Intimation to BSE about First CoC Meeting of the Company
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Unitech International Ltd, which is currently under the Corporate Insolvency Resolution Process (CIRP), has informed BSE about the results of its first CoC meeting held on 30 July 2025. E-voting on key resolutions ran from 12 August to 28 August 2025. All resolutions were passed with 100% approval, including the appointment of Mr. Mayur Rajendrakumar Popat as the Resolution Professional (RP), the engagement of three registered valuers (GN Fair Valuation, Adroit Valuation, and Pensar Valuation) to determine the fair and liquidation value of the company's assets, continuation of existing security personnel, and ratification of CIRP costs. The CoC also approved the appointment of Mr. Mandar Palav as Company Secretary and Ms. Rashmi Pahuja as accountant. Mr. Popat now acts as the Deemed Resolution Professional for the company.
Shareholders should note that the company remains under insolvency resolution, meaning equity may be significantly diluted or wiped out depending on the final resolution plan. The appointment of the RP and valuers are standard procedural steps in CIRP and signal that the formal resolution process is now actively underway.