Ansal Properties Initiates Forensic Audit; Cancels Previous Authorizations
Ansal Properties & Infrastructure Ltd. has initiated a forensic audit by AdvaRisk, effective August 19, 2026, to investigate transactions from April 1, 2016, to March 31, 2026. The company also canceled previous authorizations for signing sale deeds for the Sushant Taj City, Agra Project and appointed new authorized signatories. CIRP is now limited to Lucknow and Rajasthan projects.
The forensic audit and cancellation of previous authorizations suggest serious underlying issues that could have a substantial impact on the company's financial health, reputation, and future operations.
The initiation of a forensic audit to investigate potential undervaluation, illegal transactions, and fund diversion indicates significant financial and operational concerns within the company.
Ansal Properties & Infrastructure Ltd. announced the outcome of its Board Meeting held on August 20, 2026. The Board has initiated a forensic audit, effective August 19, 2026, appointing M/s SLO Technologies Private Limited (AdvaRisk) to investigate transactions from April 1, 2016, to March 31, 2026. This audit aims to examine potential undervaluation, illegal transactions with related parties, transactions lacking adequate support or approvals, misuse of borrowed funds, and diversion of funds, particularly concerning customer receipts and RERA account deposits.
Furthermore, the Board approved the cancellation of earlier resolutions passed on November 3, 2021 (modifying a May 27, 2019 resolution). These earlier resolutions had authorized Shri Dhirendra Singh, Shri Devendra Kumar Agrawal, and Shri Inder Goel to sign sale deeds for the Sushant Taj City, Agra Project. The Board has now authorized Shri Shreesh Asthana and Shri Sandeep Mishra to perform all necessary acts for signing and executing sale deeds for this project.
Separately, the company provided updates on its Corporate Insolvency Resolution Process (CIRP). As per an NCLAT order dated January 7, 2026, the CIRP is now confined to Lucknow and Rajasthan projects, managed by Resolution Professional Shri Navneet Kumar Gupta. The Serene Residency Group Housing Project in Greater Noida is also managed by Shri Navneet Kumar Gupta, with its Resolution Plan approved by NCLT on October 6, 2025. The Fernhill Project in Gurgaon is managed by Resolution Professional Shri Jalesh Kumar Grover.
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Ansal Properties & Infrastructure Limited filed this with the NSE as a statutory disclosure, categorised under corporate insolvency resolution process. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Ansal Properties & Infrastructure Limited. Read the original for the full detail.