Ansal Properties & Infrastructure Limited has announced the outcome of its 46th Committee of Creditors (CoC) meeting for the Fernhill Project, held on December 21, 2025, as part of the ongoing Corporate Insolvency Resolution Process (CIRP). The company submitted the voting results to stock exchanges following the conclusion of the voting period on December 26, 2025.

Meeting Outcome and Voting Results

The 46th CoC meeting addressed a critical agenda item regarding the approval of updated claims list. The committee successfully approved the updated list of claims received after the Hon'ble NCLT order dated November 17, 2025, pursuant to Regulation 13(1b) of IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.

Corporate Insolvency Resolution Process Status

The Fernhill Project, situated in District Gurgaon, Haryana, continues under the management of Resolution Professional Shri Jalesh Kumar Grover. The CIRP proceedings were initially admitted following the Hon'ble National Company Law Tribunal order dated November 16, 2022, with subsequent modifications through the NCLAT order dated January 13, 2023, confining the proceedings specifically to the Fernhill project.

Previous Meeting Developments

The company had previously conducted its 45th CoC meeting on December 15, 2025, which addressed several critical aspects including CIRP extension approvals, revised resolution plan discussions, and expense ratifications. The NCLT had approved a 60-day extension of the CIRP period with effect from November 17, 2025, extending the timeline until January 16, 2026.

Multi-Project Resolution Status

Ansal Properties & Infrastructure Limited is managing multiple projects under different resolution processes. While the Fernhill Project continues under CIRP with Shri Jalesh Kumar Grover as Resolution Professional, the company's Serene Residency Group Housing Project in Greater Noida has progressed further, with its resolution plan receiving approval from Hon'ble NCLT on October 6, 2025.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company submitted both prior intimation on December 19, 2025, and post-meeting minutes on December 23, 2025, to the stock exchanges, ensuring transparent communication with stakeholders throughout the resolution process.

Ansal Properties & Infrastructure Limited has officially filed its unaudited standalone financial results for Q1 FY26 with the stock exchanges, demonstrating a remarkable financial turnaround despite operating under Corporate Insolvency Resolution Process (CIRP). The company reported a net profit of ₹13.21 crores, marking a dramatic improvement from the substantial loss of ₹1,433.91 crores recorded in the corresponding quarter of the previous fiscal year.

Regulatory Filing and Compliance

The company submitted its financial results to both NSE and BSE through an official communication dated December 15, 2025. Following the initial filing, the company published newspaper advertisements on December 17, 2025, in compliance with Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The publication appeared in 'Financial Express' (English) and 'Jansatta' (Hindi/Regional language) newspapers.

Financial Performance Overview

The company's Q1 FY26 results showed mixed performance with revenue declining significantly but achieving profitability through substantial cost reductions. Revenue from operations dropped to ₹12.77 crores from ₹156.07 crores in Q1 FY25, while other income increased to ₹11.05 crores from ₹7.49 crores year-on-year.

Corporate Insolvency Resolution Process Status

The Corporate Insolvency Resolution Process for Ansal Properties & Infrastructure Limited commenced on February 25, 2025, following an order from the National Company Law Tribunal (NCLT), New Delhi Bench. Navneet Kumar Gupta was initially appointed as the Interim Resolution Professional and subsequently confirmed as the Resolution Professional by the Committee of Creditors in their meeting held on April 11, 2025.

The financial results were approved by Shri Pranav Ansal (Suspended Chairman and Whole Time Director) and taken on record by the Resolution Professional. The results are accompanied by a Limited Review Report from statutory auditors MRKS & Associates, Chartered Accountants.

Project-Specific CIRP Proceedings

Two separate project-specific CIRP proceedings are underway under Part-II of IBC 2016:

Auditor's Qualified Opinion and Key Concerns

The statutory auditors issued a qualified review report noting that the company has not recognized interest of ₹7.33 crores for the quarter on loans classified as non-performing assets. The auditors stated that if this interest had been provided, the total comprehensive profit would have been ₹6.04 crores instead of the reported ₹13.36 crores.

The company continues to face significant financial challenges with accumulated losses of ₹3,141.49 crores as of June 30, 2025. Current liabilities exceed current assets by ₹2,234.56 crores, indicating severe liquidity constraints.

Consolidated Results Limitation

The company was unable to provide consolidated financial results due to difficulties in obtaining financial statements and relevant data from subsidiaries and other entities. The Resolution Professional noted that these entities are separate legal entities, making data collection challenging under the current CIRP framework.

The financial results reflect the company's position during the initial phase of the insolvency resolution process, with the Resolution Professional emphasizing that these results are prepared on a best-effort basis for compliance purposes and may undergo significant changes as the CIRP process progresses.