The Company has informed the Exchange regarding Appointment of Mr Roshan Lal Kamboj as Non- Executive Independent Director of the company w.e.f. February 12, 2026.
ANSALAPI · price
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Ansal Properties & Infrastructure has undergone a major board overhaul. Promoter Pranav Ansal ceased from his positions as Chairman, Whole Time Director and Director on 31st October 2025 (intimated on 3 February 2026). He had appointed Sanjay Jain, Roshan Lal Kamboj and Vipul Garg as directors on 3 February 2026, followed by Kanta Devi, Ashok Kumar Verma and Siddhartha Goenka on 5 February 2026. At the 11 February 2026 board meeting, all six were formally designated for a 2-year term till 10 February 2028, with Sanjay Jain (a Supreme Court advocate) named as the new Non-Executive Independent Chairman and Siddhartha Goenka as Whole Time Director. None of the new directors are related to existing board members or the promoter. All appointments require shareholder approval at the next general meeting. Importantly, the company is under IBC Corporate Insolvency Resolution Process (confined to Lucknow and Rajasthan projects per NCLAT order dated 7 January 2026), with separate Resolution Professionals managing specific projects including Serene Residency and Fernhill.
This is a significant governance reset happening alongside the company's ongoing insolvency resolution process. The exit of the promoter and appointment of a largely independent board with a Supreme Court lawyer as Chairman signals a professionalization effort during CIRP, but shareholders face continued uncertainty given the insolvency proceedings and the need for shareholder approval of these appointments.