Anoop Kumar Mittal and Niranjan Hiranandani resign from the Unitech board

9 Sep 2022 , 08:04 AM

Niranjan Hiranandani and Anoop Kumar Mittal have left their positions as non-executive nominee directors of the company, according to the real estate company Unitech Ltd. on Thursday. Niranjan L. Hiranandani and Anoop Kumar Mittal, Non-Executive – Nominee Directors of the firm, announced their resignations from the board in a regulatory filing on August 10 and August 16, respectively.

The Ministry of Corporate Affairs was informed of their resignations. In a letter dated September 7, the MCA noted Niranjan L. Hiranandani and Anoop Kumar Mittal’s resignations.

Two further non-executive nominee directors, Renu Sud Karnad and Balasubramanyam Sriram left the board of the firm in July, citing work obligations.

A few years ago, the Supreme Court issued an order mandating that the former board of directors of Unitech Ltd is replaced and that the new board of directors assume control of the company in accordance with the proposal put up by the Union government.

A new board was recommended by the Ministry of Corporate Affairs, and the Supreme Court authorized it on January 20, 2020. Eight nominee directors were chosen by the ministry.

According to a regulatory filing, Niranjan Hiranandani, the chairman of the real estate company Hiranandani group, resigned because of his obligations to his personal and professional lives, which prevented him from devoting enough time to the company’s decision-making process.

Former NBCC Chairman Mittal has left the organization “due to his involvement in owning two plots in sector-96 and 97 of Unitech Limited, Noida that was purchased by his father in the financial year 2013—14 and have been transferred to him after his father’s death in 2016.”

The number of nominated directors on the board has been cut in half as a result of the resignations of four of them.

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