Giridhar Aramane Appointed as Chairman and Managing Director of Unitech Limited
Unitech Limited announced the appointment of Sh. Giridhar Aramane, IAS (Retd.), as the new Chairman and Managing Director. The appointment, effective from August 25, 2026, comes following the approval of the Hon'ble Supreme Court and the Ministry of Corporate Affairs (MCA) order.Sh. Aramane has been appointed for a period of two years. This position is taken over from Sh. Yudhvir Singh Malik, whose tenure as Chairman and Managing Director concluded on July 20, 2026.
The appointment of Sh. Giridhar Aramane was sanctioned by the Government of India in the Ministry of Corporate Affairs (MCA) via an order dated August 19, 2026. The appointment decision was preceded by an order dated August 17, 2026, passed by the Hon'ble Supreme Court.
Sh. Aramane will receive a remuneration of Rupees five lakhs per month consolidated pay, in addition to company leased accommodation.
Appointment Details
The following table outlines the key details regarding the appointment of Sh. Aramane.| Aspect | Details |
|---|---|
| Appointee | Sh. Giridhar Aramane, IAS (Retd.) |
| Company | Unitech Limited |
| Date of Joining | August 25, 2026 |
| Term of Appointment | Two years |
| Compensation | Rupees five lakhs per month consolidated pay plus company leased accommodation |
Profile of Sh. Giridhar Aramane
Sh. Aramane brings extensive experience in the Indian Administrative Service (IAS). He is an IAS officer of the 1988 batch from the Andhra Pradesh cadre. Throughout his 32 years of experience in the IAS, Mr. Aramane served in various capacities across both State and Central Governments.Prior to his appointment, Mr. Aramane held significant roles, including Secretary (Finance Department) and Principal Secretary in the Urban Development Department within the Andhra Pradesh Government. In the Central Government, he managed the Exploration Division in the Ministry of Petroleum & Natural Gas and served as Executive Director in-charge of inspections at the Insurance Regulatory & Development Authority.
Sh. Aramane is not related to any other Directors on the Board of Unitech Limited.
UNITECH Stock Price Movement
Unitech Limited shares closed higher today, settling at ₹4.01 after edging up 1.78% in the post-market session. The stock traded within an intraday range of ₹3.92 to ₹4.20, with over 7.06 million shares transacting.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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