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.

Ansal Properties & Infrastructure Limited has announced the successful completion of its 48th Committee of Creditors (COC) meeting for the Fernhill Project, held on January 27, 2026. The meeting addressed critical operational and financial matters related to the project currently under Corporate Insolvency Resolution Process (CIRP).

Meeting Outcomes and Approvals

The COC meeting resulted in unanimous approval for both agenda items presented. The voting process concluded on February 01, 2026, with positive outcomes for key operational decisions.

Project Management Structure

The Fernhill Project, situated in District Gurgaon, Haryana, operates under the management of Shri Balesh Kumar Grover, who serves as the Resolution Professional for this specific project. This management structure was established following the Hon'ble National Company Law Appellate Tribunal (NCLAT) order dated January 13, 2023, which confined the Section 7 application specifically to the Fernhill project.

Corporate Insolvency Resolution Process Context

Ansal Properties and Infrastructure Limited is currently undergoing Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016. The company's affairs, business, and assets are being managed by Shri Navneet Kumar Gupta, who serves as the Resolution Professional, appointed by the Hon'ble National Company Law Tribunal (NCLT), New Delhi.

Multiple Project Management

The company operates several projects under different resolution frameworks:

• Fernhill Project: Managed by Shri Balesh Kumar Grover, Resolution Professional
• Serene Residency Group Housing Project: Located in Sector ETA-II, Greater Noida, U.P., managed by Shri Navneet Kumar Gupta
• Other Projects: CIRP confined to Lucknow and some projects of Rajasthan as per Hon'ble NCLAT order dated January 07, 2025

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had previously submitted prior intimation to stock exchanges on January 23, 2026, regarding the scheduled COC meeting. The outcomes demonstrate continued progress in the resolution process while maintaining transparency with stakeholders and regulatory authorities.