Ansal Properties Releases Quarterly and Annual Financial Results; Updates on Ongoing Insolvency Projects

Ansal Properties Releases Quarterly and Annual Financial Results; Updates on Ongoing Insolvency Projects​

Ansal Properties & Infrastructure Limited (APIL) disclosed its un-audited financial results for several quarters of Fiscal Year 2025-26, alongside its audited financial results for FY2024-25. The company also approved key changes regarding board composition and professional appointments during a Board meeting held on June 17, 2026.

The company released the un-audited standalone financial results covering the first quarter (Q1) ended June 30, 2025; the second quarter (Q2) ended September 30, 2025; and the third quarter (Q3) ended December 31, 2025.

The audited standalone financial results for the fourth quarter/year ending March 31, 2025, were also approved by the Board of Directors.

Financial Results and Reporting Challenges​

While the company provided multiple interim reports, APIL noted difficulties in providing consolidated financial results for certain quarters. The management stated that although the company has subsidiaries, as per IND-AS 110, some are separate legal entities, making it difficult to obtain necessary financial statements and data from them for consolidation. As a result, the company is currently submitting standalone financial results only for the quarter ended June 30, 2025; September 30, 2025; and December 31, 2025.

The company also noted that while previous interim results were disseminated to stock exchanges, there was no modification in those reports. The management provided a statement detailing the impact of audit qualifications for the Financial Year ended March 31, 2025, across all submitted financial statements.

Governance and Key Appointments​

During the board meeting, several corporate decisions were finalized:

• Director Status: The status of Smt. Kanta Devi (DIN: 08682540), NonExecutive Woman Director, was approved to change from 'not liable to retire by rotation' to 'liable to retire by rotation,' subject to approval by shareholders at the ensuing General Meeting.
• Professional Appointments:

* M/s Roni & Associates, Company Secretaries, was appointed as the Secretarial Auditor for FY2025-30, pending shareholder approval.
* M/s J.D. Associates, Cost Accountants, was appointed as the Cost Auditor for FY2025-26, subject to ratification by shareholders.
* MRKS and Associates, Chartered Accountants, was appointed as the Statutory Auditors until the conclusion of the 63rd Annual General Meeting in 2030, pending shareholder approval.

Status of Insolvency and Legal Matters​

The company provided an update on its multiple insolvency resolutions and ongoing legal disputes concerning various projects:

Corporate Insolvency Resolution Process (CIRP):

• The CIRP for projects located at Lucknow Mother City and Mother City Extension in Lucknow, as well as the assets in Rajasthan (including built-up properties in Ajmer, Jodhpur, and Jaipur), was confined to APIL by order from the National Company Law Appellate Tribunal on January 7, 2026.
• The CIRP for the Serene Residency Group Housing Project located at Sector ETA II, Greater Noida, has been approved by a Resolution Plan as of October 6, 2025. The company recognized a net exceptional gain of Rs 5,908 Lakhs in its books during the quarter ended December 2025 following the implementation of this plan.
• Two separate project-specific CIRPs were initiated under Part-II of IBC 2016: one against the Fernhill Project in Gurgaon, and another against the Sushant Serene Residency in Greater Noida.

Litigation and Debt Matters:

• The company faced issues concerning loan accounts that were classified as Non-Performing Assets (NPA) by certain banks/financial institutions. The company did not recognize interest for the period from April 1, 2024, to March 31, 2025, on these NPA borrowings in settlement agreements with Lenders.
• The management reported multiple legal and regulatory issues across projects, including:

* A consumer complaint filed by Prem Prakash Rajpurohit & Ors. regarding Ansal Hi Tech Township Ltd., where the High Court of Delhi stayed previous status quo directions as of May 11, 2026.
* An arbitration petition filed before the Delhi High Court against an asset of Ansal Hi-Tech Township Ltd., which is listed for hearing on July 27, 2026.
* A writ petition challenging the cancellation of a license pertaining to the Sushant Megapolis/Dadri Project in Lucknow, currently listed for hearing on July 13, 2026.

Financial Standing at September 30, 2025​

The unaudited standalone financial statements as of September 30, 2025 showed significant metrics:

• Total Assets stood at Rs 318,916.81 lakh.
• Net Worth was reported at (Rs 180,348.52) lakh.

The company's management highlighted that accumulated losses as of September 30, 2025 exceeded share capital and free reserves, resulting in an erosion of net worth, with current liabilities exceeding current assets by Rs 2,23,031.32 lakh. The company stated it continues to face liquidity issues due to repayment obligations and CIRP proceedings in major projects across Uttar Pradesh and Rajasthan.

ANSALAPI Stock Price Movement​

Shares of Ansal Properties & Infrastructure Limited shed 1.79% in trading on Wednesday, closing at ₹3.29. The stock traded within a tight range, moving between a high of ₹3.30 and a low of ₹3.29, with a total traded volume of 13,771 shares recorded.