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Ansal Properties Appoints 3 Additional Directors, Notes Past Penalties

Ansal Properties & Infrastructure Limited

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February 5, 2026, 03:10 PM

Ansal Properties & Infrastructure Limited appointed Shri Ashok Kumar Verma, Shri Siddhartha Goenka, and Smt. Kanta Devi as Additional Directors effective February 5, 2026. The company noted past penalties for non-compliance with SEBI regulations for multiple quarters and the financial year 2024-25. Resignations of three directors were also noted.

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Ansal Properties & Infrastructure Limited announced the outcome of its Board Meeting held on February 5, 2026. The Board noted the resignation of Non-Executive and Independent Directors Shri Sunil Kumar Gupta, Shri Binay Kumar Singh, and Smt. Francette Patricia Atkinson, effective March 2025, March 12, 2025, and June 23, 2025, respectively.

Furthermore, the Board approved the appointment of three Additional Directors: Shri Ashok Kumar Verma, Shri Siddhartha Goenka, and Smt. Kanta Devi, all effective February 5, 2026. Their appointments are subject to shareholder approval at the next general meeting. Profiles for the new directors highlight their extensive experience in finance, real estate, textiles, and public service.

The Board also noted penalties levied by the National Stock Exchange of India and BSE Limited for non-compliance with Regulation 33 for the quarters ended December 31, 2024, March 31, 2025, June 30, 2025, and September 30, 2025, as well as for non-compliance with Regulation 34 for the Financial Year 2024-25. The newly reconstituted Board has committed to ensuring future compliances are met without delay.

The announcement also provided an update on the Corporate Insolvency Resolution Process (CIRP), noting that it has been confined to specific projects in Lucknow and Rajasthan as per a National Company Law Appellate Tribunal (NCLAT) order dated January 7, 2026. The Resolution Plan for The Serene Residency Group Housing Project in Greater Noida was approved by the National Company Law Tribunal (NCLT) on October 6, 2025. The Fernhill Project in Gurgaon is managed by its Resolution Professional.

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