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 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.