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ANSALAPI - Ansal Properties

📊 NSE: ANSALAPI 🏢 Construction 📅 Last Updated: 12/13/2025 18:21

📢 Recent Corporate Announcements

Ansal Properties: 49th CoC Meeting Held for Fernhill Project Under Insolvency Process

🔴 NEGATIVE ⭐ 8/10

LEGAL 📅 27 Feb 2026, 02:38 PM

Ansal Properties & Infrastructure Limited (APIL) conducted the 49th Committee of Creditors (CoC) meeting for its Fernhill Project in Gurgaon on February 25, 2026. The CoC is primarily composed of homebuyers who hold 99.96% of the voting rights for this specific project. During the meeting, the appointment of a Site Manager was ratified with a 91.46% majority of the votes cast by the homebuyers. The company is currently undergoing project-wise insolvency, with separate resolution processes active for its Gurgaon, Lucknow, and Rajasthan developments.

49th CoC meeting for the Fernhill Project (Gurgaon) was held on February 25, 2026, to discuss ongoing resolution progress.
Homebuyers constitute 99.96% of the voting share in the project's Committee of Creditors, indicating their dominant role in the resolution.
The appointment of Mr. Chimman Singh as Site Manager was ratified with 91.46% of the cast votes in favor.
Resolution plan for the Serene Residency project was previously approved by NCLT on October 6, 2025, while other projects remain in CIRP.

💡 Equity investors should exercise extreme caution as the company is undergoing project-wise insolvency, which typically results in significant erosion of shareholder value. Monitor NCLT updates regarding the approval of resolution plans for the remaining projects to assess the company's long-term viability.

Ansal API to Hold 49th CoC Meeting for Fernhill Project on February 25, 2026

🔵 WATCH ⭐ 7/10

LEGAL 📅 21 Feb 2026, 05:08 PM

Ansal Properties & Infrastructure Limited (APIL) has announced the 49th Committee of Creditors (CoC) meeting for its Fernhill project in Gurgaon, scheduled for February 25, 2026. The company is currently undergoing project-wise Corporate Insolvency Resolution Process (CIRP) as per NCLAT orders. While the Serene Residency project's resolution plan was approved in October 2025, the Fernhill, Lucknow, and Rajasthan projects remain under active insolvency proceedings managed by different Resolution Professionals. This meeting is a critical step in determining the future of the Gurgaon-based asset.

49th Meeting of the Committee of Creditors for the Fernhill project scheduled for Feb 25, 2026.
Fernhill project is managed by Resolution Professional Jalesh Kumar Grover following NCLAT orders.
Resolution Plan for the Serene Residency project was already approved by NCLT on October 6, 2025.
Lucknow and Rajasthan projects are under a separate CIRP process as per NCLAT order dated Jan 7, 2026.
The insolvency process remains fragmented across different projects rather than the entire corporate entity.

💡 Investors should exercise extreme caution as the company is in a complex project-wise insolvency state. Monitor the outcomes of CoC meetings for any potential resolution plans that could impact the residual value of the listed entity.

Ansal API Proposes Appointment of Three Independent Directors via Postal Ballot

🔵 WATCH ⭐ 6/10

MANAGEMENT 📅 18 Feb 2026, 05:13 PM

Ansal Properties & Infrastructure Limited has initiated a postal ballot to seek shareholder approval for the appointment of three Non-Executive Independent Directors, including a new Chairman, for two-year terms. These appointments come while the company is navigating project-specific insolvency proceedings in Lucknow, Rajasthan, and Greater Noida. Notably, the proposed directors will receive nil remuneration initially, with future payments contingent on the company's return to profitability. Shareholders can cast their votes electronically between February 19 and March 20, 2026.

Proposed appointment of Shri Sanjay Jain as Chairman and Independent Director for a 2-year term.
Two additional Independent Directors, Roshan Lal Kamboj and Ashok Kumar Verma, proposed for 2-year terms.
All three directors are appointed with nil remuneration, subject to future board review upon profitability.
CIRP remains active for Lucknow and Rajasthan projects following an NCLAT order dated January 7, 2026.
E-voting period for shareholders is scheduled from February 19, 2026, to March 20, 2026.

💡 Investors should monitor the background of the new appointees and the voting results, as this new leadership will oversee the company's complex project-wise insolvency resolutions. The nil-remuneration clause is a critical detail for stakeholders to note regarding the company's current financial management.

