SKIL Infrastructure Limited has informed the Exchange regarding non-submission of Reconciliation of Share Capital Audit Report for the year ended March 31, 2026
Awaiting price reaction for this filing.
SKIL Infrastructure has informed exchanges that it failed to submit the mandatory Reconciliation of Share Capital Audit Report for the quarter and year ended March 31, 2026, as required under SEBI regulations. The company is undergoing Corporate Insolvency Resolution Process (CIRP) since February 1, 2024, after NCLT Mumbai admitted a petition under Section 7 of the Insolvency and Bankruptcy Code. The Resolution Professional, Mr. Purusottam Behera, cited lack of cash flow and funds as the reason for non-compliance. The company noted that the NCLAT vacated a prior stay on October 15, 2025, allowing the Committee of Creditors to be constituted, and Mr. Behera was appointed as RP in November 2025. The filing is essentially an advance notice to exchanges of the compliance breach.
This non-compliance with SEBI regulations adds to the company's regulatory troubles. Shareholders should note that the stock is already under stress due to ongoing insolvency proceedings, and failure to meet basic compliance requirements could lead to further restrictions or trading halts.