Ansal Properties & Infrastructure Ltd

Dividend status

• Board did not recommend any dividend for the financial year ended 31 March 2026.

Ansal Properties & Infrastructure Ltd trading window closed from 01 April 2026 and will remain closed till completion of 48 hours after the declaration/dissemination of Audited Financial Results for the year ended 31 March 2026 and Un-Audited Financial Results for the quarter ended 30 June 2026 and quarter/half year ended 30 September 2026.

Meeting Details

• Date: 29 September 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve Audited Standalone Financial Results for quarter/year ended 31 March 2026.
• Recommend dividend, if any, for FY 2025-26.

Other Notes

• Trading window closed from 01 April 2026 until 48 hours after results dissemination.
• Consolidated results unavailable due to subsidiaries pending consolidation under IND AS-110.
• Insolvency actions: proceedings confined to Lucknow/Rajasthan projects; resolution plans for Serene Residency and Fernhill approved.

Governance actions

• Forensic auditor appointed: AdvaRisk (SLO Technologies), effective 19 Aug 2026.
• Audit scope covers transactions from Apr 2016 to Mar 2026.
• Background: AdvaRisk is a division of SLO Technologies formed by finance professionals.

Sale-deed authorisations

• Cancellation of authorisations for signing sale deeds to Dhirendra Singh, Devendra Kumar Agrawal, Inder Goel.
• Authorisation granted to Shreesh Asthana and Sandeep Mishra to sign sale deeds for Sushant Taj City, Agra.
• Cessations reflect revised authority; no further material reasons stated.

Resolution Professionals appointments

• Navneet Kumar Gupta appointed RP for Lucknow and Rajasthan projects per 7 Jan 2026 order.
• Jalesh Kumar Grover appointed RP for Fernhill Project per 7 Jan 2026 order.

Background and regulatory context

• Background: AdvaRisk is a division of SLO Technologies formed by finance professionals.
• No disclosed relationships between new appointees and existing directors/promoters.
• Regulatory backdrop cited: CIRP confinement and Serene Residency resolution approvals.

Delay in results

• Delay in Q1 FY27 un-audited results beyond 14 Aug 2026 due to ongoing audited FY26 finalization.
• Audited FY26 results were to be declared by 30 May 2026.
• Trading window closed from 1 Apr 2026; remains closed 48 hours post results.
• Company will inform stock exchanges on the declaration of the audited/un-audited results.

Regulatory updates & projects

• NCLT order confines CIRP to Lucknow and Rajasthan projects.
• Resolution Professional Navneet Kumar Gupta manages the Lucknow and Rajasthan projects.
• Serene Residency Project managed by Navneet Kumar Gupta; NCLT approval dated 06 Oct 2025.
• Fernhill Project in Haryana managed by Jalesh Kumar Grover.

Filing Status

• APIL is undergoing CIRP under IBC; affairs managed by Interim Resolution Professional Navneet Kumar Gupta.
• Consolidated results not submitted; data from subsidiaries not yet received.

Audit & Reporting

• Header should read Independent Auditors' Report, not Independent Auditors' Review, per auditor clarification.
• CFO Prashant Kumar resigned on 4 April 2025; no replacement yet.
• Statement on impact of audit qualifications not signed by CFO or Audit Committee chair.

Governance / Board Changes

• Sunil Kumar Gupta, Binay Kumar Singh, and Francette Atkinson resigned; IRP did not accept.
• Resignations filed via DIR-11 but not accepted during CIRP.
• Prashant Kumar resigned as CFO; no replacement appointed to date.

Dividend & Trading Window

• Dividend for 2024-25 not recommended.
• Trading window closed from 01-Apr-2025 until 48 hours after results.