FY25 audited results filed under CIRP with qualified opinion and massive loss

SKIL Infrastructure, under CIRP since Feb 2024, filed FY25 audited results with a standalone loss of Rs 3,05,242 lakhs, driven by a Rs 3,05,175 lakh exceptional item from investment impairment in UIHPL after a 99.76% capital reduction. Revenue from operations is zero. Net worth stands negative at minus Rs 2,40,781 lakhs against total liabilities of Rs 2,55,143 lakhs. Auditor issued a qualified opinion citing going concern uncertainty, defaulted borrowings, unverified creditor claims, and related-party gaps with subsidiary SKAD.