Ansal Properties & Infrastructure Ltd will delay the finalization and declaration of its audited financial results for the fourth quarter and financial year ended March 31, 2026. The company cited the reconstitution of its Board on February 3 and February 5, 2026, as the primary reason for missing the regulatory deadline of May 30, 2026. This Board restructuring followed an order by the Hon'ble National Company Law Appellate Tribunal (NCLAT) dated January 7, 2026.

The newly appointed Board of Directors is currently reviewing the company's financial position, books of accounts, and overall operations. Consequently, the company requires additional time to complete the audit process and approve the results. This development was disclosed in a filing submitted to the stock exchanges on May 29, 2026, in compliance with Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The delay extends to previously reported unaudited financial results. The company had already informed the exchanges regarding delays in disseminating results for the second quarter and half-year ended September 30, 2025, as well as the third quarter and nine months ended December 31, 2025. The current filing confirms that the approval and declaration of these unaudited results remain pending.

The NCLAT order dated January 7, 2026, confined the Corporate Insolvency Resolution Process (CIRP) of the company, initiated on February 25, 2025, specifically to its Lucknow and Rajasthan projects. This decision was based on a settlement agreement dated March 3, 2022, between IL&FS Financial Services Limited and Ansal Properties & Infrastructure . Additionally, the Serene Residency project in Greater Noida and the Fernhill Project in Gurgaon are being managed by respective resolution professionals following separate tribunal approvals.

In line with regulatory protocols, the trading window for insiders has been closed since April 1, 2026. It will remain shut until 48 hours after the declaration of the audited financial results, adhering to the SEBI (Prohibition of Insider Trading) Regulations, 2015. The company stated it is making all possible efforts to finalize the results at the earliest and will provide necessary intimation regarding the board meeting for approval in due course.

Ansal Properties and Infrastructure Limited has informed stock exchanges about significant developments in its Corporate Insolvency Resolution Process (CIRP) proceedings, including a Supreme Court order and the latest Committee of Creditors meeting for the Fernhill Project.

Supreme Court Order on CIRP Proceedings

The Supreme Court bench comprising Justice J.B. Pardiwala and Justice K.V. Viswanathan disposed of Civil Appeal Nos.807-808/2026 in the matter of IL&FS Financial Services Limited vs. Pranav Ansal & Others on April 16, 2026. The court's decision maintains the NCLAT order while providing specific directions for expeditious CIRP proceedings.

The Supreme Court upheld the NCLAT order while keeping questions of law open for future consideration. Erstwhile promoters undertook to extend full cooperation in CIRP proceedings, and the court directed that proceedings shall proceed expeditiously in accordance with Insolvency and Bankruptcy Code provisions.

51st Committee of Creditors Meeting Update

Ansal Properties disclosed minutes of the 51st Committee of Creditors meeting for the Fernhill Project held on April 21, 2026, under Resolution Professional Jalesh Kumar Grover. The meeting addressed multiple ongoing litigation matters and procedural updates.

Current CIRP Status Across Projects

The Corporate Insolvency Resolution Process affects multiple projects of Ansal Properties across different jurisdictions with varying stages of resolution:

Ongoing Litigation Status

The Resolution Professional updated the Committee on 17 ongoing litigation matters before NCLT Delhi Bench, all scheduled for hearing on May 8, 2026. Key applications include Section 66 proceedings against Piyare Lal Hari Singh Builders and Samyak Projects, along with multiple applications seeking various reliefs related to the CIRP process.

IBBI Disciplinary Order Update

The Resolution Professional informed the Committee about the IBBI Disciplinary Committee's order dated March 30, 2026, suspending his registration for one year effective April 30, 2026. However, the Hon'ble High Court of Punjab and Haryana stayed the operation of this order on April 9, 2026, allowing continued services during the stay period.

Regulatory Compliance

Both disclosures were made under Regulation 30 of SEBI Listing Regulations, 2015, ensuring transparency with stakeholders about material legal developments. Whole Time Director Siddharth Goenka signed the disclosures, maintaining compliance with regulatory requirements for timely disclosure of material events affecting the company's insolvency proceedings.