SKIL Infrastructure Limited has informed the Exchange about First Committee of Creditors meeting to be held on Monday, November 03, 2025
Awaiting price reaction for this filing.
SKIL Infrastructure Limited, currently under the Corporate Insolvency Resolution Process (CIRP) following an NCLT Mumbai order dated February 1, 2024, has informed the stock exchanges about its first Committee of Creditors (CoC) meeting scheduled for Monday, November 3, 2025, at 3:00 PM via video conferencing. The meeting will be conducted by Purusottam Behera, the Interim Resolution Professional (IRP). The disclosure is made under Regulation 30 and Schedule III of SEBI's Listing Obligations. Notably, this 'first' CoC meeting is being held nearly 21 months after the NCLT admission order, which is unusual and suggests significant delays or possible procedural complications in the insolvency process.
Shareholders should remain cautious as the company continues to be under insolvency proceedings with no resolution plan yet in place. The unusual delay in convening even the first CoC meeting raises concerns about the speed and direction of the resolution, which could result in further equity erosion, dilution, or liquidation risk for existing shareholders.