Ansal Properties & Infrastructure Limited has informed the stock Exchanges that Shri Rajeshwar Rao Ramabhotla has been relieved from his post as President (Operations/S&M/CRM) of Ansal Properties and Infrastructure Limited (Company) w.e.f. 02nd May 2025.
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Ansal Properties & Infrastructure has relieved Shri Rajeshwar Rao Ramabhotla from the post of President (Operations/S&M/CRM) effective May 2, 2025. The decision was taken by the Resolution Professional, Shri Navneet Kumar Gupta, as part of cost rationalisation during the ongoing Corporate Insolvency Resolution Process (CIRP) initiated by NCLT New Delhi on February 25, 2025. The company is being managed by the Resolution Professional under the Insolvency and Bankruptcy Code, 2016, to preserve asset value. Mr. Ramabhotla will receive salary in lieu of notice period as per his original appointment terms, and full and final settlement will be processed after standard clearances. This signals ongoing workforce restructuring at the senior management level under the insolvency framework.
For shareholders, this reflects the Resolution Professional actively cutting costs and restructuring operations at the top level, which is typical during CIRP and could help in the company's revival. However, it also signals continued operational stress and the uncertain environment under insolvency, which may weigh on near-term sentiment around the stock.