Ansal Properties & Infrastructure Limited has informed the Stock Exchange that Shri Zeyauddin Ahmad Khan has been relieved from his post as Assistant Vice President (Finance) of Ansal Properties and Infrastructure Limited (Company) w.e.f. 02nd May 2025.
ANSALAPI · price
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Ansal Properties & Infrastructure has relieved Shri Zeyauddin Ahmad Khan from his role as Assistant Vice President (Finance) and Senior Management Personnel, effective 2nd May 2025. The company is currently under Corporate Insolvency Resolution Process (CIRP) since 25th February 2025, with Resolution Professional Navneet Kumar Gupta managing its affairs. The relieving is part of a structured cost rationalisation exercise initiated by the Resolution Professional under the insolvency framework to preserve and protect the value of the company's assets. The letter states that services of certain personnel are being rationalised to optimise operational costs. Khan has been asked to hand over official documents and company property, and full and final settlement will be processed as per applicable laws.
This is a routine cost-cutting action by the Resolution Professional during the ongoing insolvency process and is not expected to materially affect the stock price. However, it signals that the RP is actively trimming overheads as part of efforts to enable an effective resolution, which is generally positive for the revival process and existing stakeholders.