Unitech International Ltd — Important, 18-06-2026: Company Update

Unitech International's Committee of Creditors met to discuss the Corporate Insolvency Resolution Process (CIRP). The committee approved seeking a 60-day extension for the CIRP period from the NCLT. Additionally, discussions were held regarding appointing an agency to vet resolution plans and conduct due diligence on potential applicants. The sole financial creditor, Bank of Maharashtra, committed to swiftly approve this agency's appointment to accelerate the completion of the CIRP and present a viable resolution plan. These steps aim to progress the company's resolution efforts.