Unitech Limited has informed the Exchange about Resignation of Director/KMP/SMP

Kmp ResignedDirector Flagged GovernanceManagement Changes View source PDF Explain this filing

UNITECH · price

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Price reactionminutes from the announcement price · days from the prior close

-2.6%Reaction day

₹4.93

prior close

₹4.76

announcement price

In-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-1.4%-1.2% vs market

Residential Commercial Projects peers, median of 64sector-1.4%-1.3% vs sector

On the reaction day the stock moved 1.2 pts less than Nifty Microcap 250 and 1.3 pts less than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

-2.6-1.4-1.2-1.4-1.3

Next day

-2.2+1.0-3.2-0.3-1.9

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15d

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-11.0+9.0-20.0-2.6-8.3

UpDownMarket · Nifty Microcap 250Sector · Residential Commercial Projects peers, median of 64Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Mrs. Uma Shankar has resigned from the Board of Unitech Limited as Nominee Director (Non-Executive) with effect from 07.03.2026. She was appointed by the Central Government in the Ministry of Corporate Affairs (MCA) on 19.10.2022, in compliance with Hon'ble Supreme Court orders regarding constitution of a new Board for Unitech. The reason stated for her resignation is personal reasons. The MCA has also issued a formal order dated 25.03.2026 confirming her resignation. Additionally, the MCA letter mentions Ms. Rasika Chaube's unwillingness to join the Board as she is presently holding a post at the Armed Forces Tribunal. The company has acknowledged delayed filing of this disclosure due to oversight.

Likely market impact

This resignation removes another MCA-appointed nominee director from Unitech's board during its court-monitored resolution process, which may raise concerns about stability of the governance structure. The stock is currently not listed (scrip code marked as NOTLISTED).