General information about company |
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|---|---|---|---|
| Scrip Code | 507878 | ||
| NSE Symbol | UNITECH | ||
| MSEI Symbol | NOTLISTED | ||
| ISIN | INE694A01020 | ||
| Name of company | UNITECH LIMITED | ||
| Type of company | Main Board | ||
| Class of security | Equity | ||
| Date of start of financial year | 01-Apr-2024 | ||
| Date of end of financial year | 31-Mar-2025 | ||
| Date of board meeting when results were approved | 29-May-2025 | ||
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 23-May-2025 | ||
| Description of presentation currency | INR (in Actuals) | ||
| Reporting Type | Quarterly | ||
| Reporting Quarter | Fourth quarter | ||
| Nature of report standalone or consolidated | Standalone | ||
| Whether results are audited or unaudited for the quarter ended | Audited | ||
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Audited | ||
| Segment Reporting | Single segment | ||
| Description of single segment | Real Estate Development and Related Activities | ||
| Start date and time of board meeting | 29-May-2025 14:30:00 | ||
| End date and time of board meeting | 29-May-2025 15:20:00 | ||
| Whether cash flow statement is applicable on company | Yes | ||
| Type of cash flow statement | Cash Flow Indirect | ||
| Declaration of unmodified opinion or statement on impact of audit qualification | Statement on impact of audit qualification | ||
| Whether the company has any related party? | Yes | ||
| Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? | Yes | ||
| (I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public | NA | ||
| (II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. | NA | ||
| Whether the company is a high value debt listed entity according to regulation 15 (1A)? | No | ||
| (a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication? | |||
| (b) If answer to above question is No, please explain the reason for not complying. | |||
| Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? | Yes | ||
| Latest Date on which RPT policy is updated | 2025-02-13 | ||
| Indicate Company website link for updated RPT policy of the Company | https://www.unitechgroup.com/investor-relations/policy-related-party-transactions.asp | ||
| Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? | No | ||
| No. of times funds raised during the quarter | |||
| Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? | Yes | ||
Financial Results Ind-AS |
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|---|---|---|---|
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
| A | Date of start of reporting period | 01-Jan-2025 | 01-Apr-2024 |
| B | Date of end of reporting period | 31-Mar-2025 | 31-Mar-2025 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| Part I | Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column. | ||
| 1 | Income | ||
| Revenue from operations | 403544000 | 975032000 | |
| Other income | 133468000 | 386993000 | |
| Total income | 537012000 | 1362025000 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 222844000 | 5060808000 |
| (b) | Purchases of stock-in-trade | 0 | 0 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 0 | 0 |
| (d) | Employee benefit expense | 38532000 | 178990000 |
| (e) | Finance costs | 658995000 | 14306915000 |
| (f) | Depreciation, depletion and amortisation expense | 7404000 | 27872000 |
| (f) | Other Expenses | ||
| 1 | Other Expenses | 54809000 | 289210000 |
| Total other expenses | 54809000 | 289210000 | |
| Total expenses | 982584000 | 19863795000 | |
| 3 | Total profit before exceptional items and tax | -445572000 | -18501770000 |
| 4 | Exceptional items | 0 | 0 |
| 5 | Total profit before tax | -445572000 | -18501770000 |
| 6 | Tax expense | ||
| 7 | Current tax | 0 | 0 |
| 8 | Deferred tax | 0 | 0 |
| 9 | Total tax expenses | 0 | 0 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0 | 0 |
| 11 | Net Profit Loss for the period from continuing operations | -445572000 | -18501770000 |
| 12 | Profit (loss) from discontinued operations before tax | 0 | 0 |
| 13 | Tax expense of discontinued operations | 0 | 0 |
| 14 | Net profit (loss) from discontinued operation after tax | 0 | 0 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0 | 0 |
| 16 | Total profit (loss) for period | -445572000 | -18501770000 |
| 17 | Other comprehensive income net of taxes | -15241000 | -13530000 |
| 18 | Total Comprehensive Income for the period | -460813000 | -18515300000 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | |||
| Total profit or loss, attributable to non-controlling interests | |||
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | |||
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | |||
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 5232602000 | 5232602000 | |
| Face value of equity share capital | 2 | 2 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | -44306556000 | |
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | -0.17 | -7.07 | |
| Diluted earnings (loss) per share from continuing operations | -0.17 | -7.07 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | -0.17 | -7.07 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | -0.17 | -7.07 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | ||
Remarks |
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|---|---|
| Debt equity ratio | |
| Debt service coverage ratio | |
| Interest service coverage ratio | |
Statement of Asset and Liabilities |
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|---|---|---|---|
| Particulars | Year ended (dd-mm-yyyy) | ||
| Date of start of reporting period | 01-Apr-2024 | ||
| Date of end of reporting period | 31-Mar-2025 | ||
| Whether results are audited or unaudited | Audited | ||
| Nature of report standalone or consolidated | Standalone | ||
| Assets | |||
| 1 | Non-current assets | ||
| Property, plant and equipment | 156705000 | ||
| Capital work-in-progress | 0 | ||
| Investment property | 112190000 | ||
| Goodwill | 0 | ||
| Other intangible assets | 5657000 | ||
| Intangible assets under development | 6506000 | ||
| Biological assets other than bearer plants | 0 | ||
| Investments accounted for using equity method | 0 | ||
| Non-current financial assets | |||
| Non-current investments | 15870629000 | ||
| Trade receivables, non-current | 0 | ||
| Loans, non-current | 22353000 | ||
| Other non-current financial assets | 318294000 | ||
| Total non-current financial assets | 16211276000 | ||
| Deferred tax assets (net) | 0 | ||
| Other non-current assets | 339000 | ||
| Total non-current assets | 16492673000 | ||
| 2 | Current assets | ||
| Inventories | 6251796000 | ||
| Current financial asset | |||
| Current investments | 0 | ||
| Trade receivables, current | 3258491000 | ||
| Cash and cash equivalents | 2430523000 | ||
| Bank balance other than cash and cash equivalents | 1552502000 | ||
| Loans, current | 45347678000 | ||
| Other current financial assets | 4956813000 | ||
| Total current financial assets | 57546007000 | ||
| Current tax assets (net) | 1118771000 | ||
| Other current assets | 87002308000 | ||
| Total current assets | 151918882000 | ||
| 3 | Non-current assets classified as held for sale | 0 | |
| 4 | Regulatory deferral account debit balances and related deferred tax Assets | 0 | |
| Total assets | 168411555000 | ||
| Equity and liabilities | |||
| 1 | Equity | ||
| Equity attributable to owners of parent | |||
| Equity share capital | 5232602000 | ||
| Other equity | -44306556000 | ||
| Total equity attributable to owners of parent | -39073954000 | ||
| Non controlling interest | |||
| Total equity | -39073954000 | ||
| 2 | Liabilities | ||
| Non-current liabilities | |||
| Non-current financial liabilities | |||
| Borrowings, non-current | 14296000 | ||
| Trade payables, non-current | |||
| (A) Total outstanding dues of micro enterprises and small enterprises | 0 | ||
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 0 | ||
| Total Trade payable | 0 | ||
| Other non-current financial liabilities | 42931000 | ||
| Total non-current financial liabilities | 57227000 | ||
| Provisions, non-current | 4543836000 | ||
| Deferred tax liabilities (net) | 0 | ||
| Deferred government grants, Non-current | 0 | ||
| Other non-current liabilities | 0 | ||
| Total non-current liabilities | 4601063000 | ||
| Current liabilities | |||
| Current financial liabilities | |||
| Borrowings, current | 51556589000 | ||
| Trade payables, current | |||
| (A) Total outstanding dues of micro enterprises and small enterprises | 0 | ||
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 8454079000 | ||
| Total Trade payable | 8454079000 | ||
| Other current financial liabilities | 74760747000 | ||
| Total current financial liabilities | 134771415000 | ||
| Other current liabilities | 68109183000 | ||
| Provisions, current | 3848000 | ||
| Current tax liabilities (Net) | 0 | ||
| Deferred government grants, Current | 0 | ||
| Total current liabilities | 202884446000 | ||
| 3 | Liabilities directly associated with assets in disposal group classified as held for sale | 0 | |
| 4 | Regulatory deferral account credit balances and related deferred tax liability | 0 | |
| Total liabilities | 207485509000 | ||
| Total equity and liabilites | 168411555000 | ||
| Disclosure of notes on assets and liabilities | |||
Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results |
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|---|---|---|---|---|---|---|---|
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
| Date of start of reporting period | 01-Jan-2025 | 01-Apr-2024 | |||||
| Date of end of reporting period | 31-Mar-2025 | 31-Mar-2025 | |||||
| Whether accounts are audited or unaudited | Audited | Audited | |||||
| Nature of report standalone or consolidated | Standalone | Standalone | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| Total Segment Revenue | |||||||
| Less: Inter segment revenue | |||||||
| Revenue from operations | |||||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| Total Profit before tax | |||||||
| i. Finance cost | |||||||
| ii. Other Unallocable Expenditure net off Unallocable income | |||||||
| Profit before tax | |||||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| Total Segment Asset | |||||||
| Un-allocable Assets | null | null | |||||
| Net Segment Asset | null | null | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| Total Segment Liabilities | |||||||
| Un-allocable Liabilities | null | null | |||||
| Net Segment Liabilities | null | null | |||||
| Disclosure of notes on segments | |||||||
Other Comprehensive Income |
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|---|---|---|---|
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
| A | Date of start of reporting period | 01-Jan-2025 | 01-Apr-2024 |
| B | Date of end of reporting period | 31-Mar-2025 | 31-Mar-2025 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Items that will not be reclassified to profit and loss | -15241000 | -13530000 |
