SKIL Infrastructure Limited has informed the Exchange about reasons for Delayed/Non-submission of Financial Results for the quarter and year ended March 31, 2026, under Regulation 33 of the SEBI (LODR) Regulations, 2015
Awaiting price reaction for this filing.
SKIL Infrastructure Limited has filed a formal intimation explaining delays in submitting financial results, citing its ongoing Corporate Insolvency Resolution Process (CIRP) admitted by NCLT Mumbai on February 1, 2024. The Resolution Professional faced compounding challenges including initial non-cooperation from the in-house Company Secretary (leading to engagement of an external firm) and refusal by statutory auditors to finalize accounts citing unpaid pre-CIRP dues. The RP filed a non-cooperation application under Section 19 of the IBC against the auditors in August 2025, after which auditors agreed to cooperate from October 31, 2025. The company has since managed to compile and submit Q1 and Q2 FY2025 results, and is working on remaining periods in a phased manner.
Shareholders should note the company is under insolvency proceedings with limited financial reporting compliance. The stock is unlikely to see positive price movement given the CIRP status and accumulated pending results. Investors should exercise extreme caution as the financial health remains opaque and the outcome of the resolution process is uncertain.