ANSALAPI to Seek Shareholder Approval for Appointment of 6 Directors for 2-Year Term

🔵 WATCH ⭐ 6/10

MANAGEMENT 📅 17 Feb 2026, 07:09 PM

Ansal Properties & Infrastructure Limited (ANSALAPI) is seeking shareholder approval via postal ballot for the appointment and designation of six directors, including a new Chairman and Whole Time Director. These appointments are for a fixed two-year term effective from February 12, 2026, until February 11, 2028. The move comes as the company continues to navigate project-specific Corporate Insolvency Resolution Processes (CIRP) for its Lucknow, Rajasthan, and Gurgaon developments. Shareholders as of the February 13, 2026, cut-off date are eligible to vote, with results expected by March 22, 2026.

Appointment of 6 directors including Sanjay Jain as Chairman and Siddharth Goenka as Whole Time Director.
Directors appointed for a fixed term of 02 years from February 12, 2026, to February 11, 2028.
Postal ballot cut-off date fixed as February 13, 2026, with results due by March 22, 2026.
Company remains under project-specific CIRP for Lucknow, Rajasthan, and Greater Noida projects managed by Resolution Professionals.

💡 Investors should exercise extreme caution as the company is currently under project-wise insolvency proceedings. Monitor the postal ballot results and any further updates from the Resolution Professionals regarding the progress of the resolution plans.

Ansal API to Seek Shareholder Approval for 6 Director Appointments via Postal Ballot

🔵 WATCH ⭐ 7/10

MANAGEMENT 📅 17 Feb 2026, 07:03 PM

Ansal Properties & Infrastructure Limited is seeking shareholder approval for the appointment of six directors, including a new Chairman and Whole Time Director, for two-year terms ending February 2028. This restructuring occurs amidst ongoing legal proceedings where the NCLAT has confined the Corporate Insolvency Resolution Process (CIRP) to specific projects in Lucknow and Rajasthan. The company has fixed February 13, 2026, as the cut-off date for determining voting eligibility. Results of the postal ballot are expected to be announced by March 22, 2026.

Seeking approval for 6 director appointments for a 2-year term effective from February 12, 2026, to February 11, 2028.
Shri Sanjay Jain designated as Chairman and Non-Executive Independent Director.
Cut-off date for Postal Ballot eligibility set for February 13, 2026, with results due by March 22, 2026.
NCLAT order dated January 7, 2026, limits the insolvency process to Lucknow and Rajasthan projects only.
Resolution plan for the Serene Residency project was approved by NCLT on October 6, 2025.

💡 Investors should closely monitor the outcome of the postal ballot and the progress of project-specific insolvency resolutions, as the company remains in a high-risk recovery phase. The restructuring of the board is a necessary step for governance, but the underlying legal and financial challenges persist.

Ansal Properties Seeks Shareholder Approval for 6 Board Appointments via Postal Ballot

🔵 WATCH ⭐ 7/10

MANAGEMENT 📅 17 Feb 2026, 06:37 PM

Ansal Properties & Infrastructure Limited is seeking shareholder approval for the appointment of six directors, including a new Chairman and a Whole Time Director, for a two-year term ending February 2028. This management restructuring follows a series of board changes in early February 2026 and occurs while the company is under project-specific Corporate Insolvency Resolution Process (CIRP). The insolvency proceedings are currently confined to specific projects in Lucknow and Rajasthan following an NCLAT order dated January 7, 2026. Investors should track these appointments as the company attempts to stabilize governance amidst ongoing legal and financial restructuring.

Proposed appointment of 6 directors including Sanjay Jain as Chairman and Siddharth Goenka as Whole Time Director.
Appointments are for a fixed 2-year term effective from February 12, 2026, to February 11, 2028.
Postal ballot cut-off date set for February 13, 2026, with voting results due by March 22, 2026.
CIRP remains active but confined to Lucknow and Rajasthan projects per NCLAT order dated January 7, 2026.
Resolution Plan for the Serene Residency project was previously approved by NCLT on October 6, 2025.

💡 Investors should exercise caution due to the ongoing project-specific insolvency proceedings and monitor if the new board can successfully navigate the company out of its current legal distress. The stock remains high-risk until there is more clarity on the resolution of the Lucknow and Rajasthan project liabilities.

