The Company has informed the Exchange regarding Appointment of Mr Vipul Garg as Non- Executive Director of the company w.e.f. February 12, 2026.
ANSALAPI · price
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Ansal Properties & Infrastructure has undergone a sweeping board overhaul. Promoter Pranav Ansal vacated his positions as Chairman, Whole Time Director and Director effective October 31, 2025 (intimated to the exchange on February 3, 2026). Using his power under Sections 167/168 of the Companies Act, he appointed Sanjay Jain, Roshan Lal Kamboj and Vipul Garg as directors on February 3, 2026. The board then appointed three more Additional Directors on February 5, 2026 — Kanta Devi, Ashok Kumar Verma and Siddhartha Goenka. In a board meeting on February 11, 2026, all six were redesignated for a 2-year term, with Sanjay Jain (a Supreme Court advocate) named Chairman and Non-Executive Independent Director, Siddhartha Goenka as Whole Time Director, and the rest as Non-Executive Directors. All appointments need shareholder approval. Importantly, the company's Lucknow and Rajasthan projects are under Corporate Insolvency Resolution Process (IBC) since an NCLAT order dated January 7, 2026, and the Serene Residency project is also managed by a Resolution Professional.
For shareholders, this is a significant governance reset at a financially distressed company under IBC proceedings. The exit of the promoter-founder and entry of a largely professional, independent board led by a legal expert as Chairman could bring stability, but the company remains under insolvency resolution — so the real outcome depends on the resolution plan's progress rather than board changes alone.