Ansal Properties and Infrastructure Limited has successfully conducted its 50th Meeting of the Committee of Creditors for the Fernhill project on March 23, 2026. The company informed both NSE and BSE about the meeting outcomes on March 24, 2026, in compliance with SEBI listing regulations.

Meeting Details and Proceedings

The creditors meeting was held virtually at 12:30 PM and concluded at 1:30 PM, focusing on the Fernhill project situated in District Gurgaon, Haryana. The meeting was conducted as part of the ongoing Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016.

The meeting achieved the required quorum with Ms. Aakriti Sood, Authorized Representative of homebuyers holding 99.96% voting rights, present virtually. The unsecured financial creditor Vinod Kumar Saini, holding 0.04% voting rights, did not attend the meeting.

Key Agenda Items and Approvals

The committee addressed several critical matters during the session. The minutes of the 49th COC meeting held on February 25, 2026, were approved without any observations from members.

Expense Ratification

The committee reviewed and approved operational expenses incurred during the CIRP period from January 16, 2026, to March 15, 2026:

Litigation Status Update

The Resolution Professional provided a comprehensive update on 21 ongoing litigation matters before the NCLT Delhi Bench. All matters were previously listed for hearing on March 2, 2026, and have been rescheduled to March 27, 2026, following early hearing applications.

Notably, two early hearing applications were filed and allowed - one by Krish Infrastructure Private Limited (I.A. No. 1131 of 2026) and another by allottees (I.A. No. 1198 of 2026), both seeking expedited hearing of the Plan Approval Application.

Current Project Management Structure

The company operates under a complex management structure with different resolution professionals handling various projects:

The Serene Residency Group Housing Project's Resolution Plan received approval from the Hon'ble NCLT New Delhi on October 6, 2025.

Authorized Representative Fee Approval

The committee approved additional fees of ₹70,800 for Ms. Aakriti Sood, the authorized representative of homebuyers, for conducting extra meetings with creditors beyond the standard two meetings corresponding to COC meetings held in December 2025.

The notification was signed by Siddharth Goenka, Whole Time Director (DIN: 11524566), ensuring compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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.