| Total Amount of items that will not be reclassified to profit and loss | -15241000 | -13530000 | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 0 | 0 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | 0 | 0 |
| 5 | Total Other comprehensive income | -15241000 | -13530000 |
Cash flow statement, indirect |
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|---|---|---|---|---|---|---|
| Particulars | Year ended (dd-mm-yyyy) | |||||
| A | Date of start of reporting period | 01-Apr-2024 | ||||
| B | Date of end of reporting period | 31-Mar-2025 | ||||
| C | Whether results are audited or unaudited | Audited | ||||
| D | Nature of report standalone or consolidated | Standalone | ||||
| Part I | Blue color marked fields are non-mandatory. | |||||
| Statement of cash flows | ||||||
| Cash flows from used in operating activities | ||||||
| Profit before tax | -18501770000 | |||||
| Adjustments for reconcile profit (loss) | ||||||
| Adjustments for finance costs | 14306915000 | |||||
| Adjustments for decrease (increase) in inventories | 0 | |||||
| Adjustments for decrease (increase) in trade receivables, current | 1301103000 | |||||
| Adjustments for decrease (increase) in trade receivables, non-current | 0 | |||||
| Adjustments for decrease (increase) in other current assets | -1986849000 | |||||
| Adjustments for decrease (increase) in other non-current assets | 0 | |||||
| Adjustments for other financial assets, non-current | 0 | |||||
| Adjustments for other financial assets, current | 0 | |||||
| Adjustments for other bank balances | -83104000 | |||||
| Adjustments for increase (decrease) in trade payables, current | 656009000 | |||||
| Adjustments for increase (decrease) in trade payables, non-current | 0 | |||||
| Adjustments for increase (decrease) in other current liabilities | 0 | |||||
| Adjustments for increase (decrease) in other non-current liabilities | 0 | |||||
| Adjustments for depreciation and amortisation expense | 27872000 | |||||
| Adjustments for impairment loss reversal of impairment loss recognised in profit or loss | 0 | |||||
| Adjustments for provisions, current | 4495311000 | |||||
| Adjustments for provisions, non-current | 0 | |||||
| Adjustments for other financial liabilities, current | 0 | |||||
| Adjustments for other financial liabilities, non-current | 0 | |||||
| Adjustments for unrealised foreign exchange losses gains | 4196000 | |||||
| Adjustments for dividend income | 357000 | |||||
| Adjustments for interest income | 245404000 | |||||
| Adjustments for share-based payments | 0 | |||||
| Adjustments for fair value losses (gains) | 0 | |||||
| Adjustments for undistributed profits of associates | 0 | |||||
| Other adjustments for which cash effects are investing or financing cash flow | 0 | |||||
| Other adjustments to reconcile profit (loss) | -13530000 | |||||
| Other adjustments for non-cash items | 0 | |||||
| Share of profit and loss from partnership firm or association of persons or limited liability partnerships | 0 | |||||
| Total adjustments for reconcile profit (loss) | 18462162000 | |||||
| Net cash flows from (used in) operations | -39608000 | |||||
| Dividends received | 0 | |||||
| Interest paid | 0 | |||||
| Interest received | 1000 | |||||
| Income taxes paid (refund) | 689842000 | |||||
| Other inflows (outflows) of cash | 47000 | |||||
| Net cash flows from (used in) operating activities | -729402000 | |||||
| Cash flows from used in investing activities | ||||||
| Cash flows from losing control of subsidiaries or other businesses | 0 | |||||
| Cash flows used in obtaining control of subsidiaries or other businesses | 0 | |||||
| Other cash receipts from sales of equity or debt instruments of other entities | 0 | |||||
| Other cash payments to acquire equity or debt instruments of other entities | 0 | |||||
| Other cash receipts from sales of interests in joint ventures | 0 | |||||
| Other cash payments to acquire interests in joint ventures | 0 | |||||
| Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships | 0 | |||||
| Cash payment for investment in partnership firm or association of persons or limited liability partnerships | 0 | |||||
| Proceeds from sales of property, plant and equipment | 10100000 | |||||
| Purchase of property, plant and equipment | 36061000 | |||||
| Proceeds from sales of investment property | 508900000 | |||||
| Purchase of investment property | 150468000 | |||||
| Proceeds from sales of intangible assets | 0 | |||||
| Purchase of intangible assets | 0 | |||||
| Proceeds from sales of intangible assets under development | 0 | |||||
| Purchase of intangible assets under development | 0 | |||||
| Proceeds from sales of goodwill | 0 | |||||
| Purchase of goodwill | 0 | |||||
| Proceeds from biological assets other than bearer plants | 0 | |||||
| Purchase of biological assets other than bearer plants | 0 | |||||
| Proceeds from government grants | 0 | |||||
| Proceeds from sales of other long-term assets | 0 | |||||
| Purchase of other long-term assets | 0 | |||||
| Cash advances and loans made to other parties | 101744000 | |||||
| Cash receipts from repayment of advances and loans made to other parties | 139723000 | |||||
| Cash payments for future contracts, forward contracts, option contracts and swap contracts | 0 | |||||
| Cash receipts from future contracts, forward contracts, option contracts and swap contracts | 0 | |||||
| Dividends received | 357000 | |||||
| Interest received | 253822000 | |||||
| Income taxes paid (refund) | 0 | |||||
| Other inflows (outflows) of cash | 0 | |||||
| Net cash flows from (used in) investing activities | 624629000 | |||||
| Cash flows from used in financing activities | ||||||
| Proceeds from changes in ownership interests in subsidiaries | 0 | |||||
| Payments from changes in ownership interests in subsidiaries | 0 | |||||
| Proceeds from issuing shares | 0 | |||||
| Proceeds from issuing other equity instruments | 0 | |||||
| Payments to acquire or redeem entity's shares | 0 | |||||
| Payments of other equity instruments | 0 | |||||
| Proceeds from exercise of stock options | 0 | |||||
| Proceeds from issuing debentures notes bonds etc | 0 | |||||
| Proceeds from borrowings | 0 | |||||
| Repayments of borrowings | 57477000 | |||||
| Payments of lease liabilities | 0 | |||||
| Dividends paid | 0 | |||||
| Interest paid | 0 | |||||
| Income taxes paid (refund) | 0 | |||||
| Other inflows (outflows) of cash | 0 | |||||
| Net cash flows from (used in) financing activities | -57477000 | |||||
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | -162250000 | |||||
| Effect of exchange rate changes on cash and cash equivalents | ||||||
| Effect of exchange rate changes on cash and cash equivalents | 0 | |||||
| Net increase (decrease) in cash and cash equivalents | -162250000 | |||||
| Cash and cash equivalents cash flow statement at beginning of period | 2592774000 | |||||
| Cash and cash equivalents cash flow statement at end of period | 2430524000 | |||||
Details of Impact of Audit Qualification |
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|---|---|
| Whether results are audited or unaudited | Audited |
| Declaration of unmodified opinion or statement on impact of audit qualification | Statement on impact of audit qualification |
| Auditor's opinion | Disclaimer of opinion |
| Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results | |
| Sr No. | Audit firm's name | Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI | Certificate valid upto | ||
| 1 | GSA & ASSOCIATES LLP | Yes | 28-Feb-2027 | ||
|---|---|---|---|---|---|
Financial details |
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| Sr. | Particulars | Audited Figures (as reported before adjusting for qualifications) | Adjusted Figures (audited figures after adjusting for qualifications) |
| 1 | Turnover / Total income | 1362025000 | 1362025000 |
| 2 | Total Expenditure | 19863795000 | 19863795000 |
| 3 | Net Profit/(Loss) | -18501770000 | -18501770000 |
| 4 | Earnings Per Share | -7.07 | -7.07 |
| 5 | Total Assets | 168411555000 | 168411555000 |
| 6 | Total Liabilities | 207485510000 | 207485510000 |
| 7 | Net Worth | -39073954000 | -39073954000 |
Audit qualification |
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|---|---|---|---|---|---|---|---|
| Sr. | Details of Audit Qualification | Type of Audit Qualification | Frequency of qualification | For Audit Qualification(s) where the impact is quantified by the auditor | For Audit Qualification(s) where the impact is not quantified by the auditor | ||
| Management's Views | (i) Management's estimation on the impact of audit qualification | (ii) If management is unable to estimate the impact, reasons for the same | Auditors' Comments on (i) or (ii) above | ||||
| 1 | Textual Information(1) | Disclaimer of opinion | Repetitive | Textual Information(2) | Textual Information(3) | Textual Information(4) | Textual Information(5) |
| 2 | Textual Information(6) | Disclaimer of opinion | Repetitive | Textual Information(7) | Textual Information(8) | Textual Information(9) | Textual Information(10) |
| 3 | Textual Information(11) | Disclaimer of opinion | Repetitive | Textual Information(12) | Textual Information(13) | Textual Information(14) | Textual Information(15) |
| 4 | Textual Information(16) | Disclaimer of opinion | Repetitive | Textual Information(17) | Textual Information(18) | Textual Information(19) | Textual Information(20) |
| 5 | Textual Information(21) | Disclaimer of opinion | Repetitive | Textual Information(22) | Textual Information(23) | Textual Information(24) | Textual Information(25) |
| 6 | Textual Information(26) | Disclaimer of opinion | Repetitive | Textual Information(27) | Textual Information(28) | Textual Information(29) | Textual Information(30) |
| 7 | Textual Information(31) | Disclaimer of opinion | Repetitive | Textual Information(32) | Textual Information(33) | Textual Information(34) | Textual Information(35) |
| 8 | Textual Information(36) | Disclaimer of opinion | Repetitive | Textual Information(37) | Textual Information(38) | Textual Information(39) | Textual Information(40) |
| 9 | Textual Information(41) | Disclaimer of opinion | Repetitive | Textual Information(42) | Textual Information(43) | Textual Information(44) | Textual Information(45) |
| 10 | Textual Information(46) | Disclaimer of opinion | Repetitive | Textual Information(47) | Textual Information(48) | Textual Information(49) | Textual Information(50) |
| 11 | Textual Information(51) | Disclaimer of opinion | Repetitive | Textual Information(52) | Textual Information(53) | Textual Information(54) | Textual Information(55) |
| 12 | Textual Information(56) | Disclaimer of opinion | Repetitive | Textual Information(57) | Textual Information(58) | Textual Information(59) | Textual Information(60) |
| 13 | Textual Information(61) | Disclaimer of opinion | Repetitive | Textual Information(62) | Textual Information(63) | Textual Information(64) | Textual Information(65) |
