Unitech Limited — Others, 13-11-2024: Appointment

Unitech Limited has announced a board meeting where the unaudited financial results for the quarter and half-year ended 30th September 2024 were approved. The standalone results showed a total income of ₹2462.50 crores, reflecting a significant loss of approximately ₹458.59 crores for the period. Additionally, the board approved the appointment of CS Kiran Amarpuri as the new secretarial auditor for the fiscal year 2024-25.

The company's continued financial challenges may affect investor sentiment, as the ongoing resolutions regarding public deposits and litigation matters introduce potential risks. Nevertheless, the management’s proactive measures under a new board structure indicate a shift towards a more sustainable operational future.