Management Change24 Apr 2026, 03:07 pm
Unitech: Uma Shankar Resigns as Director
AI Summary
Mrs. Uma Shankar has resigned from her position as Nominee Director (Non-Executive) of Unitech Ltd, effective March 7, 2026, due to personal reasons. She was initially appointed by the Central Government in the Ministry of Corporate Affairs (MCA) following a Supreme Court order. The MCA has acknowledged her resignation. Unitech has confirmed there are no other material reasons for her resignation. The company also reported a delay in filing the disclosure, attributing it to oversight.
Key Highlights
- Mrs. Uma Shankar resigned as Nominee Director from Unitech, effective March 7, 2026.
- Resignation is attributed to personal reasons, as stated by Mrs. Shankar.
- MCA has issued an order acknowledging Mrs. Shankar's resignation.
- Unitech confirms no other material reasons for the resignation.
- The company reported a delay in filing the disclosure due to oversight.
Price Impact
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