| 14 | Textual Information(66) | Disclaimer of opinion | Repetitive | Textual Information(67) | Textual Information(68) | Textual Information(69) | Textual Information(70) |
| 15 | Textual Information(71) | Disclaimer of opinion | Repetitive | Textual Information(72) | Textual Information(73) | Textual Information(74) | Textual Information(75) |
Text Block |
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|---|---|
| Textual Information(1) | We have made references to the Resolution Framework (RF) for Unitech group. The company has requested the Honble Supreme Court to grant some concessions and reliefs so that the company is 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 Honble 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 Honble Supreme Court. Accordingly, the impact of the proposed reliefs, concessions etc. have not been considered in the books of accounts. |
| Textual Information(2) | NA |
| Textual Information(3) | NA n |
| Textual Information(4) | The points mentioned herein are informatory in nature and the Management has no further comments to offer on the same |
| Textual Information(5) | Can not be quantified as on the date of our report due to details not available |
| Textual Information(6) | Material uncertainty related to going concern nthe 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. nIn compliance of the directions of the Honble Supreme Court, as contained in Courts order dated 20th January 2020, the Government appointed Board of Directors has requested the Honble Supreme Court to grant certain concessions and reliefs so that the Company is able to fulfil its obligations towards the construction and completion of in-complete projects and meet other liabilities. nThese conditions indicate the existence of material uncertainty that may cast significant doubt about Companys ability to continue as a going concern. The appropriateness of assumption of going concern is critically dependent upon the Companys ability to raise finance and generate cash flows in future to meet its obligations, and also on the final decision of the Honble 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. nConsidering the above, we are unable to express an opinion on this matter. |
| Textual Information(7) | NA |
| Textual Information(8) | NA n |
| Textual Information(9) | The points mentioned herein are informatory in nature and the Management has no further comments to offer on the same. n nThe Management has already stated its position in the Resolution Framework submitted in the Honble Supreme Court on 15.07.2020, followed by updated versions submitted on 05.02.2021 and on 08.08.2022, wherein the Honble Supreme Court has been prayed to grant certain concessions and reliefs so 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 explained in the application filed for submission of the Resolution Framework. The Management is hopeful that as per mandate given by Honble Supreme Court, the company would be able to generate sufficient funds to complete the projects as per timelines notified in the award of contracts and, accordingly, no material uncertainty exists in the Company continuing as a going concern. As such, expressing doubts about the Company as an ongoing concern is rather pre-mature at this stage. |
| Textual Information(10) | Can not be quantified as on the date of our report due to details not available |
| Textual Information(11) | The Management of the Company has not conducted any impairment assessment for the investments made by the erstwhile management in subsidiary companies, joint ventures and associates having aggregate carrying value of Rs. 972,18.09 lakhs, despite of strong indicators existing for impairment assessment, as required by Ind AS 36, Impairment of Assets. In view of non-existence of any impairment study, we are unable to conclude upon the adjustments, if any, that may be required to the carrying value of these investments and its consequential impact on the Audited Standalone Financial Results. |
| Textual Information(12) | NA |
| Textual Information(13) | NA n |
| Textual Information(14) | Unitech Limited has 185 Indian Subsidiary Companies out of which 08 subsidiary Companies had been struck off by the Registrar of Companies, NCT Delhi and Haryana. The Management moved the National Company Law Tribunal (NCLT) for revival of the struck off subsidiaries. As on date, all the subsidiaries have been ordered to be revived. n nM/s Unitech Power Transmission Limited, ceases to be a subsidiary company of M/s Unitech Limited w.e.f 13th March, 2025 in terms of Share Purchase Agreement executed on 11th March, 2025 amongst M/s Unitech Ltd, six subsidiary companies (holding 10 shares each jointly with M/s Unitech Ltd.), M/s Unitech Power Transmission Limited and M/s Auro Infra Private Limited. The Share Purchase Agreement was executed pursuant to the approval of Honble Supreme Court vide its orders dated 11.12.2024 at a price of Rs 5089.00 lakh on as-is-where-is-whatever-is basis. nThe progress in audit of accounts of these 185 subsidiaries is as under: n(a)tStatutory Auditors appointed in respect of 162 Indian subsidiary companies so far and statutory audit in respect of 53 subsidiaries is up to date; n(b)tAppointment of Statutory auditors under progress in case of 10 subsidiaries; n(c)tFor the remaining 13 Subsidiaries, wherein there is a substantial foreign investment, necessary steps are being taken by the Company in this regard. n nAs regards 32 foreign subsidiaries along with Libya Division and 03 foreign JVs, the management has listed down their available details. These are as under: n(a)tAudited Balance Sheets of 04 foreign subsidiaries, 02 foreign JVs, and that of Libya Division are not available with the Company. n(b)tFor rest of the Companies, the last audited available Balance Sheets are those of 31.03.2017 except for two Companies whose available Balance Sheets are those of 31.03.2010 and 31.03.2016. Moreover, it is pertinent to mention that, as per information available to the new management, the Central Investigating Agencies are believed to be engaged with the issues pertaining to these entities. nThe matter regarding investment in Carnoustie Management Pvt Ltd (CMPL) and CIG is under investigations by the Investigating Agencies and the Enforcement Directorate (ED) has issued various attachment orders. The Management has included the transactions with CMPL and CIG as avoidable in the Resolution Framework submitted before the Honble Supreme Court. It is pertinent to mention here that Unitech Limited has also filed an IA in the Honble Supreme Court for the recovery of the investments made in CMPL, which has been heard but the order is awaited. nHowever, keeping in view the investigations being carried out by the ED, approval of the Provisional Attachment Orders (PAOs) by the Adjudicating Authority and the ED having filed Prosecution Complaints before the Special Court under the PMLA, the Company is left with no option but to await the final outcome in these matters. nIn view of the position explained above, it is neither possible nor feasible at this stage to undertake any impairment assessment. The impairment assessment can be got conducted by the company through some expert in accordance with applicable Accounting Standards (Ind As 36), only after having in possession the complete details / documents/ reports etc. |
| Textual Information(15) | Can not be quantified as on the date of our report due to details not available |
| Textual Information(16) | Due to legacy issues inherited from erstwhile management, the company is not having sufficient evidence about the recognition of fair value of the estimated loss allowance on loans and advances given by erstwhile management to subsidiary companies, joint ventures and associates amounting to Rs. 4475,92.28 lakhs and trade receivables from subsidiary companies, joint ventures and associates amounting to Rs. 45,55.06 lakhs as required by Ind AS 109, Financial Instruments. Further, in case of loans given by erstwhile management to unrelated companies / entities amounting to Rs. 60,61.54 lakhs, trade receivables amounting Rs. 325,84.91 lakhs, inter corporate deposit amounting to Rs. 138,53.66 lakhs and security deposits given amounting Rs. 526,92.26 lakhs is also exposed to estimated loss allowance. |
| Textual Information(17) | NA |
| Textual Information(18) | NA |
| Textual Information(19) | All available information/ details/ documents in possession of the Management stand provided to the Statutory Auditors. However, the fair estimation w.r.t. the recognition of fair value of the estimated loss allowance on loans given by the erstwhile management to subsidiary companies, joint ventures and associates and trade receivables from subsidiary companies, joint ventures and associates, is not feasible as of now, because of the ongoing investigations by the ED, and the ED having filed charge-sheets before the Adjudicating Authority under PMLA and the matter being sub-judice. This job will be completed by engagement of experts only after the final verdicts are available from the Honble Court(s). |
| Textual Information(20) | Can not be quantified as on the date of our report due to details not available |
| Textual Information(21) | We draw attention to the details of corporate guarantees issued by the erstwhile management for its subsidiaries and joint ventures. Due to legacy issues inherited from erstwhile management, the company is not having sufficient evidence regarding recognition of fair value of the estimated loss allowance on corporate and bank guarantee given by erstwhile management on behalf of its subsidiary, joint ventures and associates amounting Rs. 1245,30.73 lakhs as required by Ind AS 109, Financial Instruments. We are therefore unable to express an opinion on the fair value of estimated loss allowance on corporate and bank guarantee. |
| Textual Information(22) | NA |
| Textual Information(23) | NA |
| Textual Information(24) | There are a number of secured, unsecured and operational creditors qua the company and its subsidiaries, JVs and other affiliates. Further, the Company and promoters have also given various kinds of Guarantees, including Bank Guarantees and Corporate Guarantees, the lists whereof (to the extent of availability of records), surviving or matured, have been shared with Statutory Auditors. However, it may not be possible to vouchsafe at this stage that these are the only Guarantees given by the Company nThe issues pertaining to secured, unsecured and operational creditors have been covered in Chapter -3 of the Resolution Framework (RF). Apart from seeking various reliefs and concessions qua such creditors, the RF also contains a provision on invitation of Claims and settlement thereof (3.2). These issues have yet not been adjudicated by the Honble Supreme Court. Hence, it is neither possible nor feasible at this stage to undertake any impairment assessment of secured creditors, and/ or Corporate Guarantees till these related issues are crystallized and settled by the Honble Supreme Court. Likewise, some of the investments/ advances made by the company are a subject matter of investigations being conducted by various Central Investigating Agencies. |
