BSEOthers4d ago · 31 Aug 2026, 03:52 pm
Submission of Business Responsibility and Sustainability Report FY 2025-26.
Unitech Ltd · 507878
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Unitech Ltd has submitted its Business Responsibility and Sustainability Report for FY 2025-26, as per SEBI regulations. The report forms part of the company's Annual Report for FY 2025-26. The company has made progress in completing stalled projects and has floated new tenders for project completion.
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Unitech Ltd - 507878 - Business Responsibility and Sustainability Reporting (BRSR)
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Unitech Limited
CIN: L74899DL 1971PLC009720 Unl
315t August, 2026
National Stock Exchange of India Ltd. BSE Limited
(Listing Compliance) (Listing Compliance)
‘Exchange Plaza’, C/1, Block G, 1st Floor, New Trading Ring, Rotunda
Bandra-Kurla Complex, Building, P.J. Towers, Dalal Street,
Bandra (East), Fort,
Mumbai — 400 051 Mumbai — 400 001
Symbol: UNITECH Scrip Code: 507878
Dear Sirs,
Subject: Business Responsibility and Sustainability Report for the financial year
2025-26
Pursuant to regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, please find enclosed Business Responsibility and
Sustainability Report for the Financial Year 2025-26, which also forms part of Annual
Report for FY 2025-26.
This is for your information and record.
Yours truly,
Anuradh #
a Mishra
Encl.: as above
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 Deli - 110017, India
Telefax : + 91 11 26857338
BUSINESS RESPONSIBILITY & SUSTAINABILITY REPORT 2025-26
SECTION - A: GENERAL DISCLOSURES vide order dated 18.05.2022, Justice (Retd.) A.M. Sapre
was also associated with every stage of tendering
Introduction:
process and the same was to be carried out under his
(a) Unitech Limited (Unitech or the Company), was supervision.
incorporated on 09th February, 1971 under the (g) It is pertinent to note that in view of the legacy issues
Companies Act, 1956, and commenced its operations. confronting Unitech Group of Companies, several
It has been one of the leading real estate companies of Unitech’s Projects had been lying stalled since
in India, with a well-diversified presence in real estate even before June 2017 when the promoters were
business comprising of commercial complexes and imprisoned.
integrated residential development, Schools, Hotels,
(h) Based on the ground-work done by PMCs, it was
Malls and infrastructure projects. Unitech has projects
estimated that about 130-135 Tenders would be
across the price spectrum and several states in India.
required to be floated for completion of all the 74
(b) The Company went through challenging times residential and 12 commercial projects. Since, it was
sometime around 2012-13 onwards due to various practically not possible to float all the Tenders in one
factors which led to a situation that it was not able to go, the Management decided to float these Tenders
honour the commitments made to customers for timely in four to five Lots, each Lot comprising about 30-35
delivery of the residential and commercial units sold to Tenders, as also submitted before the Hon’ble Supreme
them. Due to numerous litigations by a large number court vide Action Taken Repot (ATR)-IV. As the
of homebuyers and other stakeholders, the Hon’ble Members are already aware, the Unitech Management
Supreme Court directed the Union Government vide its after seeking the approval of the Board of Directors
Order dated 18.12.2019 to propose the appointment of (BoD) and Justice (Retd.) A.M. Sapre in the month of
an independent Board of Directors of Unitech Limited. December 2022, floated a total of 35 Tenders as part
(c) In compliance thereto, the Central Government of Lot-1 on 02.01.2023. After the completion of Bid
proposed the constitution of a new Board of Directors, Management process and approval of BoD and Justice
which was approved by the Hon’ble Supreme Court Sapre, a total of 15 Tenders were submitted to the
vide its Order dated 20.01.2020 passed in the matter Hon’ble Supreme Court seeking directions for award
of Bhupinder Singh Vs. Unitech Limited in Civil Appeal of Contracts. Further, after the approval of BoD and
No. 10856/2016. The Hon’ble Supreme Court was Justice (Retd.) A.M. Sapre, the Management floated
pleased to direct the supersession of the erstwhile another set of 51 Tenders as part of Lot-2 on its website
Management of Unitech Limited with the appointment on 08.05.2023 and 09.05.2023. After the completion
of a new Board of Directors constituted under the of Bid Management Process for Lot-2 Tenders, a
chairmanship of Mr. Y. S. Malik, IAS (Retd.), formerly total of 34 Tenders were approved by the BoD and
Secretary to Government of India. Justice Sapre on 18.08.2023, and the same were
submitted in the Hon’ble Supreme Court for seeking
(d) The Hon’ble Supreme Court’s order dated 20.01.2020
approval for awarding the Contracts to successful
inter alia, stated that -
Bidders. The Hon’ble Supreme Court permitted the
“The existing Board of Directors of Unitech Limited
Unitech Management to award contracts in respect of
is superseded with immediate effect in order to
49 (15+34) Tenders qua Lot-1 & Lot-2 vide its orders
facilitate the taking over of management by the
dated 03.11.2023. In furtherance to the aforesaid order
new Board of Directors constituted in terms of the
dated 03.11.2023, the Management uploaded the list of
proposal submitted by the Union Government.”
