@Sajid Mumtaz
Please note, there are two types of builtin administrator account.
At the domain level, there is a builtin domain administrator account, and this account you can rename it manually via the dsa.msc coonsole and no need to use either GPO or make the modification on all domain controllers. The renaming will be replicated through AD replication on all domain controllers. If you see any local GPO configured to rename builtin administrator you can neglect it.
At the member machine level, there is a local builtin administrator account which can be renamed through a GPO.
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