| Textual Information(25) | Can not be quantified as on the date of our report due to details not available |
| Textual Information(26) | The Management of the Company has not conducted any impairment assessment for the investments made and advances given for purchase of land by the erstwhile management in unrelated companies / entities having aggregate carrying value of Rs. 614,88.20 lakhs and Rs. 312,90.99 lakhs respectively, despite of strong indicators existing for impairment assessment, as required by Ind AS 36, Impairment of Assets. In view of non-existence of any impairment study, we are unable to express an opinion upon the adjustments, if any, that may be required to the carrying value of these investments and its consequential impact on the Standalone Financial Statements |
| Textual Information(27) | NA |
| Textual Information(28) | NA |
| Textual Information(29) | As already stated, various issues (including the investments made and advances given for purchase of land by the erstwhile management in unrelated companies/ entities) as mentioned in Resolution Framework have yet not been adjudicated by the Honble Supreme Court. Hence, it is neither possible nor feasible at this stage to undertake any impairment assessment of investments made and advances given for purchase of land by the erstwhile management till these related issues are crystallized and settled by the Honble Supreme Court. Likewise, some of the investments/ advances made by the company are a subject matter of investigations being conducted by various Central Investigating Agencies. |
| Textual Information(30) | Can not be quantified as on the date of our report due to details not available |
| Textual Information(31) | Balance of amounts due to / from trade receivables, trade payables (including MSME Vendors), bank balances, borrowings, advance received from customers, advance to suppliers, security deposits, other loans and advances, advance for purchase of land, inter corporate deposits and other assets are pending for reconciliation / confirmation. The overall impact of the above and the consequential impact of same on Standalone Financial Results are not ascertainable and hence, we are unable to express an opinion on the same. |
| Textual Information(32) | NA |
| Textual Information(33) | NA |
| Textual Information(34) | It is stated that as per Standards on Auditing (SA)-505 prescribed by the Institute of Chartered Accountants of India (ICAI), the process of external confirmation is to be initiated by the Statutory Auditors for directly obtaining the evidence from the confirming parties at their level. However, the Management would initiate and follow-up on this exercise keeping the Statutory Auditors in loop with respect to the outstanding balances as on 31.03.2025. It would therefore be appropriate that the Statutory Auditors take up external confirmations based on random sampling basis since obtaining confirmation from all the parties would be a time-consuming exercise. |
| Textual Information(35) | Can not be quantified as on the date of our report due to details not available |
| Textual Information(36) | Amount recoverable from GNIDA amounting Rs. 183,39.80 lakhs is subject to confirmation/ reconciliation. In view of absence of the reconciliation, we are unable to conclude on the consequential impact of same on standalone financial results. |
| Textual Information(37) | NA |
| Textual Information(38) | NA |
| Textual Information(39) | It is a statement of fact that the said balance is subject to confirmation/ reconciliation. Attention in this behalf is invited to the Orders dated 01.02.2023 of the Honble Supreme Court wherein it has been held that the determination of dues of Noida, (including those of GNIDA) would be taken up separately after hearing the Government appointed Board and the Authorities. nThe latest progress with regard to the issues pending between Noida and Greater Noida Authorities and Unitech Group, is that the Honble Supreme Court, vide its order dated 18.12.2024, requested Honble Justice (Retd.) Abhay Manohar Sapre, a former Judge of the Supreme Court, to make an attempt to amicably resolve the issues of outstanding dues and possession of allotted land between Noida/ Greater Noida Authorities and the Unitech. Pursuant thereto, meetings have been held at the level of Justice (Retd.) A.M. Sapre wherein some of the issues have been partially resolved. However, there has been no progress on the issue of outstanding dues. The Honble Supreme Court, vide its latest orders dated 21.05.2025, has directed NOIDA to submit its claims before the Court within four weeks. The Unitech Ltd. may submit its counter reply within two weeks thereafter. Post this application on 21.08.2025 for final determination and quantification of dues payable by Unitech Ltd. to NOIDA. |
| Textual Information(40) | Can not be quantified as on the date of our report due to details not available |
| Textual Information(41) | Variation of Rs. 9,34.15 lakhs has been observed between balance lying with Supreme Court registry and books of accounts and the same is under reconciliation. In view of absence of the reconciliation, we are unable to express an opinion on the consequential impact of same on standalone financial statements. |
| Textual Information(42) | NA |
| Textual Information(43) | NA |
| Textual Information(44) | The variations amounting to Rs 934.15 lakhs were observed between the Balance as per books of Accounts vis--vis as per Supreme Courts Registry in Financial Year 2022-23. It has been taken up with the Supreme Court Registry repeatedly and will be reconciled as soon as the relevant information is received from the Registry. |
| Textual Information(45) | Can not be quantified as on the date of our report due to details not available |
| Textual Information(46) | A) Statutory dues related to Income-tax Act, 1962 amounting Rs. 79,29.00 lakhs, Professional Tax amounting Rs. 0.59 Lakhs, Employees Provident Funds and Miscellaneous Provisions Act, 1952 amounting to Rs. 24,42.87 Lakhs pertaining to the period of erstwhile management, are unpaid since long. In view of non-payment of statutory dues, possibility of levies, some penalties by the respective departments cannot be ruled out. On account of the above, we are unable to express an opinion on the consequential impact of same on standalone financial statements. n nB) In certain cases, in respect of default in repayment of public deposits accepted by erstwhile management. As per the financial books, principal amount of deposit accepted for Rs. 529,12.98 lakhs is overdue for repayment. The Company has not created any provision for interest payable during the period ended 31st March 2025 amounting Rs. 64,56.39 lakhs (accumulated unaccounted interest is Rs. 547,78.53 lakhs) taking a clue from the directions of the Honble Supreme Court from time to time issued for payment of the Principal Amount to the HD holders, as explained by the management. In our opinion, losses of the Company and value of public deposits are understated to extent of Rs. 547,78.53 lakhs subject to a final decision of the Honble supreme Court in the matter. n nC)Input credit receivable (GST) of Rs. 63,26.91 lakhs is subject to reconciliation with the balance of input credit claimable from GST department (in GST portal). In view of absence of the reconciliation, we are unable to express an opinion on the consequential impact of same on Audited Standalone Financial Statements. n |
| Textual Information(47) | NA |
| Textual Information(48) | NA |
| Textual Information(49) | A) The Government appointed Board of Directors has already submitted its Resolution Framework (RF) before the Honble Supreme Court on 16.07.2020, followed by updated versions dated 02.05.2021 and 08.08.2022, wherein the Company has sought various reliefs on account of penalties, interest liabilities etc., among others, due to be paid by the company to the Statutory Authorities, Banks, Financial Institutions etc. nSince a definite view on various reliefs sought in the RF is yet to be taken by the Honble Supreme Court, it is not feasible at this stage to assess the overall impact of its outstanding statutory liabilities. nHowever, the New Management is committed to make the company compliant in terms of various provisions contained in the Companies Act 2013 and other related Acts, Rules, Regulations etc. In the latest progress, it is intimated that Honble Supreme Court vide its orders dated 5th March,2025/ 17th March,2025 directed the Registry to release the amount of Rs. 23,04,97,766/- towards deposit of TDS in respect of ex-employees/ other employees for five Financial Years (2015-16 to 2019-20) under section 192 of Income Tax Act, 1961. The company has deposited the amount in 05 different challans, filed correction statements and complied with the directions issued by the Honble Court by 31st March, 2025. n nB) This issue has duly been explained in Chapter 8 of the Resolution Framework (RF) submitted to the Honble Supreme Court and the Company shall take action as per the directions of the Honble Court in this behalf. The New Management neither processes any such case nor is it authorized to do so till the Honble Supreme Court takes a decision in this matter. nIt is, however, clarified that disbursement to some of the fixed deposit holders (Sr. Citizens on a pro-rata basis) has been made through the Ld. Amicus Curie on the directions of the Honble Supreme Court issued from time to time in the past. The details of amount disbursed to the FD holders directly from the Registry have been received in the Company on 22.11.2022 and the amount of disbursal is being captured in the books of accounts and reconciled. nFurther refund of another amount of Rs. 19.02 Crore has been approved by the Honble Supreme Court vide its various orders for refund of principal amount of FDs to the depositors on grounds of Medical Exigencies. As on 31.03.2025, the Company has already released an amount of Rs. 18.07 Cr. to 633 out of 713 FD holders. The remaining cases are pending for want of receipt of requisite papers from the concerned Depositors. nAs such, out of a principal amount of Rs. 579.92 Crore in deposits in the FDs, an amount of Rs. 50.79 Crore stands refunded in terms of orders issued by the Honble Supreme Court from time to time. n nC) Due to various litigations, notices from GST Department, non-availability of old data/ records and non-compliances during the period of erstwhile management, cancellations and restorations of various GST Numbers and other complex issues, there are serious difficulties in completing the reconciliation process. nDespite various challenges, the Reconciliation Process has been initiated during FY 2024-25. The Input Tax Credit is being claimed in GSTR-3B on monthly basis as per GSTR -2B and the reconciliation will be completed at the time of filing of Annual Return. |