these approved 49 Tenders at the Company’s website
(e) In compliance of the order ibid, the new Management, on 04.11.2023 and issued Letters of Intent (LoIs) to all
as directed, prepared and submitted a Resolution the 23 Contractors to whom 49 Tenders of 39 Projects
Framework (RF) before the Hon’ble Supreme Court were awarded to comply with the requisite formalities
on 16.07.2020, followed by updated versions filed on for signing the Contract Agreements. Simultaneously,
05.02.2021 and 08.08.2022, wherein a comprehensive after seeking the approval of the BoD in its meeting
approach for (i) completion of all incomplete projects, held on 26.10.2023, the company floated another set of
(ii) settlement of all other stakeholders has been 55 Tenders as part of Lot-3 on 07.11.2023/ 08.11.2023.
proposed. The said RF is under consideration of the After the completion of Bid Management Process for
Hon’ble Supreme Court. Lot-3 Tenders, a total of 38 Tenders were approved by
(f) Further, the Hon’ble Supreme Court had requested BoD and Justice Sapre on 16.02.2024 and the same
Justice (Retd.) A. M. Sapre, vide its order dated were submitted in the Hon’ble Supreme Court for
20.04.2022, to assist the Board of Management in approval for award of Contracts to successful Bidders,
monetization of the land assets under the auspices of which was allowed by the Hon’ble Court vide its orders
the directions of Hon’ble Supreme Court. Subsequently, dated 26.04.2024. Similarly, the Management, after
58 ANNUAL REPORT 2025-26 ANNUAL REPORT 2025-26 59
BUSINESS RESPONSIBILITY & SUSTAINABILITY REPORT 2025-26
getting the approval of the BoD in its meeting held Subsequently, Lot-5 Tenders, comprising of 16 main
on 25.04.2024, floated 31 Tenders on 10.06.2024 as and 01 Retrofitting Tenders, were floated on 30.12.2024
part of Lot-4 Tenders. After the approval of the BoD and after completion of the Bid Management process,
on 13.11.2024, followed by the recommendations of 10 Tenders (including 01 Retrofitting Tender of
Justice (Retd.) A.M. Sapre on 28.11.2024, a total of 23 Cascades- Kolkata) of Lot-5 were approved by BoD in
Tenders were awarded to successful L-1 bidders in its meeting held on 03.04.2025, subject to the approval
December, 2024 pursuant to the order dated 04.12.2024 by Justice (Retd.) A.M. Sapre and the Hon’ble Supreme
of the Hon’ble Supreme Court. Also, 17 Tenders were Court. Justice (Retd.) A.M. Sapre recommended the
floated as part on Lot-5 Tenders on 30.12.2024. Out of award of the aforesaid Tenders on 19.04.2025.
these 17 Tenders, 10 Tenders were finalized/ approved The Hon’ble Supreme Court, vide its order dated
to be awarded as part of Lot-5 in the meeting of the 22.01.2026 granted its approval to award the 01 Tender
BoD held on 03.04.2025, subject to the approval by for retrofitting works, out of 10 Tenders of Lot-5 to
Justice (Retd.) A.M. Sapre and the Hon’ble Supreme success
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