Unitech Limited has informed the Exchange regarding Outcome of Board Meeting held on August 13, 2025.
UNITECH · price
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Unitech Limited's Board, at its meeting on August 13, 2025, approved three items: (1) appointment of M/s Pant S. & Associates as Cost Auditors for FY 2025-26, (2) appointment of CS Kiran Amarpuri as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30), subject to shareholder approval, and (3) unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). On a standalone basis, total income rose to Rs. 6,180.17 lakhs from Rs. 3,239.16 lakhs in Q1 FY25, but the company reported a net loss of Rs. 40,835.85 lakhs, narrower than the Rs. 91,770.06 lakhs loss a year earlier, with an EPS of Rs. (1.56). The statutory auditors, GSA & Associates LLP, issued a disclaimer of conclusion citing material uncertainty on going concern — the company has an eroded net worth, defaults on loans totalling Rs. 10,30,399.91 lakhs, overdue public deposits of Rs. 529.12.98 lakhs, and 2,445 pending litigations. The Resolution Framework filed with the Supreme Court remains unapproved, and a forensic audit report is yet to be made available.
The auditor's disclaimer of conclusion and the unresolved going concern uncertainty are negative signals that may weigh on investor confidence. The narrower year-on-year loss offers some relief, but persistent loan defaults, unpaid public deposits, and pending Supreme Court clearance of the Resolution Framework continue to pose significant risks to shareholders.