Crisis-hit Unitech Ltd on Monday said Prabhakar Singh has been appointed as government’s nominee director on the company’s board. “Prabhakar Singh is appointed as nominee director of the central government on the board of directors of Unitech Ltd, with immediate effect,” the company said in a regulatory filing. Earlier, Singh was former director-general of CPWD.
Yudvir Singh Malik, a Haryana-cadre IAS officer, has been appointed as the chairman and managing director of the company as per the court order. There are seven other members on the board.
Earlier, HDFC MD Renu Sud Karnad, Hiranandani group MD Niranjan Hiranandani, Embassy group CMD Jitu Virwani, NBCC’s former CMD A K Mittal, B Sriram (former MD and CEO of IDBI Bank), and Girish Kumar Ahuja (independent director of SBI) have been appointed as government’s nominee directors on the board.
Read EquityPandit’s Nifty Outlook for the Week
The company’s board has been superseded by the central government on the Supreme Court’s direction.