Ansal Properties & Infrastructure Limited has issued a postal ballot notice dated February 17, 2026, seeking shareholder approval for the appointment of six directors to reconstitute its Board of Directors. The notice was dispatched to shareholders on February 18, 2026, following the resignation of all previous directors.

Board Reconstitution Details

The company proposes comprehensive board restructuring with appointments across multiple director categories. The appointments follow compliance requirements under Sections 167(3) and 168(3) of the Companies Act, 2013, after all existing directors resigned or vacated their offices.

Director Appointments and Qualifications

Sanjay Jain brings extensive legal expertise as an Advocate practicing before the Supreme Court of India and Delhi High Court. He holds an LL.M. in International Law from the University of Bristol and an MBA in International Business, with specialization in arbitration, constitutional law, and corporate banking laws.

Roshan Lal Kamboj contributes over 30 years of manufacturing industry experience since 1992. He currently serves as a director on MT Educare Ltd (under CIRP) and previously held positions with Zee Learn Limited.

Ashok Kumar Verma offers 18 years of accounts and finance experience, primarily in real estate. His expertise covers financial accounting, taxation, regulatory compliance, and working with auditors and financial institutions.

Vipul Garg provides 17 years of experience in strategic planning and corporate governance across real estate, healthcare, retail, and food industries. He currently serves as director on six private limited entities.

Kanta Devi brings four decades of experience in education, women empowerment, and public service. She has served as National President of Mission Ekta Party since January 2015.

Siddharth Goenka contributes 12 years of textile manufacturing and trading experience, with expertise in supply chain management, quality control, and market analysis.

E-Voting Process and Timeline

The company has engaged MUFG Intime India Private Limited (formerly Link Intime India Private Limited) as the Registrar for facilitating the e-voting process. Himani Aneja & Associates has been appointed as Scrutinizer for conducting the postal ballot process.

Corporate Governance Context

The appointments address regulatory compliance requirements under the Companies Act, 2013, and SEBI Listing Regulations. All proposed directors have submitted declarations confirming they meet independence criteria where applicable and are not debarred from holding director positions.

The company currently operates under Corporate Insolvency Resolution Process for its Lucknow and Rajasthan projects, managed by Resolution Professional Navneet Kumar Gupta. The Serene Residency project in Greater Noida and Fernhill project in Gurgaon are also under resolution processes with designated Resolution Professionals.

Remuneration Structure

All directors will initially serve with nil remuneration. However, the resolutions provide for future remuneration payments subject to company profitability and approval by the Nomination and Remuneration Committee and Board of Directors, without requiring fresh shareholder approval.

The postal ballot notice includes comprehensive e-voting instructions for shareholders holding securities in both demat and physical modes, with specific login procedures for NSDL and CDSL account holders.

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.