The two leading scholarships have also decided to remove restrictions in its effects. BSE has informed that the effects of Unitech LTD are moved from the blacklist/limited Z category to the B category for actively traded shares from 7 October, while NSE has decided to transfer the company from the limited BZ series to the standard segment of the EQ series.
“Shareholders have expressed concern about the trade of unity shares in the Z category in contrast to the B category for all those years since the new management arrived,” said Unitech chairman and director Yudhvir Singh Malik. “Some have addressed the problem of payment of listing costs to both trade fairs.”
The Unitech Council appointed by the Government has regularly been to both trade fairs when paying the listing costs.
“We have consistently included the issue of fines and fines that are levied because of non-compliances that are inherited from the former management, and the movement of the Scrip of the company from the Z-category to the B-category, with Sebi, the National Stock Exchange,” Said Stock Exchange.
The fines and fines levied due to such non-compliance by BSE and NSE were RS 3.3 Crore and RS 3.5 Crore respectively. The Supreme Court In January 2020, the appointment of seven directors approved the company of the business administration after the government of reproduction and other implementation.
According to the findings of the forensic audit report that had been submitted to the Top Court, funds were transferred by Unitech Promoters and the amounts of homebuyers of the 74 projects of the company were used in non -related companies.
The new management has resumed the work with most stuck projects.
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