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 ....
Awaiting price reaction for this filing.
SKIL Infrastructure Ltd, which is currently under the Corporate Insolvency Resolution Process (CIRP) since February 2024, has informed the exchanges that Mr. Nilesh Mehta has resigned from the position of Company Secretary and Compliance Officer (a Key Managerial Personnel role). His resignation letter is dated March 23, 2026, and he will be relieved from responsibilities with effect from the close of business hours on April 10, 2026. The reason cited is personal and professional, primarily prolonged non-payment of salary during the CIRP period exceeding two years, along with a significant reduction in his remuneration compared to peers. The company is being managed by Mr. Purusottam Behera, the Resolution Professional appointed by the Committee of Creditors in November 2025.
This is a negative governance signal as a KMP-level exit during ongoing insolvency proceedings, driven by salary non-payment, highlights the company's severe financial distress and operational stress. Shareholders should note that the resignation of the Compliance Officer during CIRP may also raise concerns about compliance oversight and the company's ability to attract and retain senior talent.