Reply to Clarification- Financial results

Unitech Limited CIN: L74899DL1971PLC009720 unl 15t July, 2026 National Stock Exchange of India Ltd. (Listing Compliance) ‘Exchange Plaza’, C/1, Block G, Bandra-Kurla Complex, Bandra (East), Mumbai — 400 051 Symbol: UNITECH Dear Sirs Subject: Clarification for Financial Results — UNITECH-Reminder -1 With reference to your email dated 14 July, 2026 on the subject matter, please note that the Company has already submitted its response through NEAPS > Compliance > Periodic Compliances > Result Adequacy Accuracy Module on 25.06.2026 and 10.07.2026. Copies of response submitted by the Company are enclosed herewith for your ready reference. Yours truly, C6émpany Secretary & Compliance Officer 1306-1308, 13th Floor, Tower B, Signature Tower, South City - 1, Gurugram-122007, Haryana, India T:+91124 4726860 F: + 91 124 2383332 Email : share.dept@unitechgroup.com W : www.unitechgroup.com Regd. Office : 6, Community Centre, Saket, New Delri - 110017, India Telefax : + 91 11 26857338 25t June, 2026 National Stock Exchange of India Ltd. (Listing Compliance) ‘Exchange Plaza’, C/1, Block G, Bandra-Kurla Complex, Bandra (East), Mumbai — 400 051 Symbol: UNITECH Dear Sirs Subject: Clarification for Financial Results - UNITECH With reference to your email dated 24t June, 2026 on the subject matter, please find below response of the Company to your clarification sought: Deficiency Observed in the submitted results: The Statement of Impact of Audit Qualifications in case of modified opinion(s)/ Declaration of unmodified opinion submitted is not in the format prescribed by SEBI-Not signed by Authorized signatory. Company’s Response: Signed copies of the Statement on Impact of Audit Qualifications (Standalone & Consolidated) are enclosed herewith. Yours truly, Compzhy Secretary & Compliance Officer 1306-1308, 13th Floor, Tower B, Signature Tower, South City - 1, Gurugram-122007, Haryana, India T:+91124 4726860 F: + 91 124 2383332 Email : share.dept@unitechgroup.com W : www.unitechgroup.com Regd. Office : 6, Community Centre, Saket, New Delki - 110017, India Telefax : + 91 11 26857338 ANNEXURE I Statement on Impact of Audit Qualifications (for audit report with modified opinion) submitted along-with Annual Audited Standalone Financial Results Statement on Impact of Audit Qualifications for the Financial Year ended March 31, 2026 [See Regulation ‘LX, Ul the SE Bl( LODR) ch\ll‘llmns, 2015] % just ua]mcnfions) L amaeny T Lakh) Rs. in Lakh, +_[Tur/ Tnotoal vinecorme 38,028.44] 38,02484 > |Total Expenditure 1,85,238.68 1,85,238.68)] 3| Exceptional items (31,794.92) (31,794.92) 4_|Total tax expenses - - 5_|Net Profit/(Loss) (1,79,005.16) (1,79,005.16) 6_|Earnings Per Share Basic 6.84) (6.84)] Diluted (6.82) (©.84)] 7 _|Total Assets 16,45,177.76 16,45,177.76| 8 | Total Liabilities 22,14,820.42 22,14,820.42| 9 |Net Worth (5,69,642.66)] (5,69,642.66)| 10_[Any other financial item(s) (as felt appropriate by the management) Audit Qualifications:- Matter 1 1| Details of Audit Qualifi [We draw attention to Note no. 4 of the Audited Standalone Financial Results, which have made references to the Resolution rldl\\e\\’(\lk (RF) for| Unitech group. The company has requested the Hon'ble Supreme Court to grant some concessions and reliefs so that the companyis able to fulfil its| obligations towards the construction of the projects and meet other liabilities. Resolution framework of Unitech group filed by New Management before| the Hon'ble Supreme Court on 10th September, 2020, Revised Version on 28th October, 2020 and Revised Version on 27th April, 2022 has not yet been approved by the Hon'ble Supreme Court. Accordingly, the impact of the proposed reliefs, concessions etc. have not been considered in the books of| accounts. 2_|Type of Audit Qualifications: Disclaimeorf Opinion 3_|Frequency of Qualifications: Repetitive, 6th year 4_[For Audit Qualification(s) where the impact is quantified by the auditor, Management's Views 5| For Audit Qualification(s) where the impact is not quantified by the auditor: (D Management's estimation on the impact of audit qualification: (i) management is unable (0 estimate the impact, reasons for the same: The points mentioned herein are informatory in nature and the Management has no further comments to offer on the same (i)_Auditors' Comments on () or (i) above: [Can ot be quantified as on the date of our report duc fo details not available . Matter 2 1 [Details of Audit Qualifications:- erial uncertainty rel ¥ We draw attention to Note no. 5 of the Audited Standalone Financial Results wherein the management has represented that the Audited Standalone| Financial Results have been prepared on a going concern basis, notwithstanding the fact that the Company has eroded its net worth and has incurred| losses, both in the current and previous year, and has challenges in meeting its obligations, servicing its current liabilities including bank loans and public deposits. The Company also has various litigation matters which are pending before different forums. Further, the New Management has| inherited various projects of the Company, which are pending for considerable construction and residual works to be completed. In compliance of the directions of the Hon'ble Supreme Court, as contained in Court’s order dated 20th January 2020, the Government appointed Board of Directors has requested the Hon'ble Supreme Court to grant certain concessions and reliefs so that the Company is able to fulfilits obligations| towards the construction and completion of in-complete projects and meet other liabilities. These conditions indicate the existence of material uncertainty that may cast significant doubt about Company's ability to continue as a going concern.| The appropriateness of assumption of going concern is critically dependent upon the Company’s ability to raise finance and generate cash flows in| future to meet its obligations, and also on the final decision of the Hon'ble Supreme Court on the Resolution Framework. Also, the Board of Directors| are exploring various possible options for completion of ongoing projects and are trying to generate additional possible revenues by construction of new] flats. Considering the above, we are unable to express an opinion on this matter. 2| Type of Audit Qualifications: Disclaimer of Opinion 3| Frequency of Qualifications - [Repetitive, 6th year 4_[For Audit Qualification(s) where the impact is quantified by the auditor, Management's Views 5| For Audit Qualification(s) where the impact s not quantified by the auditor: (i) Management's estimation on the impact of audit qualification: (ii) If management is unable to estimate the impact, reasons for the same: The points mentioned herein are informatory in nature and the Management has no further comments to offer on the same. [The Management has already stated its position in the Resoltion Framework submittedi n the Honble Supreme Court o 15.07.3020, followed by updated versions submitted on 05.02.2021 and on 08.08.2022, wherein the Hon'ble Supreme Court has heen prayed to grant certa jons and reliefs 5o that the Company is able to fulfill its obligations towards the construction and completion of projects and meet other liabilities, The reasons for opting against winding up the Company or its reference under IBC have fully been explaineidn the application filed for submission of the Resoluti Framework. The Management is hopeful that as per mandate given by Hon'ble Supreme Court, the company would be able to generate sufficient funds o complete the projects as per timelines notified in the award of contracts and, accordingly, no material uncertainty exists in the Company continuing a5 2 going concern. As such, expressing doubts about the Company as an ongoing concern is rather pre-mature at this stage. (iii)_Auditors' Comments on (i) or (i) above: [Can not be quantified as on the date of our report due to details not available Matter 3 The Management of the Company his not conducted [Showing first 8,000 characters — download PDF for full document]