| Textual Information(50) | Can not be quantified as on the date of our report due to details not available |
| Textual Information(51) | In view of the instances of non-compliance with certain debt covenants including interest & principal repayment defaults, we would like to draw attention to the fact that the Company has not obtained the balance confirmations on loans from lenders (including non-convertible debentures) amounting to Rs. 10088,38.71 lakhs (including interest accrued of Rs. 6645,97.71 lakhs). In the absence of adequate and sufficient audit evidence to establish the amounts payable to the lenders, we are unable to express an opinion on the correctness of these amounts reflected in the standalone financial statement and also on their consequential impact including potential tax liabilities. |
| Textual Information(52) | NA |
| Textual Information(53) | NA |
| Textual Information(54) | The total financial liability of Unitech Group has been captured in Annexure C of the Resolution Framework (RF) submitted before the Honble Supreme Court. nA total of 19 lenders, including Banks and ARCs have filed 65 cases in various DRTs, namely, New Delhi (DRT-1), Chandigarh, Chennai, Kolkata, Mumbai, Lucknow and Allahabad. In view of the moratorium granted by the Honble Supreme Court, all these cases have been ordered to be adjourned sine die. nVarious lenders have also filed IAs in the Honble Supreme Court, which are pending consideration. Since the matter has already been covered in the Resolution Framework, the determination and final payment of principal amount and/ or interest thereon shall be made only in accordance with the decision of the Honble Supreme Court in this behalf. However, the Honble Supreme Court vide its order dated 16.01.2025 has asked the applicant-banks/ financial institutions to engage in dialogue with the Management of Unitech Limited and explore the possibility of One Time Settlement (OTS) in furtherance of the interest of the parties. nThe company is providing for interest payable to Banks/ Financial Institutions based on the loan statements to the extent available and the balances are matching with statements. As far as process of confirmation of balances is concerned, it is stated that as per Standards on Auditing (SA)-505, prescribed by the Institute of Chartered Accountants of India (ICAI), the process of external confirmation is to be initiated by the Statutory Auditors for directly obtaining the evidence from the confirming parties at their level. |
| Textual Information(55) | Can not be quantified as on the date of our report due to details not available |
| Textual Information(56) | Non-compliance of provisions of Indian Accounting Standards IND AS as prescribed under Section 133 of the Companies Act, 2013: - n na) Revenue from real estate projects (IND AS 115) n nThe Company is accounting for revenue under real estate projects using percentage of completion method (POCM) with an understanding that performance obligations are satisfied over time whereas, the terms of the agreements entered by the Company with buyers of the property does not satisfy the conditions specified in paragraph 35 of Indian Accounting Standard 115 revenue from contracts with customers in all the cases. |
| Textual Information(57) | NA |
| Textual Information(58) | NA |
| Textual Information(59) | (A). The Company recognizes revenue over time if one of the following criteria of Paragraph 35 of Ind AS 115 is met, particularly 35 (c), 36 and 37, as given below: n (i) Paragraph 35(c): the entitys performance does not create an asset with an alternative use to the entity (paragraph 36) and the entity has an enforceable right to payment for performance completed to date (paragraph 37). n (ii) Paragraph 36: An asset created by an entitys performance does not have an alternative use to an entity if the entity is either restricted contractually from readily directing the asset for another use during the creation or enhancement of that asset or limited practically from readily directing the asset in its completed state for another use. The assessment of whether an asset has an alternative use to the entity is made at contract inception nAfter contract inception, an entity shall not update the assessment of the alternative use of an asset unless the parties to the contract approve a contract modification that substantively changes the performance obligation. n (iii) Paragraph 37: - An entity shall consider the terms of the contract, as well as any laws that apply to the contract, when evaluating whether it has an enforceable right to payment for performance completed to date in accordance with paragraph 35(c). The right to payment for performance completed to date does not need to be for a fixed amount. However, at all times throughout the duration of the contract, the entity must be entitled to an amount that at least compensates the entity for performance completed to date if the contract is terminated by the customer or another party for reasons other than the entitys failure to perform as promised. n n(B)tFollowing points are also considered by the company at the time of Revenue Recognition of revenue under POCM: n(i)tThe company has an enforceable right to claim the payment from Customer for the performance completed which has been agreed by customers in the Agreements to Sell (Builders-Buyer Agreements). n(ii)tThe Company cannot change or substitute the residential/ commercial unit specified in the Builder-Buyer Agreement (The contract) entered with the customer, and thus the customer could enforce his/ her rights to the residential/ commercial unit if the Company sought to direct the asset for another use. In the opinion of the Management of the Company, the contractual restriction is substantive, and the real estate unit does not have an alternative use to the Company. n(iii)tFurther, the Company has the right to claim the installments of the Residential/ Commercial properties from the buyers based on the milestones given in Builder Buyers Agreement and in case of defaults by the customers, said unit is not freely transferrable to another customer. The unit is not available for alternate use of the Company until cancelled. n(iv)tIn certain cases, buyers of the property have availed bank finance against the property purchased by them and the Company has entered into the Tripartite Agreement. Under this arrangement, the Company has given all original documents to the Bank. It indicates that the Company is not having any alternate use of the property sold to the buyer and the buyers have full right over the property purchased from the Company till the time, the buyers commit any breach towards the bank and / or do not repay the dues to the Bank in full or in part and/or the buyers commit breach of agreement with the Company. n n(C)tCustomer i.e. buyer of the unit is the beneficial owner of the unit purchased from the Company and is entitled to avail the loan from Banks. In the event of defaults by Customer in repayment of any installment, the Company has the right to cancel the allotment and forfeit the entire amount of Earnest Money deposited by the Allottees and the allottee shall be left with no right or lien on said property and the developer i.e. Company shall be free to sell the same to any other person in its sole discretion as it may deem fit. nIn the opinion of the Company, customer i.e. buyer of the unit is the beneficial owner of the unit purchased till the time of cancellation of the allotment of the unit on account of defaults in payment schedule of the installments agreed in Builder Buyers agreement. n(D)tWe have relied on the clarification issued by ICAI on 20th July 2018 w.r.t. Revenue from Contracts in context of Real Estate Sector wherein it was clarified that Ind AS 115 does allow recognition of revenue using Percentage of Completion Method (POCM). n n(E)tPrior to FY 2020-21, there was no qualification on revenue recognition under POCM by the earlier statutory auditor. |
| Textual Information(60) | Can not be quantified as on the date of our report due to details not available |
| Textual Information(61) | A) Reconciliation of sub-ledger records for advance received from homebuyers and trade receivables is in progress. In view of absence of the reconciliation, we are unable to express an opinion on the consequential impact of same on Audited Standalone Financial Statements. n nB) Other current assets includes Amount incurred in project in progress (on which revenue is not recognised) amounting Rs. 9159,03.18 lakhs. No provision has been for onerous project, if any. As explained to us the Company is in the process of identifying onerous project and provision shall be created after identification of such contracts. As explained to us, due to legacy issues, as inherited from erstwhile management, the company is not having details with regard to project wise cost incurred during the tenure of erstwhile management. n nC) There are certain projects wherein physical possession of the units has already been handed over to the homebuyers but the projects are still appearing under Project in Progress. Due to aforesaid, project in progress and Advance received from customers is overstated. The management is in the process of estimating the impact of the same. Due to the absence of the details, we are unable to express an opinion on the accuracy of project in progress and Advance received from customers and its consequential impact on standalone financial results. |
| Textual Information(62) | NA |
| Textual Information(63) | NA |
| Textual Information(64) | A) The Commercial Division and the IT Division have complete data available on the amount received from the customers and the balance receivables from them in respect of each of the units sold. As a matter of fact, the customers are also being allowed access to their individual Accounts Ledgers in a phased manner as the management raises demands for balance payments on an ongoing basis as per the Revised Payment Plan approved by the Honble Supreme Court. nAs a step towards Reconciliation, the Management is getting about all the 16,000 odd files audited and the assignment has already been given to a professional firm. Once the scrutiny of files is completed, the issue of reconciliation can be addressed. It is a time-consuming exercise and the reconciliation process will be initiated in a phased manner as soon as the audited details are completed and made available. As a matter of fact, the exercise has already been completed in respect of three Projects and the required corrections simultaneously being made in the customer database. nB) There are about 17,700 homebuyers across 74 residential and 10 commercial projects where construction had been lying stalled/ at various stages of constructions. These units are to be completed and handed over to the homebuyers. The entire exercise is being carried out under the overall guidance and supervision of the Honble Supreme Court. As such, the Management will be in a position to assess the impact thereof only in due course of time after the Projects are completed and handed over. nMoreover, the Company is in the process of identification of onerous projects, based on the Lease Deeds/ Licenses of the various projects covered under One Particular License/ Lease Deed. The company is hopeful to sell unsold properties at current market value, which would cover substantial portion of the deficit of onerous projects by the surplus projects covered under one Lease Deed/ License. nC) There are about 17,700 homebuyers across 74 residential and 10 commercial projects where construction had been lying stalled/ at various stages of constructions. These units are to be completed and handed over to the homebuyers. The entire exercise is being carried out under the overall guidance and supervision of the Honble Supreme Court. As such, the Management will be in a position to assess the impact thereof only in due course of time after the Projects are completed and handed over. |
