Ansal Properties & Infrastructure Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
ANSALAPI · price
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Ansal Properties & Infrastructure Limited has announced the results of its Postal Ballot conducted via remote e-voting from 19th February 2026 to 20th March 2026. Shareholders approved all six resolutions with overwhelming support of 99.48% in favor and only 0.52% against. The resolutions include the appointment of three Non-Executive Independent Directors (Sanjay Jain as Chairman, Roshan Lal Kamboj, and Ashok Kumar Verma), one Non-Executive Director (Vipul Garg), one Non-Executive Woman Director (Kanta Devi), and one Whole Time Director (Siddharth Goenka), all for a 2-year term from 12th February 2026 to 11th February 2028. None of the appointed directors are debarred by SEBI or related to existing board members. Important context: the company's Lucknow and Rajasthan projects remain under Corporate Insolvency Resolution Process (CIRP) following an NCLAT order dated 7th January 2026, with a Resolution Professional managing these and other specific projects (Serene Residency in Greater Noida and Fernhill in Gurgaon).
This is a routine corporate governance announcement showing strong shareholder support (over 99%) for board reconstitution, with no material financial or operational impact expected for shareholders. Investors should note the ongoing insolvency proceedings on certain projects, which remain a separate and more material concern for the company's overall health.