SKIL Infrastructure Limited has informed the Exchange regarding the Resignation of Company Secretary of the Company pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Awaiting price reaction for this filing.
SKIL Infrastructure Limited has informed the exchanges that Mr. Nilesh Mehta, the Company Secretary and Compliance Officer (a Key Managerial Personnel), has resigned effective close of business hours on April 10, 2026, with his resignation letter dated March 23, 2026. Mr. Mehta has cited personal and professional reasons, explicitly mentioning that he has not been paid salary for over two years during the ongoing Corporate Insolvency Resolution Process (CIRP), which has caused financial hardship. The company has been under CIRP since February 1, 2024 after NCLT admitted a Section 7 insolvency petition, and Mr. Purusottam Behera serves as the Resolution Professional after the Committee of Creditors was constituted in late 2025. Mr. Mehta has committed to ensuring an orderly handover until his last day.
This is a negative signal for shareholders. The resignation of a Key Managerial Personnel citing unpaid salaries for over two years highlights severe financial distress and weak governance during the ongoing insolvency process. Departure of the compliance officer during CIRP may raise concerns for creditors and regulators about the company's ability to meet its statutory and listing obligations.