Submission of Financial Results for the quarter and year ended 31.03.2026
UNITECH · price
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Unitech Ltd has posted audited results for FY2026 with total income of Rs. 3,802.84 crore, but the statutory auditor (GSA & Associates LLP) has issued a Disclaimer of Opinion, meaning they cannot express any opinion on the financial statements. The company reported a net loss of Rs. 1,790.02 crore for the year, though this is slightly better than the prior year loss of Rs. 1,850.18 crore. The auditors cited 15+ material issues including: non-approval of Resolution Framework by Supreme Court, lack of impairment assessments for Rs. 972 crore in subsidiary/joint venture investments, unverified loans and receivables of Rs. 4,508 crore, unresolved public deposit default of Rs. 529 crore principal plus Rs. 612 crore unpaid interest, and pending reconciliation of bank balances and trade payables. The company's net worth is fully eroded, and the auditor explicitly flagged material uncertainty about going concern assumption. There are also 2,431 litigations pending in Supreme Court.
The disclaimer of opinion from auditors, combined with extreme losses, eroded net worth, and ongoing Supreme Court proceedings, signals extreme financial distress. The stock remains extremely high-risk given unresolved legacy liabilities, inability to verify asset values, and dependence on Supreme Court decisions for any resolution pathway.