The Company has informed the Stock Exchange that resignation of Shri Prashant Kumar from the post of Chief Financial Officer (CFO) and President (Accounts and Finance) of the Company w.e.f the 04th April, 2025, which was under consideration, has been agreed at second (2nd) Meeting of the Committee of Creditors (COC) of Ansal Properties and Infrastructure Limited held on Friday, 11th April, 2025 .
ANSALAPI · price
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Ansal Properties & Infrastructure has informed the stock exchange that the resignation of Shri Prashant Kumar from the post of Chief Financial Officer and President (Accounts and Finance) has been accepted. His resignation is effective from 4th April 2025. The acceptance was confirmed at the second meeting of the Committee of Creditors held on 11th April 2025. The presence of a Committee of Creditors indicates the company is currently undergoing the Corporate Insolvency Resolution Process (CIRP) under the IBC. Mr. Kumar held two senior finance roles simultaneously in the company.
A CFO exit during ongoing insolvency proceedings can raise governance concerns and create temporary uncertainty around financial reporting and decision-making. Shareholders should watch for the appointment of a new CFO, as the company's financial leadership is critical during the resolution process.