Ansal Housing & Construction , a real estate company, has disclosed a default on its financial obligations. The company failed to make a principal repayment of Rs 39.27 crores to Suraksha Asset Reconstruction Private Limited, which was due on October 31, 2025.

Default Details

The default relates to a project funding facility with the following characteristics:

Financial Position

The default raises concerns about Ansal Housing's financial health. As per the company's disclosure:

Implications

This default may have significant implications for Ansal Housing's financial stability and its relationships with lenders. The substantial amount of outstanding borrowings and total financial indebtedness suggests a complex debt structure that could pose challenges for the company.

Investors and stakeholders may closely monitor Ansal Housing's ability to meet its future financial obligations, particularly given the current default. The company's ability to generate sufficient cash flows to service its debt will be crucial.

It's important to note that while this default is significant, it represents only a portion of the total project funding facility. How Ansal Housing addresses this default and manages its remaining obligations may be critical in maintaining the confidence of its lenders and investors.

As the real estate sector continues to face challenges, companies like Ansal Housing may need to explore various strategies to improve their financial position, such as asset sales, debt restructuring, or seeking additional equity funding.

Stakeholders may want to keep an eye on any further announcements from the company regarding its plans to address this default and strengthen its financial position.

Ansal Housing & Construction , a prominent real estate company, has announced a significant change in its key management personnel. The company's Company Secretary, Mr. Sandeep Singh Chauhan, has tendered his resignation, citing personal reasons.

Resignation Details

According to the official intimation filed by Ansal Housing & Construction with the BSE under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015:

• Mr. Sandeep Singh Chauhan (M.No. A64484) has resigned from his position as Company Secretary.
• The resignation will be effective from the close of business hours on Monday, September 15, 2025.
• The reason for the resignation has been stated as personal.

Company's Response

Ansal Housing & Construction has acknowledged the resignation and is taking proactive steps to ensure a smooth transition:

• The company is currently in the process of identifying and hiring a suitable candidate to fill the vacant position.
• They have committed to informing the Stock Exchange once a replacement is found and the vacancy is filled.

Regulatory Compliance

In adherence to regulatory requirements:

• The company has provided the resignation letter along with the reason as Annexure 1 in their filing.
• Details required under Regulation 30 of the SEBI (LODR) Regulations, read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, have been furnished as Annexure 2.

Interim Arrangement

While the search for a new Company Secretary is underway, Ansal Housing & Construction has appointed Ms. Shalini Talwar as the Compliance Officer to ensure continuity in regulatory compliance matters.

The departure of a key executive such as the Company Secretary can have implications for a company's regulatory compliance and corporate governance processes. Stakeholders and investors of Ansal Housing & Construction will likely be watching closely as the company works to fill this important position.