StockWatch
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Residential- Commercial Projects
Quarterly Result28 May 2026, 07:47 pm

Unitech Board Approves Q4/FY26 Results; Auditors Issue Disclaimer

AI Summary

Unitech Limited's Board of Directors approved the Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026, in a meeting held on May 28, 2026. However, the statutory auditors, G S A & Associates LLP, issued a disclaimer of opinion on the standalone financial results. This disclaimer is due to the inability to obtain sufficient appropriate audit evidence, primarily stemming from ongoing matters related to the Hon'ble Supreme Court's directives, including the supersession of the previous board, the appointment of a new board, and the non-approval of the proposed resolution framework for the Unitech group, which impacts the consideration of reliefs and concessions in the books of accounts.

Key Highlights

  • Board approved Audited Financial Results for Q4 and FY ended March 31, 2026.
  • Statutory auditors issued a disclaimer of opinion on standalone financial results.
  • Disclaimer attributed to ongoing Supreme Court directives and unapproved resolution framework.
  • Auditors could not obtain sufficient appropriate evidence for an opinion.