The Exchange had sought clarification from Ansal Properties & Infrastructure Limited for the quarter ended 30-Jun-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Consolidated Financial Results not submitted The response of the Company is enclosed.
ANSALAPI · price
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NSE sought clarification from Ansal Properties & Infrastructure Limited regarding Regulation 33 non-compliance — specifically, the company had not submitted Consolidated Financial Results for the quarter ended 30 June 2025. The company explained that its Corporate Insolvency Resolution Process (CIRP) was initiated by NCLT on 25 February 2025, which suspended the Board of Directors. As a result, the company could not obtain financial data from subsidiary entities required for consolidation under IND AS-110. Subsequently, an NCLAT order dated 7 January 2026 confined the CIRP to only the Lucknow and Rajasthan projects. The Board was reconstituted on 3 and 5 February 2026, and the company stated all financial results will be considered at a future Board meeting.
The company is emerging from a partial insolvency process and is working to regularize its compliance. Delayed financial reporting remains a concern for investors, but the reconstitution of the Board signals a return to governance normalcy.