Ansal Properties & Infrastructure Limited (APIL), a real estate company currently undergoing Corporate Insolvency Resolution Process (CIRP), has announced the scheduling of its 24th meeting of the Committee of Creditors for the 'Serene Residency Group Housing Project'. The meeting is set to take place on August 29, 2025, as per a regulatory filing by the company.

Project Details and Insolvency Status

The Serene Residency project, located in Sector ETA II, Greater Noida, Uttar Pradesh, has been under the CIRP since October 20, 2023, following an order from the National Company Law Tribunal (NCLT). This development comes as part of the broader insolvency proceedings affecting Ansal Properties and Infrastructure Limited.

Management Under Resolution Professionals

The affairs of APIL are currently being managed by Resolution Professional Shri Navneet Kumar Gupta, who was appointed by the NCLT, New Delhi. Notably, Shri Gupta is also overseeing the Serene Residency project. The company disclosed that another of its projects, the Fernhill Project in Gurgaon, Haryana, is under the management of a separate Resolution Professional, Shri Jalesh Kumar Grover.

Corporate Governance and Transparency

In line with regulatory requirements, APIL has provided prior intimation of this meeting to the stock exchanges. The company stated in its filing, "This is for your information and records," adhering to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

Broader Context of APIL's Insolvency

It's important to note that Ansal Properties and Infrastructure Limited's insolvency proceedings began following an NCLT order dated February 25, 2025. The company's affairs, business, and assets are being managed under the Insolvency and Bankruptcy Code, 2016, reflecting the challenges faced by the real estate sector.

The scheduling of this creditors' meeting for the Serene Residency project represents an ongoing effort to address the financial and operational challenges faced by APIL. As the insolvency process continues, stakeholders will be closely watching the outcomes of such meetings and their potential impact on the company's future and its various projects.

Ansal Properties & Infrastructure Limited (APIL), a prominent real estate developer, has announced a delay in submitting its unaudited financial results for the first quarter of the fiscal year 2025-26. The company, currently undergoing Corporate Insolvency Resolution Process (CIRP), cited multiple factors contributing to the postponement.

Insolvency Proceedings and Management Changes

The National Company Law Tribunal (NCLT) initiated the CIRP for Ansal Properties on February 25, 2025. As a result, the company's affairs, business, and assets are now being managed by Resolution Professional Shri Navneet Kumar Gupta. This significant change in management structure has impacted the company's operations and financial reporting processes.

Technical Disruptions and Regulatory Investigations

Several unforeseen events have further complicated the company's ability to prepare and disseminate its financial results:

1. Email System Compromise: In March 2025, APIL's official mailboxes, SharePoint, and OneDrive accounts were compromised by an unknown entity, disrupting access to digital records and hampering internal and external communications.

2. Income Tax Department Proceedings: The Income Tax department conducted search and seizure operations at APIL's offices in Delhi and Lucknow from April 8 to April 11, 2025.

3. Enforcement Directorate Investigation: The Enforcement Directorate carried out search and seizure proceedings at the company's Delhi and Lucknow offices, starting from April 30, 2025, and concluding on May 2, 2025.

Financial Reporting Delays

The combination of these events has not only delayed the Q1 FY26 results but has also affected the release of the audited financial results for Q4 FY25. As of August 12, 2025, the company had not yet disseminated its audited results for the previous quarter and fiscal year ended March 31, 2025.

Trading Window Closure

In compliance with SEBI regulations, APIL's trading window has been closed since April 1, 2025. It will remain closed until 48 hours after the publication of both the delayed Q4 FY25 audited results and the Q1 FY26 unaudited results.

Looking Ahead

Ansal Properties has assured stakeholders that it is working to prepare and disseminate the financial results as soon as possible. The company will provide further updates regarding the consideration, approval, and dissemination of both the audited FY25 and unaudited Q1 FY26 results in due course.

As the real estate sector watches closely, the resolution of APIL's insolvency process and the release of its financial results will be crucial indicators of the company's future trajectory and potential recovery.