Reply to Clarification- Financial results

Buildinautestvles Since1967 02" December, 2025 Scrip Code : ANSALAPI National Stock Exchange of India Limited Exchange Plaza, Bandra-Kurla Complex, Bandra (East) Mumbai - 400 051 Reg: (i) Clarification/reply to the observations raised by the National Stock Exchange of India Limited (NSE) through its email dated the 28th November, 2025. Ref: (i) Email received from the NSE with captioned subject "Clarification for Financial results - ANSALAPI" dated the 28th November, 2025. (ii) Audited Financial Results (Standalone) of the Companyfor quarter/ year ended on the 31st March, 2025 submitted to stock exchanges on the 07th November, 2025 and prior intimation in this regard submitted on the 03rd November, 2025. (iii) Intimation submitted to the stock exchanges on the 25th February, 2025 for Commencement of Corporate Insolvency Resolution Process (CIRP) against Ansal Properties and Infrastructure Limited by Hon'ble National Company Law Tribunal (NCLT), New Delhi Bench, Court-IV in CPNo.: IB 558(ND)/2024. Dear Sir / Madam, With reference to the clarifications raised by your good office through an email dated the 28 November, 2025 on the Audited Financial Results of the Company for the quarter and year ended on the 3pt March, 2025, we wish to submit the following para wise clarification/reply raised in the aforementioned email: 1. Consolidated Financial Results not submitted kindly note that Corporate Insolvency Resolution Process (CIRP) of Ansal Properties and Infrastructure Limited ("APIL" or "Company") was initiated vide Order dated the 25 February, 2025 of the Hon'ble National Company LawTribunal, New Delhi Bench, Court IV (NCLT) in CPNo.: IB 558(ND)/2024 in accordance with the Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBe). With the initiation of CIRP,the powers of Board of Directors of the Company stand suspended and now affairs, business and assets of Company are being currently managed by Resolution Professional, Shri Navneet Kumar Gupta. Further, the Company had not disseminated its Audited Financial Results (consolidated) for the quarter and year ended on the 3pt March, 2025 (Financial Results), being required in accordance with provisions of the Companies Act, 2013 and SEBI Listing Regulations, as the subsidiaries of the Company and other companies to be consolidated in term of IND AS-110 are separate legal entities and the Company has not received Financial Statements/ other relevant data from the said companies. The aforesaid fact was duly intimated to your good office during prior intimation and at the time of dissemination of Audited Financial Results (Standalone) of the Company for quarter and year ended on the 31stMarch, 2025 on the 03rd November, 2025 and Ansal Properties and Infrastructure Limited (IN CIRP) 115,Ansal Bhawan, 16, Kasturba Gandhi Marg, New Delhi-110 001 Tel.: 011-23353550, 011-66302268/69 Website: www.ansalapi.com CIN: L45101DL 1967PLC004759 Email: Info@ansalapi.comlclrpofapll@minervaresolutlons.com th oa= 07 November, 2025, respectively (Letters summited on the November, 2025 and the 07 November, 2025, are collectively enclosed herewith along with acknowledgement as Annexure- A) 2. Limited Review Report/ Independent Auditor's Report is not in the format prescribed by SEBI-On the header of Auditors Report, Review Report is mentioned. The Statutory Auditor of the Company i.e., Mis. MRKSAssociates have reviewed the observation of the NSE and acknowledge the fact that the words "Independent Auditors' Review Report" instead of "Independent Auditors' Report" on the header of Auditor's Report was mentioned inadvertently. The letter issued by the Statutory Auditor of the Company in this regard, is enclosed herewith as Annexure - B. 3.The Statement of Impact of Audit Qualifications in case of modified opinion(s)/ Declaration of unmodified opinion submitted is not in the format prescribed by SEBI-Not signed by CFO and Audit Committee Chairman. Kindly note that after the initiation of the CIRP,the following