This is pursuance of Regulation 30 of SEBI (LODR) Regulation, 2015 read with sub-clause 16(g) of Clause A of Part A of Schedule-III. We wish to inform that in 6th COC meeting of Unitech ....
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Unitech International Ltd, currently under the Corporate Insolvency Resolution Process (CIRP), held its 6th Committee of Creditors (CoC) meeting on 2 March 2026 via video conferencing. The Resolution Professional informed the CoC that Form G (which invites Expression of Interest from prospective resolution applicants) was originally published on 17 January 2026, but several queries from interested applicants are still pending replies. To give all bidders enough time and clarity, the CoC approved (with 100% voting) an Addendum to Form G that revises/extends the relevant timelines. The aim is to maximise value for the company and encourage healthy competition among bidders. The Resolution Professional has been authorised to take all steps needed to publish and implement this addendum.
Existing shareholders remain in limbo as the insolvency process drags on, with the resolution plan still not finalised. The extension of timelines means recovery (if any) will be further delayed, but the move could attract more competitive bids, which may marginally improve eventual resolution value.