Ansal Properties & Infrastructure Limited has formally announced the resignation of Shri Sanjay Kumar from his position as Head-Information Technology, effective 12th February, 2026. The company has notified both the National Stock Exchange and BSE Limited about this key personnel change in compliance with regulatory requirements.

Resignation Details and Timeline

Sanjay Kumar submitted his resignation letter on 13th January, 2026, following the company's standard 30-day notice period policy. His last working day will be 12th February, 2026, marking the end of his tenure in the Information Technology leadership role.

Regulatory Compliance and Disclosure

The company has fulfilled its obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure includes all mandatory details as required under SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July, 2023, for changes in key managerial personnel.

Ansal Properties has provided the resignation letter as Annexure A to the stock exchanges, ensuring complete transparency in the personnel change announcement.

Employee's Statement and Transition

In his resignation communication, Sanjay Kumar expressed gratitude for the opportunities and experiences gained during his tenure. He cited the decision to pursue new opportunities that align more closely with his career goals and personal aspirations as the primary reason for his departure.

The departing IT head has committed to ensuring a smooth transition during his notice period, including:

• Handing over responsibilities to the reporting manager
• Training replacement personnel
• Providing necessary documentation
• Transferring company assets and obtaining clearance certificates

Company Background and Current Status

Ansal Properties and Infrastructure Limited operates under multiple regulatory frameworks, with certain projects currently under resolution processes. The company's Lucknow and Rajasthan projects are managed under Corporate Insolvency Resolution Process following NCLAT order dated 7th January, 2026. Additionally, specific projects including Serene Residency Group Housing Project in Greater Noida and Fernhill Project in Gurgaon are under respective Resolution Professional management.

The IT department transition will be managed internally while maintaining operational continuity across all active projects and corporate functions.

Ansal Properties & Infrastructure Limited has announced major board restructuring following the cessation of its promoter from key leadership positions and the appointment of three new directors to reconstitute its Board of Directors.

Leadership Transition

Pranav Ansal (DIN: 00017804), the company's promoter, ceased from his positions as Chairman, Whole Time Director and Director effective October 31, 2025, during the continuation of the Corporate Insolvency Resolution Process (CIRP). The departure occurred as part of ongoing corporate restructuring under insolvency proceedings.

Prior to Ansal's cessation, other directors including Sunil Kumar Gupta (DIN: 06531451), Francette Patricia Atkinson (DIN: 10388863) and Binay Kumar Singh (DIN: 10467660) had already resigned from the company during the CIRP continuation, leaving the Board without any directors.

New Board Appointments

To address the vacancy and reconstitute the Board, Pranav Ansal, exercising his authority as promoter under Sections 167 and 168 of the Companies Act, 2013, appointed three new directors effective February 3, 2026:

The company confirmed that none of the newly appointed directors are debarred from holding directorship positions by SEBI or any other authority, and they are not related to each other or to the company.

Director Profiles

Sanjay Jain brings extensive legal expertise as an Advocate practicing before the Supreme Court of India and Delhi High Court. His specialization includes arbitration (international and domestic), constitutional law, corporate and banking laws, real estate, taxation, and economic offences. He holds an LL.M. in International Law from the University of Bristol, an MBA in International Business, and is a Gold Medalist in LL.B. He is empanelled with leading public authorities and banks including DDA, PNB, MCD, and Kotak Mahindra Bank, and serves as Senior Panel Lawyer for Uttar Pradesh in the Supreme Court.

Roshan Lal Kamboj is an industrialist with over 30 years of experience in the manufacturing industry. Associated with the industry since 1992, he brings extensive expertise in manufacturing operations and business management. His long-standing industry experience and strategic insight are expected to add significant value to the Board.

Vipul Garg is a distinguished Senior Executive and Board Member with over 17 years of experience in Strategic Planning, Corporate Governance, and Business Scale-up. He possesses expertise in navigating complex regulatory environments across Real Estate, Healthcare, Retail, and Food industries. Currently serving as a director on boards of six private limited entities, he demonstrates strong commitment to regulatory compliance and fiduciary responsibility with a proven track record of promoting and scaling business ventures.

Corporate Insolvency Status

The appointments occur against the backdrop of ongoing CIRP proceedings. According to the NCLAT order dated January 7, 2026, the Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016 is now confined to Lucknow and some projects in Rajasthan. These projects are currently managed by Resolution Professional Navneet Kumar Gupta.

Additionally, the Serene Residency Group Housing Project in Sector ETA-II, Greater Noida, is managed by the same Resolution Professional, with its Resolution Plan approved by NCLT New Delhi on October 6, 2025. The Fernhill Project in Gurgaon, Haryana, is managed by Resolution Professional Jalesh Kumar Grover.