SKIL Infrastructure Limited has informed the Exchange about intimation of revision of the disclosure dated May 11, 2026, regarding Un-audited Standalone and Consolidated Financial Results of the Corporate Debtor for the quarter and half year ended on September 30, 2024 pursuant to the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Awaiting price reaction for this filing.
SKIL Infrastructure Limited has filed revised unaudited financial results for Q2 FY25. The company is under Corporate Insolvency Resolution Process (CIRP) since February 1, 2024, admitted by NCLT Mumbai. On standalone basis, the company reported zero revenue from operations with other income of Rs. 12.16 lakhs, resulting in a net loss of Rs. 3,05,182.11 lakhs for Q2. On consolidated basis, total revenue was Rs. 42.16 lakhs with net loss of Rs. 2,60,453.35 lakhs. The massive losses are due to exceptional items including Rs. 3,05,434.50 lakhs impairment of investment in Urban Infrastructure Holdings Pvt. Ltd. (UIHPL) following 99.76% capital reduction approved by NCLT in March 2025, and reversal of Rs. 2,259.10 lakhs accrued interest post-CIRP. The auditors issued qualified conclusions citing going concern doubts, unreconciled intercompany differences of Rs. 19.07 lakhs, deconsolidation issues with SKIL Shipyard Holdings, and incomplete bank statements.
This is an extremely distressed company with negative equity of Rs. 2,40,401.90 lakhs on standalone basis. Shareholders face potential total loss as the company awaits resolution plan approval under CIRP. The stock is effectively a speculative bet on a successful resolution plan.