Unitech Limited — Others, 13-02-2025: Appointment

Unitech Limited has announced a board meeting to appoint M/s Prem Arun Jain & Co. as the internal auditor for FY 2025-26 and to present the financial results for the quarter and nine months ended December 31, 2024. The company reported revenue of ₹8,250.13 crore and a net loss of ₹1,80,561.98 crore during this period. Significant losses raise concerns regarding the company's operational sustainability. The new management continues to navigate legacy issues, emphasizing ongoing reconciliation efforts and proposed resolution frameworks pending Supreme Court approval. This situation may result in a cautious investor outlook due to ongoing operational challenges and financial uncertainty.