Ansal Properties Delays Q3 FY26 Results Due to CIRP and Board Reconstitution

🔴 NEGATIVE ⭐ 8/10

REGULATORY 📅 13 Feb 2026, 05:41 PM

Ansal Properties & Infrastructure Limited has announced a delay in the submission of its Un-Audited Financial Results for Q3 and the nine months ended December 31, 2025, missing the February 14, 2026 deadline. This delay is attributed to the company's recent Corporate Insolvency Resolution Process (CIRP) and the fact that the Board of Directors was entirely vacant until its reconstitution on February 8-9, 2026. Following an NCLAT order on January 7, 2026, the CIRP has been narrowed to only the Lucknow and Rajasthan projects, returning general management to the new Board. The company also noted that Q2 FY26 results remain pending.

Delay in Q3 FY26 financial results beyond the SEBI-mandated deadline of February 14, 2026.
NCLAT order on January 7, 2026, confined CIRP proceedings specifically to Lucknow and Rajasthan projects.
Board of Directors was reconstituted on February 8th and 9th, 2026, after being vacant during the insolvency process.
Trading window has been closed since October 1, 2025, and will remain closed until 48 hours after result declaration.
Specific projects like Serene Residency and Fernhill remain under the management of separate Resolution Professionals.

💡 Investors should remain highly cautious given the ongoing insolvency proceedings for specific projects and the significant delay in financial reporting. The ability of the newly reconstituted Board to provide transparency and stabilize the company's financial position is a critical watchpoint.

Ansal Properties & Infrastructure IT Head Sanjay Kumar Resigns Effective Feb 2026

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 13 Feb 2026, 12:51 PM

Ansal Properties & Infrastructure Limited (ANSALAPI) has announced the resignation of Shri Sanjay Kumar from the post of Head of Information Technology, effective February 12, 2026. The resignation was submitted on January 13, 2026, with the executive citing a desire to pursue new career opportunities. This management change occurs while the company is undergoing Corporate Insolvency Resolution Process (CIRP) for specific projects in Lucknow, Rajasthan, and Greater Noida. The company's operations are currently being managed by Resolution Professionals as per various NCLAT and NCLT orders.

Shri Sanjay Kumar resigned as Head of Information Technology effective February 12, 2026.
The resignation letter was submitted on January 13, 2026, following a 30-day notice period.
Company projects in Lucknow and Rajasthan are under CIRP as per NCLAT order dated January 07, 2026.
The Resolution Plan for the Serene Residency project was approved by NCLT on October 06, 2025.
The company remains under the oversight of Resolution Professionals Shri Navneet Kumar Gupta and Shri Jalesh Kumar Grover for specific projects.

💡 Investors should monitor the progress of the Corporate Insolvency Resolution Process (CIRP) rather than this routine management exit. The stock remains a high-risk investment due to ongoing insolvency proceedings and project-specific legal complexities.

Ansal Properties Reconstitutes Board; Appoints Sanjay Jain as Chairman and 5 Other Directors

🔵 WATCH ⭐ 7/10

MANAGEMENT 📅 12 Feb 2026, 06:40 PM

Ansal Properties & Infrastructure Limited has overhauled its board following the exit of promoter Pranav Ansal as Chairman in October 2025. The board has appointed Shri Sanjay Jain, a Supreme Court advocate, as the new Chairman and Independent Director for a two-year term effective February 11, 2026. Five other directors, including Roshan Lal Kamboj and Siddhartha Goenka (Whole Time Director), have been appointed to fill vacancies. This leadership transition occurs while the company is undergoing project-wise Corporate Insolvency Resolution Processes (CIRP) for its Lucknow, Rajasthan, and Haryana developments.

Shri Sanjay Jain appointed as Chairman and Independent Director for a 2-year term ending February 2028
Promoter Pranav Ansal ceased all board positions including Chairman and WTD effective October 31, 2025
Appointment of 6 new directors including a Whole Time Director, a Woman Director, and three Independent Directors
Company remains under project-wise CIRP for specific projects in Lucknow, Rajasthan, and Gurgaon as per NCLAT orders
New board members bring diverse experience in law, manufacturing, finance, and real estate governance

💡 Investors should closely monitor whether this professional board reconstitution can improve governance and expedite the ongoing insolvency resolution processes. The stock remains a high-risk play due to active NCLT proceedings and project-specific defaults.

