Unitech Extends CEO Ashok Kumar Yadav's Tenure Amid Financial Strain

Gurugram-based realty firm Unitech Ltd has extended the CEO Ashok Kumar Yadav's tenure by one year amid financial challenges. In light of ongoing cash crunch and project delays in Delhi-NCR, the board, reconstituted in 2020 under Supreme Court directive, aims to stabilize operations.

In a strategic move reflective of current challenges, Unitech Ltd's board has extended the tenure of CEO Ashok Kumar Yadav for another year. This decision comes amidst a significant financial crunch that has hindered the firm's housing projects in the Delhi-NCR region.

The board of directors at the Gurugram-based realty firm approved this extension during a meeting held last month, as revealed in their latest regulatory filing. Yadav's extended tenure will commence from February 11, 2026, or remain in effect until further order.

Notably, in 2020, Unitech's board was reconstituted following a Supreme Court directive and was implemented by the Ministry of Corporate Affairs. The board now faces the immense task of navigating Unitech through its current fiscal turmoil while attempting to meet project commitments.