Unitech Nominee Director Uma Shankar Resigns
NEW DELHI: Realty company Unitech Ltd announced on Friday that its nominee director, Uma Shankar, has resigned for personal reasons. According to a regulatory filing, Unitech stated that Shankar, a Non-Executive nominee director, “resigned from the board of the company effective March 7, 2026.” The company expressed regret for the delayed notice of her resignation to the stock exchanges, attributing this to an “unintentional oversight.” The Supreme Court directed the Union government on December 18, 2019, to establish an independent management for Unitech Ltd. In compliance, the Ministry of Corporate Affairs proposed a new board of directors, which the apex…