Ansal Properties Reconstitutes Board with 3 New Directors Amid Ongoing Insolvency Process

🔵 WATCH ⭐ 7/10

MANAGEMENT 📅 05 Feb 2026, 09:04 PM

Ansal Properties & Infrastructure Limited has appointed Ashok Kumar Verma, Siddhartha Goenka, and Kanta Devi as Additional Directors effective February 5, 2026. This board overhaul follows the resignation of three previous directors during the company's Corporate Insolvency Resolution Process (CIRP). The company is currently addressing penalties from NSE and BSE for non-compliance with financial reporting regulations for four consecutive quarters ending September 2025. Recent legal developments have confined the CIRP to specific projects in Lucknow and Rajasthan, while other projects like Serene Residency have already seen resolution plans approved.

Appointed three new Additional Directors including Kanta Devi and Ashok Kumar Verma effective Feb 5, 2026
Noted the resignation of three directors previously serving during the insolvency process
Acknowledged stock exchange penalties for non-compliance with Reg 33 for four quarters from Dec 2024 to Sept 2025
NCLAT order dated Jan 7, 2026, confined CIRP to Lucknow and specific Rajasthan projects
Resolution Plan for the Serene Residency project was approved by NCLT on Oct 6, 2025

💡 Investors should exercise extreme caution as the company remains under project-specific insolvency proceedings and faces regulatory penalties. Monitor the new board's ability to restore financial reporting compliance and the progress of remaining resolution plans.

Ansal Properties Reconstitutes Board Amid CIRP and Regulatory Penalties

🔵 WATCH ⭐ 8/10

MANAGEMENT 📅 05 Feb 2026, 09:04 PM

Ansal Properties & Infrastructure Limited has overhauled its board, noting the resignations of three independent directors and appointing three new additional directors. The company is currently navigating a Corporate Insolvency Resolution Process (CIRP), which was recently confined to specific projects in Lucknow and Rajasthan by the NCLAT. Stock exchanges have imposed penalties for non-compliance with financial reporting for four consecutive quarters and the 2024-25 financial year. Additionally, a resolution plan for the Serene Residency project was approved by the NCLT in October 2025.

Noted resignations of 3 Independent Directors effective between March and June 2025.
Appointed 3 new Additional Directors including professionals in finance, textiles, and social reform effective Feb 5, 2026.
NSE and BSE levied penalties for non-compliance with Regulation 33 for 4 quarters ending Sept 2025.
CIRP confined to Lucknow and Rajasthan projects per NCLAT order dated Jan 7, 2026.
Resolution Plan for Serene Residency Group Housing Project approved by NCLT on Oct 6, 2025.

💡 Investors should exercise extreme caution as the company remains under insolvency proceedings and faces significant regulatory penalties. Monitor the effectiveness of the newly reconstituted board in addressing compliance failures and the progress of project-specific resolution plans.

Ansal API Reconstitutes Board and Updates on Project-Specific Insolvency Proceedings

🔵 WATCH ⭐ 8/10

MANAGEMENT 📅 05 Feb 2026, 08:40 PM

Ansal Properties & Infrastructure Limited (APIL) has reconstituted its board by appointing three new additional directors following the resignation of three independent directors during the insolvency process. The company acknowledged penalties from NSE and BSE for failing to submit financial results for four consecutive quarters and the FY 2024-25 annual report. Legally, the NCLAT has restricted the Corporate Insolvency Resolution Process (CIRP) to specific projects in Lucknow and Rajasthan. Additionally, a resolution plan for the Serene Residency project was approved by the NCLT in October 2025, indicating progress in project-level restructuring.

Appointed three new Additional Directors including experts in finance, textiles, and social reform to the board.
Acknowledged SEBI penalties for non-compliance with financial reporting for four quarters (Dec 2024 to Sept 2025).
NCLAT order dated Jan 7, 2026, confined the CIRP process to Lucknow and specific Rajasthan projects.
Resolution Plan for the Serene Residency Group Housing Project was approved by NCLT on Oct 6, 2025.
Noted the resignation of three Independent Directors that occurred between March and June 2025 during the CIRP.

💡 Investors should exercise extreme caution as the company remains under project-specific insolvency and has significant compliance failures. Monitor the new board's ability to regularize financial filings and the progress of the various resolution professionals.

Ansal Properties Reconstitutes Board; Appoints 3 New Directors Including Vipul Garg

🔵 WATCH ⭐ 7/10

MANAGEMENT 📅 03 Feb 2026, 05:55 PM

Ansal Properties & Infrastructure Limited has reconstituted its Board of Directors following the resignation of all previous members, including the promoter Chairman Pranav Ansal. The company, currently undergoing project-specific Corporate Insolvency Resolution Process (CIRP), has appointed Shri Sanjay Jain, Shri Roshan Lal Kamboj, and Shri Vipul Garg as directors effective February 03, 2026. This move aims to restore corporate governance as the company navigates legal proceedings under the NCLAT and NCLT. The CIRP is currently confined to specific projects in Lucknow and Rajasthan, while other projects like Serene Residency have approved resolution plans.

