Ansal Properties & Infrastructure Limited has successfully concluded its postal ballot voting process on March 20, 2026, announcing the appointment of six new directors to strengthen its board composition. The company conducted the entire voting process through remote e-voting, demonstrating strong corporate governance practices and regulatory compliance under Regulation 30 of SEBI Listing Regulations.

Postal Ballot Results Overview

The postal ballot results were declared on Friday, March 20, 2026, at 06:30 P.M. (IST), with all six proposed resolutions receiving overwhelming shareholder support. The voting process was conducted exclusively through remote e-voting from February 19, 2026, at 09:00 a.m. to March 20, 2026, at 05:00 p.m. (IST).

Director Appointments and Profiles

All six directors have been appointed for consecutive two-year terms from February 12, 2026, to February 11, 2028. The appointments bring diverse expertise to the board across legal, industrial, financial, and strategic domains.

Shri Sanjay Jain has been appointed as Chairman and Non-Executive Independent Director. He is an advocate practicing before the Supreme Court of India and Delhi High Court, with extensive experience in arbitration, constitutional law, corporate and banking laws. He holds an LL.M. in International Law from the University of Bristol and an MBA in International Business.

Shri Roshan Lal Kamboj joins as Non-Executive Independent Director, bringing over 30 years of manufacturing industry experience since 1992. His extensive expertise in manufacturing operations and business management adds significant strategic value to the board.

Shri Ashok Kumar Verma has been appointed as Non-Executive Independent Director, contributing over 18 years of accounts and finance experience, primarily in the real estate sector. His expertise spans financial accounting, taxation, statutory compliance, and regulatory affairs.

Voting Statistics and Compliance

The scrutinizer's report, prepared by Himani Aneja, Company Secretary in Whole-Time Practice, confirmed the validity of the entire voting process. The remote e-voting was conducted through MUFG Intime India Private Limited's platform, with the cut-off date set as February 13, 2026.

The postal ballot notice was distributed electronically on February 18, 2026, and published in Financial Express (English) and Jansatta (Hindi) newspapers on February 19, 2026, ensuring comprehensive stakeholder communication.

Strategic Board Composition

Shri Vipul Garg has been appointed as Non-Executive Director, bringing over 17 years of experience in strategic planning, corporate governance, and business scale-up across real estate, healthcare, retail, and food industries. He currently serves as director on six private limited entity boards.

Smt. Kanta Devi joins as Non-Executive Woman Director, contributing over four decades of experience in education, women empowerment, and social reform. She has been serving as National President of Mission Ekta Party since January 2015 and brings extensive real estate industry experience.

Shri Siddharth Goenka has been appointed as Whole Time Director, the only position liable to retire by rotation. He brings over 12 years of textile manufacturing, sourcing, and trading experience, with expertise in supply chain management, quality control, and market analysis.

The company confirmed that all appointed directors are not debarred from holding directorial positions by SEBI or any other authority, and none are related to existing board members, ensuring independent governance structure. The voting results and scrutinizer's report are available on the company website at www.ansalapi.com and the registrar's website.

Ansal Properties and Infrastructure Limited has filed the minutes of its 49th Committee of Creditors (CoC) meeting for the Fernhill Project, conducted on February 25, 2026, under the Corporate Insolvency Resolution Process (CIRP). The meeting was chaired by Resolution Professional Jalesh Kumar Grover and attended by the Authorized Representative of Home Buyers.

Meeting Composition and Attendance

The meeting was conducted through virtual mode at 12:30 PM with the following key participants:

The meeting achieved the required quorum with Ms. Aakriti Sood representing 99.96% voting rights attending the proceedings. All suspended board directors remained absent from the meeting despite due service of notices.

Previous Meeting Ratifications

The committee approved the minutes of the 48th CoC meeting held on January 27, 2026, and took note of e-voting results on key agenda items. Two significant resolutions from the previous meeting received unanimous approval:

Site Manager Appointment: The committee ratified the appointment of Mr. Chimman Singh as Site Manager at ₹60,000 per month, along with additional expenses of ₹21,000 for accommodation charges.

CIRP Expenses: The committee approved expenses totaling ₹99,572 incurred during the CIRP period from December 1, 2025, to January 15, 2026, covering e-voting, security, and miscellaneous operational costs.

Litigation Status Update

The Resolution Professional provided comprehensive updates on 16 ongoing litigation matters, all scheduled for hearing on March 2, 2026. The Hon'ble NCLT has made it clear that no further adjournments will be entertained on the next hearing date.

The Resolution Professional noted that during the March 2 hearing, counsel will request the bench to hear the Resolution Plan to initiate working processes.

Corporate Governance Updates

The meeting addressed several governance matters including a resignation notification from Mr. Binay Kumar Singh, who served as Independent Non-Executive Director. The director had submitted Form DIR-11 in March 2025, though the corresponding statutory form remains unfiled by the company.

An email dated February 25, 2026, was received from company officials requesting attendance at the CoC meeting, but the Resolution Professional clarified that only directors are permitted to attend such meetings, not company officials.

NCLT Observations

During a recent hearing on February 25, 2026, the Hon'ble NCLT questioned the practice of inviting homebuyers as observers to CoC meetings when an Authorized Representative is already present. The bench directed the Resolution Professional to file an affidavit explaining the grounds for such invitations.

The Resolution Professional indicated that homebuyers attend only as observers since the matter primarily concerns them, and separate meetings for homebuyers are conducted by the Authorized Representative.

Project Background

The Fernhill Project, situated in District Gurgaon, Haryana, entered CIRP following the Hon'ble NCLAT order dated January 13, 2023, which confined the Section 7 application specifically to this project. The current Resolution Professional, Jalesh Kumar Grover, was appointed on January 10, 2024, and manages the project under CIRP proceedings.

The meeting concluded at 1:30 PM with a vote of thanks from the Chairman to all participants for their effective participation in the proceedings.