Ansal Properties & Infrastructure Limited has informed the Exchange regarding Appointment of Mr Siddhartha Goenka as Whole Time Director of the company w.e.f. February 12, 2026.
ANSALAPI · price
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Ansal Properties has completely reconstituted its board. Promoter Pranav Ansal ceased as Chairman and Whole Time Director effective 31 October 2025, and a new six-member board has been put in place through a series of meetings on 3, 5 and 11 February 2026. Sanjay Jain, a Supreme Court advocate, has been appointed as Chairman and Independent Director for a two-year term. Siddhartha Goenka, a textile entrepreneur, has been appointed as Whole Time Director, while Vipul Garg is the Non-Executive Director. Three others — Roshan Lal Kamboj (industrialist), Ashok Kumar Verma (finance professional) and Kanta Devi (political leader) — join as Independent or Woman Directors. All appointments are subject to shareholder approval. Crucially, the filing's footnotes confirm that the Corporate Insolvency Resolution Process (CIRP) under the IBC is ongoing for the company's Lucknow and Rajasthan projects following an NCLAT order dated 7 January 2026, with separate Resolution Professionals managing the Serene Residency and Fernhill projects.
This is a major governance overhaul at a company under insolvency resolution for key projects. With the promoter now off the board and replaced by mostly independent directors, shareholders should expect a significant shift in how the company navigates its ongoing CIRP proceedings and creditor recoveries. The stock may remain volatile given the distressed status of multiple projects.