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Unitech Limited ( (IN:UNITECH) ) has shared an announcement.
Unitech Limited has announced the resignation of Mrs. Uma Shankar as a Non-Executive Nominee Director on its board, effective 7 March 2026, citing personal reasons and confirming there are no other material issues behind her decision. Her departure comes in the context of a board that was constituted by India’s Ministry of Corporate Affairs under Supreme Court orders to provide independent management oversight, and the company has also acknowledged and apologized for a delay in disclosing this change to the stock exchanges, reiterating its commitment to timely compliance going forward.
More about Unitech Limited
Unitech Limited is an India-based company whose shares are listed on the National Stock Exchange of India and BSE, operating under the symbol UNITECH and scrip code 507878. The company has been under an independent government-appointed board following a Supreme Court directive related to management oversight and governance reforms.
Average Trading Volume: 1,565,983
Technical Sentiment Signal: Sell
Current Market Cap: 12.86B INR
For a thorough assessment of UNITECH stock, go to TipRanks’ Stock Analysis page.