Ansal Properties reconstitutes board; promoter Pranav Ansal steps down, 3 new directors appointed
ANSALAPI · price
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Ansal Properties is under Corporate Insolvency Resolution Process (CIRP). Promoter Pranav Ansal vacated his positions as Chairman and Whole Time Director on 31 October 2025 during CIRP. Three other independent directors had already resigned earlier, leaving the board empty. Under Sections 167 and 168 of the Companies Act, Pranav Ansal as promoter has now appointed three new directors effective 3 February 2026 to reconstitute the board: Sanjay Jain (Supreme Court Advocate), Roshan Lal Kamboj (industrialist with 30 years in manufacturing) and Vipul Garg (senior executive in strategy and governance). NCLAT order dated 7 January 2026 confined CIRP to Lucknow and select Rajasthan projects.
Board empty board is filled after prolonged vacancy during insolvency. New external directors may bring oversight, but stock remains under CIRP-driven uncertainty.