| Textual Information(65) | Can not be quantified as on the date of our report due to details not available |
| Textual Information(66) | The Company has conducted physical verification of its property plant and equipment & unsold flats and the reconciliation of the same with books of accounts is in progress. In absence of the reconciliation, we are unable to comment upon the discrepancy between book records and physical counts, if any and its consequential impact of the financial results. |
| Textual Information(67) | NA |
| Textual Information(68) | NA |
| Textual Information(69) | The Company has initiated a series of steps for getting the physical verification done through the Companys existing staff. Although a substantial portion of physical verification has been covered, the reconciliation part, however, remains pending, which is likely to be completed in the next about 6 months time. It is submitted that after the reconciliation part is completed, the physical verification on year-end basis in future would be conducted regularly to have proper control and to address the observations of the Statutory Auditors. |
| Textual Information(70) | Can not be quantified as on the date of our report due to details not available |
| Textual Information(71) | The Company has 2,041 litigation pending in Honble Supreme Court of India. Based on the explanation provided by the Company, considering the number of litigations pending, it is not possible for the Company to compute the possible impact of the same. In view of above, we are unable to express an opinion on the accounting of potential liability on account of pending case and completeness of disclosure of contingent liability made by the company in the standalone financial statements. |
| Textual Information(72) | NA |
| Textual Information(73) | NA |
| Textual Information(74) | The financial impact of litigations can be ascertained only after the final verdict is pronounced by the Honble Supreme Court/ various forums on all the litigations. |
| Textual Information(75) | Can not be quantified as on the date of our report due to details not available |
Signatories detail |
|
|---|---|
| Name of CEO / Managing director | Sh. Yudhvir Singh Malik |
| Name of CFO | Sh. Tajinder Pal Singh Madan |
| Name of audit committee chairman | Dr. Girish Kumar Ahuja |
| Name of statutory auditor | Ms. Anshu Gupta |
| Name of other signatory, if any, with designation | Sh. Jitendra Mohandas Virwani, Director, Sh.Prabhakar Singh, Director, Ms. Uma Shankar, Director, Sh. A. K Yadav, Chief Executive Officer and Ms. Anuradha Mishra, Company Secretary |
| Place | Gurgaon |
| Date | 29-May-2025 |
Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter) |
| Sr No. | Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken. | ||||||||||||||||||||||||
| Details of the party (listed entity/subsidiary) entering into the transaction | Details of the counterparty | Type of related party transaction | Details of other related party transaction | Value of the related party transaction as approved by the audit committee | Remarks on approval by audit committee | Value of the related party transaction ratified by the audit committee | Date of Audit Committee Meeting where the ratification was approved | Value of transaction during the reporting period | In case monies are due to either party as a result of the transaction | In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments | Details of the loans, inter-corporate deposits, advances or investments | Notes | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Name | PAN | Name | PAN | Relationship of the counterparty with the listed entity or its subsidiary | Opening balance | Closing balance | Nature of indebtedness (loan/ issuance of debt/ any other etc.) | Details of other indebtedness | Cost | Tenure | Nature (loan/ advance/ intercorporate deposit/ investment ) | Interest Rate (%) | Tenure | Secured/ unsecured | Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage) | ||||||||||
| 1 | Unitech Limited | Unitech Limited.LG Construction Co. Limited | Association of Person | Interest received | NA | 305000 | 0 | 0 | |||||||||||||||||
| 2 | Unitech Limited | Aditya Properties Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | 0 | 761700000 | 761700000 | ||||||||||||||||
| 3 | Unitech Limited | Amarprem Estates Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -91000 | 57257000 | 57165000 | ||||||||||||||||
| 4 | Unitech Limited | Arcadia Projects Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -8000 | 7569000 | 7561000 | ||||||||||||||||
| 5 | Unitech Limited | Abohar Builders Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | 0 | 327000 | 327000 | ||||||||||||||||
| 6 | Unitech Limited | Akola Properties Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -5000 | 151000 | 146000 | ||||||||||||||||
| 7 | Unitech Limited | Algoa Properties Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | 0 | 95000 | 95000 | ||||||||||||||||
| 8 | Unitech Limited | Aller Properties Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | 0 | 149000 | 149000 | ||||||||||||||||
| 9 | Unitech Limited | Amur Developers Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -11000 | 484000 | 473000 | ||||||||||||||||
| 10 | Unitech Limited | Andes Estates Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -1000 | 244000 | 243000 | ||||||||||||||||
| 11 | Unitech Limited | Askot Builders Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | 0 | 288000 | 288000 | ||||||||||||||||
| 12 | Unitech Limited | Alor Golf Course Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -56000 | 139000 | 83000 | ||||||||||||||||
| 13 | Unitech Limited | Aswan Developers Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | 0 | 0 | 0 | ||||||||||||||||
| 14 | Unitech Limited | Alor Projects Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -6000 | 194000 | 188000 | ||||||||||||||||
| 15 | Unitech Limited | Amaro Developers Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -5000 | 198000 | 193000 | ||||||||||||||||
| 16 | Unitech Limited | Bengal Unitech Universal Infrastructure Private Limited | Subsidiary Company | Any other transaction | Advance Taken | 400000000 | Approved | -120762000 | 1952559000 | 1831796000 | |||||||||||||||
| 17 | Unitech Limited | Bengal Unitech Universal Townspace Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -5000 | 305000 | 300000 | ||||||||||||||||
| 18 | Unitech Limited | Broomfield Developers Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | 0 | 287000 | 287000 | ||||||||||||||||
| 19 | Unitech Limited | Bynar Properties Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -12000 | 166000 | 154000 | ||||||||||||||||
| 20 | Unitech Limited | Cape Developers Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | 0 | 296000 | 296000 | ||||||||||||||||
| 21 | Unitech Limited | Clarence Projects Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | 0 | 254000 | 254000 | ||||||||||||||||
| 22 | Unitech Limited | Cordia Projects Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -1000 | 200000 | 199000 | ||||||||||||||||
| 23 | Unitech Limited | Croton Developers Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | 0 | 6218000 | 6218000 | ||||||||||||||||
| 24 | Unitech Limited | Coleus Developers Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | 0 | 3749000 | 3749000 | ||||||||||||||||
| 25 | Unitech Limited | Cardus Projects Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -5000 | 267000 | 262000 | ||||||||||||||||
| 26 | Unitech Limited | Clover Projects Pvt Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -57000 | 102000 | 45000 | ||||||||||||||||
| 27 | Unitech Limited | Deoria Properties Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -8000 | 9470000 | 9462000 | ||||||||||||||||
| 28 | Unitech Limited | Dhruva Realty Projects Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | 0 | 719000 | 719000 | ||||||||||||||||
| 29 | Unitech Limited | Drass Projects Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -56000 | 173000 | 117000 | ||||||||||||||||
| 30 | Unitech Limited | Deoria Realty Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | 0 | 1897000 | 1897000 | ||||||||||||||||
| 31 | Unitech Limited | Dantas Properties Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -5000 | 687000 | 682000 | ||||||||||||||||
| 32 | Unitech Limited | Dibang Properties Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -5000 | 572000 | 567000 | ||||||||||||||||
| 33 | Unitech Limited | Devon Builders Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -17000 | 137000 | 120000 | ||||||||||||||||
| 34 | Unitech Limited | Dhaulagiri Builders Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -61000 | 189000 | 128000 | ||||||||||||||||
| 35 | Unitech Limited | Erica Projects Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | 0 | 281000 | 281000 | ||||||||||||||||
| 36 | Unitech Limited | Elbrus Developers Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | 0 | 2508000 | 2508000 | ||||||||||||||||
| 37 | Unitech Limited | Elbrus Builders Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -55000 | 7397000 | 7342000 | ||||||||||||||||
| 38 | Unitech Limited | Flores Properties Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -11000 | 273000 | 262000 | ||||||||||||||||
| 39 | Unitech Limited | Flores Projects Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -16000 | 1746000 | 1730000 | ||||||||||||||||
| 40 | Unitech Limited | Global Perspectives Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -8000 | 310566000 | 310558000 | ||||||||||||||||
| 41 | Unitech Limited | Greenwood Projects Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -5000 | 380000 | 375000 | ||||||||||||||||
| 42 | Unitech Limited | Grandeur Real Tech Developers Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -11000 | 8219000 | 8208000 | ||||||||||||||||
