Ansal Properties & Infrastructure Limited has informed the Stock Exchanges that Shri Nakul Ahluwalia has resigned from the post of Group Head and Vice President (HR & Admin) of Ansal Properties and Infrastructure Limited (Company) w.e.f. the 01st May, 2025.
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Shri Nakul Ahluwalia has resigned from his position as Group Head and Vice President (HR & Admin) of Ansal Properties & Infrastructure Limited, effective May 1, 2025. The resignation letter reveals he was given a choice between termination and resignation following a discussion with the Resolution Professional. The company is currently under the Corporate Insolvency Resolution Process (CIRP) since February 25, 2025, and is being managed by Resolution Professional Shri Navneet Kumar Gupta. Mr. Ahluwalia has requested his full and final settlement by May 7, 2025, and will hand over duties to Sonu Mehra.
This is a senior HR and administrative departure during the company's ongoing insolvency process, which may further disrupt operations and signal instability. For shareholders, continued management exits during CIRP can complicate the resolution process and delay outcomes.