Ansal Properties & Infrastructure Limited has completed a significant board restructuring with the appointment of six new directors following the departure of promoter Shri Pranav Ansal from key leadership positions. The board meeting held on February 12, 2026, formalized these appointments and designations for a consecutive two-year term from February 11, 2026, to February 10, 2028.

Leadership Transition and New Appointments

The restructuring follows the cessation of Shri Pranav Ansal (DIN: 00017804) from his positions as Chairman, Whole Time Director and Director effective October 31, 2025. In response to this leadership change, the company appointed six new directors across two phases - three on February 3, 2026, and three additional directors on February 5, 2026.

New Chairman and Key Appointments

Shri Sanjay Jain has been designated as the new Chairman and Non-Executive Independent Director. He brings extensive legal expertise as an Advocate practicing before the Supreme Court of India and Delhi High Court, with specialization in arbitration, constitutional law, corporate and banking laws, real estate, and taxation. 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.

Shri Roshan Lal Kamboj, appointed as Non-Executive Independent Director, contributes over 30 years of manufacturing industry experience since 1992. His expertise spans manufacturing operations and business management, adding strategic insight to the board.

Additional Director Profiles

Shri Vipul Garg joins as Non-Executive Director with over 17 years of experience in Strategic Planning, Corporate Governance, and Business Scale-up across Real Estate, Healthcare, Retail, and Food industries. He currently serves as director on six private limited entities.

Shri Ashok Kumar Verma brings 18 years of accounts and finance experience, primarily in the real estate sector, with expertise in financial accounting, taxation, and regulatory compliance. Smt. Kanta Devi, appointed as Non-Executive Woman Director, contributes four decades of experience in education, women empowerment, and social reform, serving as National President of Mission Ekta Party since January 2015.

Shri Siddhartha Goenka, designated as Whole Time Director, is a textile professional with over 12 years of experience in manufacturing, sourcing, and trading, holding qualifications from national and international textile institutions.

Regulatory Compliance and Corporate Status

All appointed directors are not debarred from holding office by SEBI or any other authority, and their appointments remain subject to shareholder approval at the next general meeting. The appointments comply with Regulations 17 and 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and the Companies Act, 2013.

The company noted that Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016, has been confined to Lucknow and Rajasthan projects following the NCLAT order dated January 7, 2026. Various projects including Serene Residency Group Housing Project and Fernhill Project are currently managed by respective Resolution Professionals.

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.