directors have resigned from the Board of the Company and its committees: a. Shri Sunil Kumar Gupta (DIN: 06531451), Non-Executive and Independent Director of the Company and Chairman of the Audit Committee, has submitted his resignation letter dated the 21st February, 2025 to Shri Navneet Kumar Gupta, IRP of the Company (Currently designated as Resolution Professional), vide his email dated the 06thMarch, 2025. b. Shri Binay Kumar Singh (DIN: 10467660), Non- Executive and Independent Director of the Company and member of the Audit Committee, has submitted his resignation letter dated the 12thMarch, 2025 to Shri Navneet Kumar Gupta, IRP of the Company (Currently designated as Resolution Professional), vide his email dated the 12thMarch, 2025. c. Ms. Francette Patricia Atkinson (DIN: 10388863), Non-Executive- Independent Woman Director of the Company and member of the Audit Committee, has submitted her resignation dated the 23rd June, 2025 to Shri Navneet Kumar Gupta, the Resolution Professional of the Company, vide her email dated the 23rd June, 2025. The aforesaid resignations were not accepted by IRPIRP, though the concerned directors had filed e-form DIR -11 with the Registrar of Companies, Delhi. In accordance with the provisions of Regulation 15 (2B) of SEBIListing Regulations, inter- alia, the provisions as specified in Regulations 18 (Audit Committee) of SEBI Listing Regulations shall not be applicable during the insolvency resolution process period in respect of a company which is undergoing Corporate Insolvency Resolution Process under the Insolvency Code and the roles and responsibilities of the committees specified in the said regulation shall be fulfilled by the interim resolution professional or resolution professional. Shri Prashant Kumar vide his letter/email dated the 04th April, 2025, resigned from the position of Chief Financial Officer and President (Accounts and Finance) of the Company w.e.f. the 04th April, 2025. His resignation was subsequently agreed at the second meeting of the Committee of Creditors (COC) of Ansal Properties and Infrastructure Limited held on the April, 2025. Further, till date, no CFO was 11th appointed after his resignation. In view of the aforesaid Resignations, which were already duly intimated to the NSE, from time to time, Statement of Impact of Audit Qualifications was not signed by the Chairman of the Audit Committee and CFOof the Company. Yours faithfully, 1)AnsalProperties andInfrastructure Limited (APll) isundergoing Corporate For Ansa. Properties and Insolvency Resolution Processunder InsolvencyandBankruptcy Code,2016.It's affairs, businessandassetsarebeingmanagedbyShriNavneetKumarGupta, Infrastructure Limited Interim Resolution Professional(Currently designated asResolution Professional), appointed byHon'ble National CompanyLawTribunal (NClT),New Delhi,BenchIV,inCPNo.:IB558(ND)/2024 videOrderdatedthe 25th February, 2025. 2)TheSereneResidencyGroupHousingProjectofAPll, situated atSectorETA- II,Greater Noida,U.P,isalsomanagedbyShriNavneetKumarGupta, Resolution ProfessionalofsaidProject.TheResolution Planofthesaidproject wasapproved byHon'ble National Companylaw Tribunal (NClT), NewDelhi,BenchIIonthe 06th October, 2025. 3)TheFernhill ProjectofAPll, situated atDistrict Gurgaon,Haryana,ismanaged byShrilalesh KumarGrover, Resolution ProfessionalofthesaidProject. Encl: as above Building Lifestyles Since 1967 03rd November, 2025 Script Code: ANSALAPI Script Code:500013 National Stock Exchange BSELimited of India Ltd 25th Floor, Exchange Plaza, Phiroze Jeejeebhoy Towers Bandra-Kurla Complex, Dalal Street, Bandra (East) Mumbai - 400 001 Mumbai - 400 051 Reg.: (i) Prior intimation for dissemination of quarterlyl yearly Audited Financial results (Standalone) for the Financial year ended on the 31st March, 2025. Ref:. <I> Intimation submitted to the stock exchanges on the 25th February, 2025 for Commencement of Corporate Insolvency Resolution Process (CIRP) against Ansal Prop [Showing first 8,000 characters — download PDF for full document]