Unitech Limited has announced that the Ministry of Corporate Affairs (MCA) has granted a six-month extension to the tenure of its Chairman & Managing Director, Sh. Yudhvir Singh Malik, IAS (Retd.). The extension, effective from January 21, 2026 to July 20, 2026, continues the leadership arrangement that has been in place since 2020.

Appointment History and Previous Extensions

Sh. Yudhvir Singh Malik was initially appointed by the MCA as Chairman and Managing Director of Unitech Limited for a two-year period through letters dated January 21, 2020 and January 27, 2020. This appointment was made in compliance with an order from the Hon'ble Supreme Court dated January 20, 2020.

The MCA has subsequently extended his tenure multiple times:

Current Extension Details

The latest extension covers the period from January 21, 2026 to July 20, 2026, or until the current Board is in place, or until further orders from the MCA, whichever occurs earlier. This represents a shorter extension period compared to the previous two-year terms granted in 2021 and 2023.

Board Acknowledgment

The Board of Directors of Unitech Limited formally acknowledged the tenure extension during their meeting held on January 31, 2026. The company communicated this development to both the National Stock Exchange of India Limited and BSE Limited through a formal compliance letter dated February 17, 2026.

The communication was signed by Anuradha Mishra, Company Secretary & Compliance Officer, ensuring proper regulatory disclosure of this significant corporate governance update.

Unitech Limited 's Board of Directors has approved the extension of Chief Executive Officer Ashok Kumar Yadav's tenure for an additional one-year period, demonstrating continuity in the company's leadership structure.

Board Meeting Details

The board meeting was conducted on January 31, 2026, commencing at 11:15 a.m. and concluding at 11:42 a.m. The decision to extend Yadav's tenure was made following the recommendation of the Nomination & Remuneration Committee.

Extension Terms and Duration

The extension covers a period of one year, with specific start and end dates clearly defined. The tenure extension includes provisions for early termination based on further company orders.

CEO Profile and Qualifications

Ashok Kumar Yadav brings substantial experience to his role as CEO and Key Managerial Personnel. His background encompasses both government administration and corporate sector expertise.

Professional Background:

• Retired IAS officer of Haryana Cadre
• Demonstrated history in government administration and corporate sector
• Former Managing Director and Director in multiple Public Sector Undertakings
• Expertise in non-profit organizations and real estate sector
• Specialized knowledge in business process improvement and public policy making

Educational Qualification:

• LL.M. from Punjab University, Chandigarh

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary & Compliance Officer Anuradha Mishra signed the disclosure document, ensuring proper regulatory adherence.

The extension reflects the board's confidence in Yadav's leadership capabilities and his continued contribution to the company's strategic direction and operational management.