Unitech Limited has informed the Exchange regarding Appointment of Sh. Ramsekhar Manchikalapati as Other of the company w.e.f. March 02, 2026.
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Unitech Limited has informed the exchanges about the appointment of Sh. Ramsekhar Manchikalapati as a Director on its Board, effective March 2, 2026. This appointment was made by the Ministry of Corporate Affairs in compliance with a Supreme Court order dated February 25, 2026, passed in IA No. 155305 of 2022. Sh. Manchikalapati is a retired IAS officer from the 1988 batch (Haryana cadre) with over 35 years of experience in urban development, infrastructure, and governance. He is not debarred from holding a directorship by SEBI or any other authority, and is not related to any existing director on the Unitech board. No term for the appointment has been specified in the MCA order.
This is a court-mandated, government-directed appointment connected to the long-running Unitech resolution case (Civil Appeal No. 10856/2016), reflecting continued judicial oversight of the company's board. For shareholders, this signals ongoing restructuring under court supervision rather than a routine governance change.