The Company has informed the Exchange regarding Appointment of Mr Ashok Kumar Verma 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 reshuffle. Promoter Pranav Ansal vacated his positions as Chairman, Whole Time Director and Director w.e.f. 31st October 2025, with the intimation filed on 3rd February 2026. Under Sections 167/168 of the Companies Act, Pranav Ansal appointed three new directors on 3rd February 2026 — Sanjay Jain, Roshan Lal Kamboj, and Vipul Garg. A subsequent board meeting on 11th February 2026 finalised designations for a 2-year term: Sanjay Jain as new Chairman and Independent Director, Roshan Lal Kamboj and Ashok Kumar Verma as Independent Directors, Vipul Garg as Non-Executive Director, Kanta Devi as Non-Executive Woman Director, and Siddhartha Goenka as Whole Time Director. The company also disclosed that the NCLAT has confined the ongoing insolvency resolution process (CIRP) to only the Lucknow and Rajasthan projects, with separate resolution professionals managing Serene Residency and Fernhill projects.
The exit of promoter Pranav Ansal from all executive roles signals a leadership transition likely linked to the company's ongoing insolvency proceedings. The appointment of a new independent Chairman and a professionalised board may be viewed positively, but the broader insolvency overhang on key projects remains a major risk for shareholders.