Nature of change: Appointment of new Chairman & Managing Director
Name and DIN: Sh. Giridhar Aramane, IAS (Retd.) [DIN not disclosed in document]
Effective date and tenure: Joined on 25th August 2026 in the fore-noon for a period of two years from date of joining
Profile and qualifications: Indian Administrative Service (IAS) officer of the 1988 batch (Andhra Pradesh cadre) with 32 years of experience. Served as Defence Secretary from 1st November 2022 to 31st October 2024. Held important portfolios including:
Additional Secretary in Cabinet Secretariat looking after Cabinet Affairs
Exploration Division in Ministry of Petroleum & Natural Gas
Executive Director in-charge of inspections in Insurance Regulatory & Development Authority
Urban Development Principal Secretary in Andhra Pradesh Government
Managing Director of AP State Finance Corporation
Secretary (Finance Department) in Andhra Pradesh Government
Collector & DM of Chittoor and Khammam Districts
Eligibility confirmation: Confirmed that Sh. Giridhar Aramane is not debarred from holding office of Director by virtue of any SEBI order or by any other Authority
Relationship with other directors: Not related to any of the Directors on the Board of Unitech Limited
Previous KMP: Replaces Sh. Yudhvir Singh Malik whose term of office expired on close of working hours on 20th July 2026
Key Financial or Operational Approvals
Remuneration approval: Accorded remuneration of ₹5 lakh per month consolidated pay plus company leased accommodation as per MCA order
Strategic or Business Context
Regulatory context: Appointment made in compliance of Ministry of Corporate Affairs Order bearing F. No. Legal-10/1/2020-0/0 DGCoA-MCA dated 19.08.2026
Legal background: Pursuant to approval of Hon'ble Supreme Court granted vide its Order dated 17.08.2026 in IA No. 217218 of 2026
Historical context: Continuation of management changes initiated through Supreme Court order dated 18.12.2019 directing Union of India to replace existing management of Unitech Limited by independent group of directors
Any Other Material Information
Regulatory compliance: Disclosure made under Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Exchange compliance: Also complies with Circular Nos. LIST/COMP/14/2018-19 and NSE/CML/2018/02 issued by BSE Limited and National Stock Exchange of India Limited respectively dated June 20, 2018
Document references: SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026
Company details:
Corporate Office: 8th Floor, Tower-B, Signature Towers, South City Gurugram-122007, Haryana, India
