SKIL Infrastructure Limited has informed the Exchange regarding Resignation of Mr. Nilesh Mehta as Company Secretary & Compliance Officer of the company w.e.f. April 10, 2026.
Awaiting price reaction for this filing.
SKIL Infrastructure, which is currently under the Corporate Insolvency Resolution Process (CIRP) since February 2024, has informed the exchanges that its Company Secretary and Compliance Officer, Mr. Nilesh Mehta, has resigned effective close of business hours on April 10, 2026. Mr. Mehta is a Key Managerial Personnel (KMP) and his resignation letter dated March 23, 2026 cites personal and professional reasons, notably non-payment of salary for over two years during the CIRP period and a steep reduction in his remuneration, which caused financial hardship. The company is presently managed by Resolution Professional Mr. Purusottam Behera, and the Committee of Creditors (CoC) was constituted in November 2025 after NCLAT vacated a stay. Mr. Mehta has committed to ensuring a smooth transition until his last day and offered further assistance thereafter.
This is a negative signal for shareholders, reinforcing existing concerns about the company's financial distress and operational strain — a senior officer is leaving primarily due to unpaid salaries during a long-running insolvency. The departure of the Compliance Officer during active CIRP may temporarily affect regulatory filings and compliance continuity, though the Resolution Professional remains in charge of overall management.