Ansal Properties & Infrastructure Limited has issued a clarification regarding the date of its board meeting that approved six new director appointments, correcting a typographical error in its previous communication to stock exchanges. The company confirmed that the board meeting was held on February 12, 2026, not February 11, 2026, as inadvertently mentioned in the earlier outcome submission.

Date Correction and Director Term Adjustments

The clarification, submitted to NSE and BSE on February 17, 2026, addresses the typographical error that affected the tenure calculation for all six newly appointed directors. Due to this correction, the directors' two-year consecutive term now commences from February 12, 2026, and will conclude on February 11, 2028, instead of the previously stated period from February 11, 2026, to February 10, 2028.

Board Restructuring Following Leadership Changes

The director appointments follow the cessation of Shri Pranav Ansal (DIN: 00017804) from his positions as Chairman, Whole Time Director and Director effective October 31, 2025. The company appointed six new directors across two phases - three on February 3, 2026, and three additional directors on February 5, 2026, with the board meeting on February 12, 2026, approving a postal ballot notice to seek member approval for these appointments.

New Leadership Profiles

Shri Sanjay Jain, designated as the new Chairman and Non-Executive Independent Director, brings extensive legal expertise as an Advocate practicing before the Supreme Court of India and Delhi High Court. His specialization includes arbitration, constitutional law, corporate and banking laws, real estate, and taxation, with qualifications including an LL.M. in International Law from the University of Bristol and an MBA in International Business.

Shri Roshan Lal Kamboj contributes over 30 years of manufacturing industry experience since 1992, while Shri Vipul Garg joins with over 17 years of experience in Strategic Planning, Corporate Governance, and Business Scale-up across Real Estate, Healthcare, Retail, and Food industries.

Regulatory Compliance and Project Status

The clarification was signed by Shri Ashok Kumar Verma, one of the newly appointed Non-Executive Independent Directors, confirming that all other details and disclosures submitted on February 12, 2026, remain unchanged except for the date correction. The appointments comply with Sections 108 and 110 of the Companies Act, 2013, and Regulations 17 and 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The company noted that Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016, remains confined to Lucknow and Rajasthan projects following the NCLAT order dated January 7, 2026. The Serene Residency Group Housing Project and Fernhill Project continue to be managed by their respective Resolution Professionals.

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.