| 43 | Unitech Limited | Havelock Realtors Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -42000 | 139000 | 97000 | ||||||||||||||||
| 44 | Unitech Limited | Harsil Builders Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | 0 | 64000 | 64000 | ||||||||||||||||
| 45 | Unitech Limited | Havelock Estates Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -5000 | 1993000 | 1988000 | ||||||||||||||||
| 46 | Unitech Limited | Halley Developers Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -11000 | 276000 | 265000 | ||||||||||||||||
| 47 | Unitech Limited | Hassan Properties Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -6000 | 189000 | 183000 | ||||||||||||||||
| 48 | Unitech Limited | Halley Projects Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | 0 | 250000 | 250000 | ||||||||||||||||
| 49 | Unitech Limited | Jorhat Properties Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -50000 | 118000 | 68000 | ||||||||||||||||
| 50 | Unitech Limited | Jalore Properties Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -57000 | 172000 | 116000 | ||||||||||||||||
| 51 | Unitech Limited | Konar Developers Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -1000 | 10418000 | 10417000 | ||||||||||||||||
| 52 | Unitech Limited | Kerria Projects Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -1000 | 156000 | 155000 | ||||||||||||||||
| 53 | Unitech Limited | Landscape Builders Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -19000 | 13213000 | 13195000 | ||||||||||||||||
| 54 | Unitech Limited | Lavender Developers Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | 0 | 170000 | 170000 | ||||||||||||||||
| 55 | Unitech Limited | Masla Builders Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -5000 | 13348000 | 13343000 | ||||||||||||||||
| 56 | Unitech Limited | Medlar Developers Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -52000 | 52611000 | 52559000 | ||||||||||||||||
| 57 | Unitech Limited | Moore Builders Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | 0 | 537000 | 537000 | ||||||||||||||||
| 58 | Unitech Limited | Manas Realty Projects Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | 49962000 | -4180000 | 45782000 | ||||||||||||||||
| 59 | Unitech Limited | Mansar Properties Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | 0 | 892000 | 892000 | ||||||||||||||||
| 60 | Unitech Limited | Medwyn Builders Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -1000 | 183000 | 182000 | ||||||||||||||||
| 61 | Unitech Limited | Madison Builders Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | 0 | 389000 | 389000 | ||||||||||||||||
| 62 | Unitech Limited | Moonstone Projects Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -11000 | 148880000 | 148869000 | ||||||||||||||||
| 63 | Unitech Limited | New India Construction Co Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -54000 | 19093000 | 19039000 | ||||||||||||||||
| 64 | Unitech Limited | Nacre Gardens Hyderabad Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -23000 | 645075000 | 645052000 | ||||||||||||||||
| 65 | Unitech Limited | Onega Properties Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | 0 | 1379000 | 1379000 | ||||||||||||||||
| 66 | Unitech Limited | Plassey Builders Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -6000 | 188000 | 182000 | ||||||||||||||||
| 67 | Unitech Limited | Primrose Developers Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -12000 | 197000 | 185000 | ||||||||||||||||
| 68 | Unitech Limited | Purus Properties Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | 0 | 925000 | 925000 | ||||||||||||||||
| 69 | Unitech Limited | Purus Projects Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -58000 | 630000 | 572000 | ||||||||||||||||
| 70 | Unitech Limited | Quadrangle Estates Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -7000 | 223000 | 216000 | ||||||||||||||||
| 71 | Unitech Limited | Qns Facility Management Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | 11797000 | 952928000 | 964725000 | ||||||||||||||||
| 72 | Unitech Limited | Robinia Developers Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -2000 | 216000 | 214000 | ||||||||||||||||
| 73 | Unitech Limited | Rhine Infrastructures Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -51000 | 145000 | 94000 | ||||||||||||||||
| 74 | Unitech Limited | Supernal Corrugation (India) Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -5000 | 29612000 | 29607000 | ||||||||||||||||
| 75 | Unitech Limited | Sanyog Builders Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -14000 | 97000 | 83000 | ||||||||||||||||
| 76 | Unitech Limited | Sankoo Builders Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | 0 | 563000 | 563000 | ||||||||||||||||
| 77 | Unitech Limited | Sublime Properties Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | 0 | 358000 | 358000 | ||||||||||||||||
| 78 | Unitech Limited | Simpson Estates Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -2000 | 231000 | 229000 | ||||||||||||||||
| 79 | Unitech Limited | Sanyog Properties Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -123000 | 199000 | 76000 | ||||||||||||||||
| 80 | Unitech Limited | Sublime Developers Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | 0 | 32173000 | 32173000 | ||||||||||||||||
| 81 | Unitech Limited | Sandwood Builders & Developers Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | 0 | 238000 | 238000 | ||||||||||||||||
| 82 | Unitech Limited | Tabas Estates Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | 0 | 391000 | 391000 | ||||||||||||||||
| 83 | Unitech Limited | Unitech Builders Limited. | Subsidiary Company | Any other transaction | Advance Taken | NA | -49000 | 20159000 | 20110000 | ||||||||||||||||
| 84 | Unitech Limited | Unitech Industries Limited. | Subsidiary Company | Any other transaction | Advance Taken | NA | -140000 | 6328000 | 6188000 | ||||||||||||||||
| 85 | Unitech Limited | Unitech Business Park Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | 0 | 94857000 | 94857000 | ||||||||||||||||
| 86 | Unitech Limited | Unitech Developers & Hotels Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -66000 | 57058000 | 56992000 | ||||||||||||||||
| 87 | Unitech Limited | Unitech Real Estate Builders Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -5000 | 78713000 | 78708000 | ||||||||||||||||
| 88 | Unitech Limited | Unitech Agra Hi Tech Township Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -51000 | 47958000 | 47907000 | ||||||||||||||||
| 89 | Unitech Limited | Unitech Infra Properties Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -17000 | 191000 | 174000 | ||||||||||||||||
| 90 | Unitech Limited | Unitech Buildwell Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -53000 | 6418000 | 6365000 | ||||||||||||||||
| 91 | Unitech Limited | Unitech Hospitality Services Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -7085000 | 339475000 | 332390000 | ||||||||||||||||
| 92 | Unitech Limited | Unitech Realty Developers Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | 0 | 63073000 | 63073000 | ||||||||||||||||
| 93 | Unitech Limited | Unitech Hyderabad Projects Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -9000 | 7094000 | 7085000 | ||||||||||||||||
| 94 | Unitech Limited | Unitech High Vision Projects Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -12000 | 35000 | 23000 | ||||||||||||||||
| 95 | Unitech Limited | Unitech Alice Projects Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | 0 | 343000 | 343000 | ||||||||||||||||
| 96 | Unitech Limited | Unitech Samus Projects Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -1000 | 339000 | 338000 | ||||||||||||||||
| 97 | Unitech Limited | Unitech Konar Projects Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | 0 | 172000 | 172000 | ||||||||||||||||
| 98 | Unitech Limited | Unitech Miraj Projects Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -53000 | 94000 | 41000 | ||||||||||||||||
| 99 | Unitech Limited | Unitech Colossal Projects Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -57000 | 505000 | 448000 | ||||||||||||||||
| 100 | Unitech Limited | Unitech Hotels & Projects Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -58000 | 191000 | 133000 | ||||||||||||||||
| 101 | Unitech Limited | Unitech Ardent Projects Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -7000 | 234685000 | 234678000 | ||||||||||||||||
| 102 | Unitech Limited | Unitech Industries & Estate Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -87000 | 460000 | 373000 | ||||||||||||||||
| 103 | Unitech Limited | Unitech Infra Developers Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -67000 | 9835000 | 9768000 | ||||||||||||||||
| 104 | Unitech Limited | Unitech Hotel Service Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -57000 | 156000 | 99000 | ||||||||||||||||
| 105 | Unitech Limited | Uni Homes Pvt.Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -52000 | 229000 | 177000 | ||||||||||||||||
| 106 | Unitech Limited | Unitech Valdel Hotels Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -6000 | 266000 | 260000 | ||||||||||||||||
| 107 | Unitech Limited | Zanskar Realtors Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -5000 | 9629000 | 9624000 | ||||||||||||||||
| 108 | Unitech Limited | Zanskar Builders Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -6000 | 2735000 | 2729000 | ||||||||||||||||
| 109 | Unitech Limited | Zanskar Realty Private Limited | Subsidiary Company | Any other transaction | Advance Taken | NA | -51000 | 9938000 | 9887000 | ||||||||||||||||
| 110 | Unitech Limited | Arcadia Build-Tech Limited | Subsidiary Company | Advance | NA | 1000 | 206000 | 207000 | |||||||||||||||||
| 111 | Unitech Limited | Ardent Build-Tech Limited | Subsidiary Company | Advance | NA | 83000 | 289000 | 372000 | |||||||||||||||||
| 112 | Unitech Limited | Angul Properties Private Limited | Subsidiary Company | Advance | NA | 0 | 6000 | 6000 | |||||||||||||||||
| 113 | Unitech Limited | Arahan Properties Private Limited | Subsidiary Company | Advance | NA | 0 | 10000 | 10000 | |||||||||||||||||
| 114 | Unitech Limited | Alice Builders Private Limited | Subsidiary Company | Advance | NA | 100000 | 41000 | 141000 | |||||||||||||||||
| 115 | Unitech Limited | Azores Properties Limited | Subsidiary Company | Advance | NA | 30000 | 186000 | 216000 | |||||||||||||||||
| 116 | Unitech Limited | Agmon Projects Private Limited | Subsidiary Company | Advance | NA | 0 | 5000 | 5000 | |||||||||||||||||
| 117 | Unitech Limited | Alor Maintenance Private Limited | Subsidiary Company | Advance | NA | 5000 | 35717000 | 35722000 | |||||||||||||||||
| 118 | Unitech Limited | Alice Developers Private Limited | Subsidiary Company | Advance | 300000000 | Approved | 3408000 | 385490000 | 388898000 | ||||||||||||||||
| 119 | Unitech Limited | Bengal Unitech Universal.Siliguri Projects Limited | Subsidiary Company | Advance | NA | 203000 | 1158041000 | 1158244000 | |||||||||||||||||
