Ansal Properties & Infrastructure reported a net loss of ₹162,933 lakh for the financial year ended March 31, 2025, widening from a loss of ₹492 lakh in the previous year. Revenue from operations for the year stood at ₹64,644 lakh, compared to ₹47,894 lakh in FY24. The company’s Board approved the audited standalone financial results for FY25 and the unaudited standalone results for the first three quarters of FY26 during a meeting on June 17, 2026.

The Board did not recommend any dividend for FY25. The company stated that consolidated results for the quarters ended June 30, 2025, September 30, 2025, and December 31, 2025, could not be provided due to difficulties in obtaining financial data from subsidiaries required to be consolidated under IND-AS 110. The audited FY25 results and unaudited quarterly results were previously disseminated to stock exchanges without Board approval due to the Corporate Insolvency Resolution Process (CIRP). The company confirmed there are no modifications to the previously disseminated figures.

In regulatory disclosures, the Board noted a fine received from stock exchanges on March 17, 2026, for non-compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the delayed submission of financial results for the quarter ended December 31, 2025. The Directors assured compliance with timelines for future result declarations.

The Board approved the appointment of M/s MRKS & Associates, Chartered Accountants, as statutory auditors for the term from the conclusion of the 58th Annual General Meeting (AGM) until the conclusion of the 63rd AGM to be held in 2030. Additionally, M/s J.D. Associates, Cost Accountants, were appointed as cost auditors for FY26, and M/s Roni & Associates, Company Secretaries, were appointed as secretarial auditors for the financial year 2025-30. All appointments are subject to shareholder approval.

Regarding corporate governance, the Board approved a change in the status of Non-Executive Woman Director Smt. Kanta Devi from “not liable to retire by rotation” to “liable to retire by rotation” effective June 17, 2026. The company provided updates on its insolvency proceedings, noting that the CIRP has been confined to its Lucknow and Rajasthan projects. The Serene Residency project in Greater Noida and the Fernhill project in Gurgaon are currently managed by the Resolution Professional, Shri Navneet Kumar Gupta.

Financial Performance Summary

Ansal Properties & Infrastructure Ltd has secured an interim order from the District Judge (Commercial) Saket Court, Delhi, maintaining status quo on 5,55,64,816 equity shares pledged by its promoters. The order, passed on June 16, 2026, restrains the defendants from creating any third-party rights in the securities provided by the company or its promoters until the next date of hearing. This legal move aims to prevent the potential sale of pledged shares, which the company argues could lead to its collapse in the market and cause significant losses to shareholders and property buyers.

The company filed a Commercial Civil Suit (CS Comm No. 3770/2026) against DMI Alternative Investment Fund, DMI Alternatives Private Limited, DMI Finance Private Limited, Vistra ITCL (India) Limited, and Trait IT Park Private Limited. Ansal Properties is seeking a decree of rendition of accounts and a permanent injunction to stop the defendants from invoking the pledge or creating third-party rights without completing forensic audits and providing advance notice.

Background of the Dispute

The dispute stems from financial facilities advanced by the defendants to Amarnath Properties Pvt. Ltd., which involved the pledge of 5,55,64,816 equity shares, constituting approximately 35.30% of Ansal Properties. The borrowers defaulted on repayment, leading to the declaration of Non-Performing Assets (NPA). While certain properties were sold to repay the debt, the pledged shares remained with the defendants.

Ansal Properties contends that the entire debt stands repaid following the sale of properties, including the Firoz Shah Road property and the SAS Nagar property. However, the defendants continue to hold the securities. The company alleges it is not a party to the loan agreements but is required to make disclosures regarding the pledge of shares by its promoters.

Court Order and Next Steps

The Hon'ble District Judge (Commercial), South East District, Saket Courts, Delhi, directed the parties to maintain status quo and restrained the defendants from creating third-party rights in the securities. The court has issued a notice to the defendants for settlement of issues, with the next hearing scheduled for July 4, 2026.

The company has disclosed that the Corporate Insolvency Resolution Process (CIRP) against it has been confined to its Lucknow and Rajasthan projects, which are currently managed by a Resolution Professional. Additionally, specific projects like Serene Residency in Greater Noida and Fernhill in Gurgaon are under separate management by Resolution Professionals.