Appointment of 3 new directors: Sanjay Jain, Roshan Lal Kamboj, and Vipul Garg effective Feb 03, 2026
Cessation of Shri Pranav Ansal as Chairman and Whole Time Director effective October 31, 2025
Board reconstitution follows the resignation of all previous directors during the ongoing CIRP process
CIRP currently confined to Lucknow and Rajasthan projects per NCLAT order dated January 07, 2026
Vipul Garg brings over 17 years of experience in strategic planning and corporate governance

💡 Investors should remain extremely cautious as the company is under insolvency proceedings and management is being restructured under legal oversight. Monitor the progress of project-specific resolution plans and NCLAT proceedings before considering any position.

Ansal Properties Reconstitutes Board; Pranav Ansal Ceases as Chairman Amid CIRP

🔵 WATCH ⭐ 8/10

MANAGEMENT 📅 03 Feb 2026, 05:55 PM

Ansal Properties & Infrastructure Limited (APIL) has reconstituted its Board of Directors following the cessation of Promoter Pranav Ansal as Chairman and Whole Time Director effective October 31, 2025. Due to the resignation of all previous directors during the Corporate Insolvency Resolution Process (CIRP), three new directors—Sanjay Jain, Roshan Lal Kamboj, and Vipul Garg—were appointed on February 3, 2026. The company remains under CIRP, though a January 7, 2026, NCLAT order has confined the insolvency process to specific projects in Lucknow and Rajasthan. Additionally, the resolution plan for the Serene Residency project was approved by the NCLT on October 6, 2025.

Pranav Ansal ceased as Chairman and Whole Time Director effective October 31, 2025.
Three new directors appointed on February 3, 2026, to restore the Board after all previous members resigned.
NCLAT order dated January 7, 2026, limited CIRP scope to Lucknow and specific Rajasthan projects.
NCLT approved the resolution plan for the Serene Residency Group Housing Project on October 6, 2025.
The company is currently managed by Resolution Professionals Navneet Kumar Gupta and Jalesh Kumar Grover for various projects.

💡 Investors should exercise extreme caution as the company is still navigating complex insolvency proceedings. Monitor the progress of project-specific resolution plans and the impact of the new board on the company's ability to meet its obligations.

Ansal Properties Reconstitutes Board; Pranav Ansal Steps Down as Chairman Amid CIRP

🔵 WATCH ⭐ 7/10

MANAGEMENT 📅 03 Feb 2026, 05:55 PM

Ansal Properties & Infrastructure Limited has announced the cessation of Shri Pranav Ansal as Chairman and Whole Time Director effective October 31, 2025, amid ongoing Corporate Insolvency Resolution Process (CIRP). Following the resignation of all previous board members, the promoter has appointed three new directors—Shri Sanjay Jain, Shri Roshan Lal Kamboj, and Shri Vipul Garg—effective February 3, 2026, to reconstitute the board. The company remains under insolvency proceedings, with specific projects in Lucknow, Rajasthan, and Greater Noida being managed by Resolution Professionals. This board reconstitution is a mandatory regulatory step under the Companies Act to maintain corporate governance during the resolution phase.

Shri Pranav Ansal ceased to be Chairman and Whole Time Director effective October 31, 2025.
Three new directors (Sanjay Jain, Roshan Lal Kamboj, Vipul Garg) appointed effective February 3, 2026, to fill board vacancies.
NCLAT order dated January 7, 2026, has confined CIRP to specific projects in Lucknow and Rajasthan.
Resolution Plan for the Serene Residency Group Housing Project was approved by NCLT on October 6, 2025.
The company had no directors on its board prior to these new appointments due to multiple resignations during CIRP.

💡 Investors should exercise extreme caution as the company is currently under insolvency proceedings. Monitor the progress of project-specific resolution plans and the ability of the new board to navigate the legal recovery process.

View All ANSALAPI Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Revenue from operations decreased during FY24, leading to a 29% decline in the Debtors Turnover Ratio (from 2.56 to 1.81 times) and a 39% decline in the Inventory Turnover Ratio (from 0.15 to 0.09 times). Specific segment-wise percentage growth is not disclosed.

