Unitech Group
4.76
-0.16(-3.25%)
Market Cap₹1,245.36 Cr
PE Ratio-0.44
IndustryRealty
Company Performance:
1D-3.25%
1M+20.51%
6M-33.33%
1Y-26.66%
5Y+252.59%
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More news about Unitech Group
17Feb 26
Unitech Limited Extends CEO Ashok Kumar Yadav's Tenure for One Year Until February 2027
Unitech Limited's Board of Directors approved the extension of CEO Ashok Kumar Yadav's tenure for one year from February 11, 2026 to February 10, 2027. The decision was made during a board meeting on January 31, 2026, following the Nomination & Remuneration Committee's recommendation. Yadav, a retired IAS officer with extensive government and corporate experience, will continue serving as CEO and Key Managerial Personnel under the extended arrangement.
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12Feb 26
Unitech Limited Board Approves Internal Auditor Reappointment and Q3FY26 Results
Unitech Limited held a Board meeting on February 12, 2026, approving the reappointment of M/s Prem Arun Jain & Co. as Internal Auditor for FY 2026-27 and announcing Q3FY26 financial results. The company reported a widened net loss of Rs 679.33 crore compared to Rs 419.33 crore in Q3FY25, with revenue declining to Rs 99.41 crore from Rs 130.70 crore year-on-year, while operating under Supreme Court-appointed management.
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13Nov 25
Unitech Limited Reports Widened Losses in Q2 FY26 Amid Ongoing Challenges
Unitech Group, under government-appointed management, reported a net loss of Rs 805.67 crore in Q2 FY26, up from Rs 468.59 crore year-on-year. Revenue increased to Rs 138.08 crore from Rs 19.08 crore. The company faces Rs 10,530.22 crore in outstanding loans and Rs 529.13 crore in unpaid public deposits. Management is seeking concessions from the Supreme Court, exploring project completion options, and discussing One Time Settlement with creditors. Auditors issued a disclaimer of conclusion due to insufficient evidence and pending reconciliations.
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30Sept 25
SEBI and Stock Exchanges Lift Penalties and Trading Restrictions on Unitech
SEBI, NSE, and BSE have agreed to waive fines and penalties imposed on Unitech Group for non-compliances during its previous management's tenure. BSE will move Unitech's securities from Z category to B category, while NSE will transfer it from BZ series to EQ series, effective October 7. BSE waived fines of Rs 3.30 crore and NSE waived Rs 3.50 crore. The government-appointed board, led by Yudhvir Singh Malik, has been advocating for these changes. A forensic audit had revealed fund misappropriation from 74 projects by previous promoters. The new management reports that work has resumed on most stalled projects.
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05Sept 25
Central Government Appoints Six Nominee Directors to Unitech Limited Board
The Central Government has appointed six nominee directors to Unitech Group's Board of Directors in response to a Supreme Court order. The new directors are Niranjan Hiranandani, Renu Sud Karnad, Dr. Girish Kumar Ahuja, Jitu Virwani, B. Sriram, and Anoop Kumar Mittal. This follows the earlier appointment of Yudvir Singh Malik as Chairman & Managing Director. The move aims to address home buyers' concerns and related issues. A separate order for Prabhakar Singh's appointment is expected later.
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13Aug 25
Unitech Limited Appoints New Auditors and Reports Q1 Financial Results
Unitech Group held a board meeting on August 13, appointing M/s Pant S. & Associates as Cost Auditors and CS Kiran Amarpuri as Secretarial Auditor. The company reported a consolidated net loss of Rs. 73,866.02 lakhs for Q1 ended June 30. Unitech faces significant financial hurdles, including delays in payment of dues totaling Rs. 10,30,399.91 lakhs. The management, under Supreme Court supervision, has submitted a Resolution Framework seeking concessions to fulfill obligations. Auditors expressed concerns about the company's going concern status.
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21Mar 25
Unitech Founder Ramesh Chandra Granted Bail in Money Laundering Case
The Delhi High Court has granted bail to 88-year-old Ramesh Chandra, founder of Unitech Ltd., in a money laundering case. Chandra, arrested by the Enforcement Directorate in October 2021, had been on interim bail since 2022 due to medical reasons. The court's decision considered his advanced age. This development is part of ongoing legal proceedings against Unitech, which has faced allegations of fraud and mismanagement of funds.
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11Mar 25
Unitech Completes Sale of Wholly-Owned Subsidiary Unitech Power Transmission for ₹50.89 Crore
Unitech Limited has sold its wholly-owned subsidiary, Unitech Power Transmission Limited (UPTL), to M/s Auro Infra Private Limited for ₹50.89 crore. The transaction, approved by the Supreme Court, was completed on March 11, 2025. UPTL contributed 9.38% to Unitech's consolidated income and 1.51% to its net worth in FY 2023-24. This divestment aligns with Unitech's strategy to focus on its core real estate business.
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Unitech Group
4.76
-0.16
(-3.25%)
1 Year Returns:-26.66%
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