Unitech Limited has disclosed the end of tenure of its Chairman and Managing Director, Sh. Yudhvir Singh Malik, IAS (Retd.).
Key Chronology of Appointment & Extensions
- The Ministry of Corporate Affairs (MCA) initially appointed Sh. Yudhvir Singh Malik as Chairman and Managing Director for a two-year term, based on letters dated 21.01.2020 and 27.01.2020. This appointment was made in compliance with an Order from the Hon'ble Supreme Court dated 20.01.2020.
- The MCA subsequently extended his tenure twice, each for a further two-year period, via letters dated 09.11.2021 and 25.10.2023 (read with a clarification letter dated 06.11.2023).
- Most recently, the MCA extended his tenure for a final period of six months, from 21st January 2026 to 20th July 2026, or until the current Board is in place, or until further orders (whichever is earliest). This extension was communicated via letter no. F. No. 10/01/2020-Legal dated 17.01.2026.
Current Update
In view of the above MCA communications, the tenure of Sh. Yudhvir Singh Malik as Chairman and Managing Director of Unitech Limited ended effective close of working hours on 20th July, 2026. He has ceased to hold both positions.
Status of Succession
As of the date of this disclosure (July 20, 2026), the company has not received any communication from the MCA regarding the appointment of a new Chairman & Managing Director. The company has committed to updating the stock exchanges upon receipt of any further communication from the MCA on this matter.
Board Approval
The Board of Directors of Unitech Limited took note of this development in its meeting held on 20th July, 2026. The meeting commenced at 11:30 a.m. and concluded at 02:50 p.m.