Geographic Revenue Split

Not disclosed in available documents, though operations are concentrated in North India with specific projects like 'Fernhill' in Gurgaon and 'Serene Residency' in Sector ETA.

Profitability Margins

Operating Profit Margin improved significantly from 19% in FY23 to 44.87% in FY24, a 136% increase. Net Profit Margin shifted from (57.71)% in FY23 to 0.996% in FY24, representing a 102% improvement due to reported profits during the year.

EBITDA Margin

Operating Profit Margin stood at 44.87% for FY24, up from 19% in FY23. This 136% YoY increase was driven by higher operating profits despite a decrease in overall revenue from operations.

Capital Expenditure

Not disclosed in available documents; however, the company reduced its total loans by INR 56.55 Cr (16.6%) from INR 340.55 Cr in FY23 to INR 284.00 Cr in FY24 to manage liquidity.

Credit Rating & Borrowing

The company is facing severe liquidity issues and is undergoing Corporate Insolvency Resolution Process (CIRP). Borrowing costs include a demanded interest rate of 18% per annum on delayed payments to subsidiary ATIL. Finance costs decreased 4.3% YoY to INR 13.76 Cr.

⚙️ Operational Drivers

Raw Materials

Construction materials (steel, cement, bricks) are the primary inputs, though specific percentage costs for each are not disclosed. Total inventory, including construction work-in-progress, stood at INR 2,627.21 Cr.

Capacity Expansion

Current focus is on project completion under CIRP rather than expansion. Key projects include Fernhill (Gurgaon) and Serene Residency. Inventory levels decreased by INR 168.43 Cr (approx 6%) as projects progressed or were revalued.

Raw Material Costs

Construction costs decreased in FY24, contributing to the 39% decline in the Inventory Turnover Ratio. Specific procurement strategies are currently managed by the Resolution Professional.

Manufacturing Efficiency

Inventory Turnover Ratio is extremely low at 0.09 times, indicating slow-moving real estate stock and liquidity constraints affecting project completion speed.

📈 Strategic Growth

Expected Growth Rate

Growth Strategy

The company is currently in a defensive/recovery mode under CIRP. Strategy involves the 'Fernhill Project' resolution, settlement of NPA borrowings (e.g., OTS with IFIN for INR 111.36 Cr), and reconciling balances with subsidiaries like Ansal Hi-Tech Townships (INR 7.30 Cr gap).

Products & Services

Real estate products including residential apartments (Fernhill Project, Serene Residency), townships, and commercial properties.

Brand Portfolio

Ansal API

New Products/Services

No new launches reported; focus is on existing 'ongoing and completed real estate projects' and 'unlaunched projects' currently in inventory.

Market Expansion

No expansion planned; the company is focused on resolving insolvency for existing projects in the Delhi-NCR region.

Strategic Alliances

Significant investments in joint ventures and associates valued at INR 490.86 Cr as of March 31, 2024.

🌍 External Factors

Industry Trends

The real estate industry is experiencing a recession, leading to liquidity issues for developers. The company is positioned in a recovery phase, attempting to revive liquidity through OTS and CIRP.

Competitive Landscape

Operates in the highly competitive North India real estate market against other large developers, currently disadvantaged by legal and financial restructuring.

Competitive Moat

The company cites 'Building Lifestyles Since 1967' as a brand heritage moat, but this is currently weakened by a negative net worth and insolvency proceedings.

Macro Economic Sensitivity

Highly sensitive to real estate sector cycles and interest rates. Accumulated losses of INR 1,525.38 Cr are partly attributed to industry-wide recession.

Consumer Behavior

Demand is impacted by project delays; the company is focused on completing projects like Fernhill to restore consumer trust.

⚖️ Regulatory & Governance

Industry Regulations

Subject to RERA; some projects have lapsed registrations under the Haryana RERA Act. Project audits by Asija Associates were mandated by RERA authorities.

Legal Contingencies

The company is in CIRP as of Feb 25, 2025. Pending issues include INR 143.74 Cr owed to subsidiary ATIL and a reconciliation gap of INR 7.30 Cr with Ansal Hi-Tech Townships Limited.

⚠️ Risk Analysis

Key Uncertainties

The primary uncertainty is the outcome of the CIRP. Auditor's qualified opinion notes that if unrecognized interest of INR 36.46 Cr was included, the company would report a loss of INR 31.66 Cr instead of a profit.