Unitech Limited has informed the Exchange regarding Outcome of Board Meeting held on February 12, 2026-Re-appointment of Internal Auditors for the FY 2026-27.
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Unitech's board, meeting on February 12, 2026, approved two items: re-appointment of M/s Prem Arun Jain & Co. as Internal Auditor for FY 2026-27, and unaudited financial results for Q3 and nine months ended December 31, 2025. On a standalone basis, the company reported a net loss of Rs. 67,932.77 lakhs for the quarter (including exceptional items of Rs. 31,794.92 lakhs from legacy corrections) and Rs. 1,48,499.42 lakhs for the nine months, against total income of Rs. 26,595.25 lakhs. The statutory auditor (GSA & Associates LLP) issued a disclaimer of conclusion, citing material uncertainty about going concern, lack of impairment assessment on investments of Rs. 9,72,22.92 lakhs, unpaid statutory dues, overdue public deposits of Rs. 5,29,12.98 lakhs with unprovided interest of Rs. 59,642.94 lakhs, and ongoing Supreme Court oversight. Total contingent liabilities stood at Rs. 6,47,541.58 lakhs, with 2,436 litigations pending. The Supreme Court-directed Resolution Framework remains unapproved, and the forensic audit report is still unavailable.
No positive catalyst for shareholders — the auditor's disclaimer on going concern, massive losses, and unresolved Supreme Court matters signal continued distress. The re-appointment of internal auditors is a routine compliance event; investors should focus on the financials, which reinforce deep structural problems rather than any near-term recovery.