Ansal Properties & Infrastructure Limited has informed the Stock Exchange that Ms. Francette Patricia Atkinson (DIN: 10388863) has submitted her resignation dated the 23rd June, 2025 to Shri Navneet Kumar Gupta, the Resolution Professional of the Company, vide her email dated the 23rd June, 2025. The aforesaid resignation has not been accepted by Resolution Professional.
ANSALAPI · price
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Ms. Francette Patricia Atkinson (DIN: 10388863), a Non-Executive Independent Woman Director, has submitted her resignation on 23rd June 2025 citing the ongoing Corporate Insolvency Resolution Process (CIRP) against the company and personal reasons. Importantly, the Resolution Professional (Shri Navneet Kumar Gupta), who is currently managing the company's affairs under the NCLT-ordered CIRP since 25th February 2025, has not accepted her resignation. She does not hold directorships in any other listed entity. The company continues to be under insolvency proceedings with its assets, business, and operations managed by the Resolution Professional.
This signals further board-level instability at a company already under insolvency resolution. The unaccepted resignation is unusual and may reflect governance challenges during the CIRP period, which is a concern for shareholders awaiting resolution of the insolvency process.