| 120 | Unitech Limited | Bengal Universal Consultant Private Limited | Subsidiary Company | Advance | NA | 27000 | 37418000 | 37445000 | |||||||||||||||||
| 121 | Unitech Limited | Broomfield Builders Private Limited | Subsidiary Company | Advance | NA | 54000 | 392000 | 446000 | |||||||||||||||||
| 122 | Unitech Limited | Bengal Unitech Hospitality Private Limited | Subsidiary Company | Advance | NA | 5000 | 756000 | 761000 | |||||||||||||||||
| 123 | Unitech Limited | Chintpurni Construction Private Limited | Subsidiary Company | Advance | NA | 7000 | 6000 | 13000 | |||||||||||||||||
| 124 | Unitech Limited | Colossal Projects Private Limited | Subsidiary Company | Advance | NA | 20716000 | 1874841000 | 1895557000 | |||||||||||||||||
| 125 | Unitech Limited | Comfrey Developers Private Limited | Subsidiary Company | Advance | NA | 0 | 79000 | 79000 | |||||||||||||||||
| 126 | Unitech Limited | Crimson Developers Private Limited | Subsidiary Company | Advance | NA | 0 | 1231000 | 1231000 | |||||||||||||||||
| 127 | Unitech Limited | Devoke Developers Private Limited | Subsidiary Company | Advance | NA | 8000 | 586000 | 594000 | |||||||||||||||||
| 128 | Unitech Limited | Elbrus Properties Private Limited | Subsidiary Company | Advance | NA | 0 | 267000 | 267000 | |||||||||||||||||
| 129 | Unitech Limited | Elbe Builders Private Limited | Subsidiary Company | Advance | NA | 50000 | -31000 | 19000 | |||||||||||||||||
| 130 | Unitech Limited | Erebus Projects Private Limited | Subsidiary Company | Advance | NA | 11000 | 1001865000 | 1001876000 | |||||||||||||||||
| 131 | Unitech Limited | Elixir Hospitality Management Limited | Subsidiary Company | Advance | NA | 6000 | 249000 | 255000 | |||||||||||||||||
| 132 | Unitech Limited | Girnar Infrastrucutres Private Limited | Subsidiary Company | Advance | NA | 5000 | 43000 | 48000 | |||||||||||||||||
| 133 | Unitech Limited | Gurgaon Recreation Park Limited | Subsidiary Company | Advance | NA | 5000 | 457777000 | 457782000 | |||||||||||||||||
| 134 | Unitech Limited | Glenmore Builders Private Limited | Subsidiary Company | Advance | NA | 95000 | 7000 | 102000 | |||||||||||||||||
| 135 | Unitech Limited | Havelock Properties Limited | Subsidiary Company | Advance | 150000000 | Approved | 8707000 | 2459008000 | 2467715000 | ||||||||||||||||
| 136 | Unitech Limited | Havelock Investments Limited | Subsidiary Company | Advance | NA | 39000 | 1881000 | 1920000 | |||||||||||||||||
| 137 | Unitech Limited | Hatsar Estates Private Limited | Subsidiary Company | Advance | NA | 50000 | 49000 | 99000 | |||||||||||||||||
| 138 | Unitech Limited | High Strength Projects Private Limited | Subsidiary Company | Advance | NA | 0 | 250000 | 250000 | |||||||||||||||||
| 139 | Unitech Limited | Harsil Properties Private Limited | Subsidiary Company | Advance | NA | 55000 | 4000 | 59000 | |||||||||||||||||
| 140 | Unitech Limited | Khatu Shyam Ji Infraventures Private Limited | Subsidiary Company | Advance | NA | 0 | 32751000 | 32751000 | |||||||||||||||||
| 141 | Unitech Limited | Khatu Shyam Ji Infratech Private Limited | Subsidiary Company | Advance | NA | 0 | 46169000 | 46169000 | |||||||||||||||||
| 142 | Unitech Limited | Lavender Projects Private Limited | Subsidiary Company | Advance | NA | 8000 | 104000 | 112000 | |||||||||||||||||
| 143 | Unitech Limited | Mahoba Schools Limited | Subsidiary Company | Advance | NA | 31000 | 6269000 | 6300000 | |||||||||||||||||
| 144 | Unitech Limited | Mayurdhwaj Projects Private Limited | Subsidiary Company | Advance | NA | 55000 | 159017000 | 159072000 | |||||||||||||||||
| 145 | Unitech Limited | Mahoba Builders Limited | Subsidiary Company | Advance | NA | 19000 | 6842000 | 6861000 | |||||||||||||||||
| 146 | Unitech Limited | Mandarin Developers Private Limited | Subsidiary Company | Advance | NA | 0 | 186000 | 186000 | |||||||||||||||||
| 147 | Unitech Limited | Marine Builders Private Limited | Subsidiary Company | Advance | NA | 5000 | 279000 | 284000 | |||||||||||||||||
| 148 | Unitech Limited | Munros Projects Private Limited | Subsidiary Company | Advance | NA | 0 | 200000 | 200000 | |||||||||||||||||
| 149 | Unitech Limited | Nirvana Real Estate Projects Limited | Subsidiary Company | Advance | NA | 23000 | 832000 | 855000 | |||||||||||||||||
| 150 | Unitech Limited | Panchganga Projects Limited | Subsidiary Company | Advance | NA | 19000 | 7238000 | 7257000 | |||||||||||||||||
| 151 | Unitech Limited | Ruhi Construction Co. Limited | Subsidiary Company | Advance | NA | 5000 | 924000 | 929000 | |||||||||||||||||
| 152 | Unitech Limited | Somerville Developers Limited | Subsidiary Company | Advance | NA | 7000 | 8944000 | 8951000 | |||||||||||||||||
| 153 | Unitech Limited | Sarnath Realtors Limited | Subsidiary Company | Advance | NA | 0 | 63000 | 63000 | |||||||||||||||||
| 154 | Unitech Limited | Sabarmati Projects Private Limited | Subsidiary Company | Advance | NA | 0 | 7000 | 7000 | |||||||||||||||||
| 155 | Unitech Limited | Samay Properties Private Limited | Subsidiary Company | Advance | NA | 0 | 187000 | 187000 | |||||||||||||||||
| 156 | Unitech Limited | Sangla Properties Private Limited | Subsidiary Company | Advance | NA | 49000 | 1886000 | 1935000 | |||||||||||||||||
| 157 | Unitech Limited | Shrishti Buildwell Private Limited | Subsidiary Company | Advance | NA | 0 | 7872000 | 7872000 | |||||||||||||||||
| 158 | Unitech Limited | Shri Khatu Shyam Ji Infrapromoters Private Limited | Subsidiary Company | Advance | NA | 0 | 443000 | 443000 | |||||||||||||||||
| 159 | Unitech Limited | Unitech Holdings Limited | Subsidiary Company | Advance | NA | -242982000 | 275478000 | 32496000 | |||||||||||||||||
| 160 | Unitech Limited | Unitech Hotels Private Limited | Subsidiary Company | Advance | NA | 0 | 77266000 | 77266000 | |||||||||||||||||
| 161 | Unitech Limited | Unitech Realty Private Limited | Subsidiary Company | Advance | NA | -38157000 | 166149000 | 127992000 | |||||||||||||||||
| 162 | Unitech Limited | Unitech Residential Resorts Limited | Subsidiary Company | Advance | NA | 0 | 5166031000 | 5166031000 | |||||||||||||||||
| 163 | Unitech Limited | Unitech Hi-Tech Developers Limited | Subsidiary Company | Advance | 400000000 | Approved | 95166000 | 2493563000 | 2588729000 | ||||||||||||||||
| 164 | Unitech Limited | Unitech Builders & Projects Limited | Subsidiary Company | Advance | NA | 0 | 266000 | 266000 | |||||||||||||||||
| 165 | Unitech Limited | Unitech Reliable Projects Private Limited | Subsidiary Company | Advance | NA | 0 | 100217000 | 100217000 | |||||||||||||||||
| 166 | Unitech Limited | Unitech Kochi Sez Limited | Subsidiary Company | Advance | NA | 0 | 214077000 | 214077000 | |||||||||||||||||
| 167 | Unitech Limited | Unitech Realty Ventures Limited | Subsidiary Company | Advance | NA | 5000 | 60000 | 65000 | |||||||||||||||||
| 168 | Unitech Limited | Unitech Real Estate Management Private Limited | Subsidiary Company | Advance | NA | 4362000 | -3867000 | 495000 | |||||||||||||||||
| 169 | Unitech Limited | Unitech Infopark Limited | Subsidiary Company | Advance | NA | 17000 | 147729000 | 147746000 | |||||||||||||||||
| 170 | Unitech Limited | Unitech Real Tech Properties Private Limited | Subsidiary Company | Advance | NA | 0 | 2397000 | 2397000 | |||||||||||||||||
| 171 | Unitech Limited | Unitech Vizag Projects Limited | Subsidiary Company | Advance | NA | 6000 | 5009035000 | 5009041000 | |||||||||||||||||
| 172 | Unitech Limited | Unitech Cynara Projects Private Limited | Subsidiary Company | Advance | NA | 51000 | 71000 | 122000 | |||||||||||||||||
| 173 | Unitech Limited | Unitech Nelson Projects Private Limited | Subsidiary Company | Advance | NA | 3000 | 198000 | 201000 | |||||||||||||||||
| 174 | Unitech Limited | Unitech Capital Private Limited | Subsidiary Company | Advance | NA | 146000 | 1062000 | 1208000 | |||||||||||||||||
| 175 | Unitech Limited | Unitech Acacia Projects Private Limited | Subsidiary Company | Advance | NA | 3000 | 20471693000 | 20471696000 | |||||||||||||||||
| 176 | Unitech Limited | Unitech Build-Con Private Limited | Subsidiary Company | Advance | NA | 52000 | 150000 | 202000 | |||||||||||||||||
| 177 | Unitech Limited | Unitech Realty Builders Private Limited | Subsidiary Company | Advance | NA | 49000 | 233000 | 282000 | |||||||||||||||||
| 178 | Unitech Limited | Unitech Hitech Builders Private Limited | Subsidiary Company | Advance | NA | 3000 | 246000 | 249000 | |||||||||||||||||
| 179 | Unitech Limited | Unitech Comm & Resi Projects Private Limited | Subsidiary Company | Advance | NA | 1000 | 269000 | 270000 | |||||||||||||||||
| 180 | Unitech Limited | Unitech Infra Limited | Subsidiary Company | Advance | NA | 395000 | 1388000 | 1783000 | |||||||||||||||||
| 181 | Unitech Limited | Unitech Chandra Foundation | Subsidiary Company | Advance | NA | 0 | 300000 | 300000 | |||||||||||||||||
| 182 | Unitech Limited | Unitech Manas Projects Private Limited | Subsidiary Company | Advance | NA | 11000 | 78000 | 89000 | |||||||||||||||||
| 183 | Unitech Limited | Alor Recreation Private Limited | Subsidiary Company | Advance | NA | 52000 | 992000 | 1044000 | |||||||||||||||||
| 184 | Qns Facility Management Private Limited | Glenmore Builders Private Limited | Subsidiary Company | Advance | NA | 1228000 | 367000 | 1595000 | |||||||||||||||||
| 185 | Unitech Limited | Yudhvir Singh Malik | Chairman & Managing Director (Nominee Director) | Remuneration | NA | 2700000 | 0 | 0 | |||||||||||||||||
| 186 | Unitech Limited | Ashok Kumar Yadav | Chief Executive Officer | Remuneration | NA | 2100000 | 0 | 0 | |||||||||||||||||
| 187 | Unitech Limited | Tajinder Pal Singh Madan | Chief Financial Officer | Remuneration | 1500000 | Approved | 1500000 | 0 | 0 | ||||||||||||||||
| 188 | Unitech Limited | Anuradha Mishra | Company Secretary | Remuneration | NA | 662000 | 0 | 0 | |||||||||||||||||
| 189 | Unitech Limited | Girish Kumar Ahuja | Nominee Director | Remuneration | NA | 203000 | 0 | 0 | |||||||||||||||||
| 190 | Unitech Limited | Prabhakar Singh | Nominee Director | Remuneration | NA | 203000 | 0 | 0 | |||||||||||||||||
| 191 | Unitech Limited | Uma Shankar | Nominee Director | Remuneration | NA | 180000 | 0 | 0 | |||||||||||||||||
| Total value of transaction during the reporting period | -205981000 | ||||||||||||||||||||||||
Format for Disclosing Outstanding Default on Loans and Debt Securities |
|||
| Sr. No. | Particulars | Amount | Remarks |
| 1. | Loans / revolving facilities like cash credit from banks / financial institutions | ||
| A | Total amount outstanding as on date | 97390412000 | |
|---|---|---|---|
| B | Of the total amount outstanding, amount of default as on date | 97390412000 | |
| 2. | Unlisted debt securities i.e. NCDs and NCRPS | ||
| A | Total amount outstanding as on date | 6555602000 | |
| B | Of the total amount outstanding, amount of default as on date | 6555602000 | |
| 3. | Total financial indebtedness of the listed entity including short-term and long-term debt | 103946014000 | |