supervisors.

Resolution Professional Remuneration

The CoC ratified the monthly remuneration of Mr. Nitin Narang, the Resolution Professional, at ₹2,00,000.00 per month plus applicable GST, along with reimbursement of actual expenses. The committee also approved and ratified CIRP expenses incurred by the Resolution Professional amounting to ₹28,120.00.

Regulatory Compliance

All approved professional fees and expenses will constitute insolvency resolution process costs as per Regulation 34 of IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The Resolution Professional has been authorized to execute all necessary acts and documentation related to these appointments and approvals.

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency in the ongoing insolvency resolution process.

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:

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.