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, currently under Corporate Insolvency Resolution Process (CIRP) since February 2024, has informed exchanges that Mr. Nilesh Mehta, the Company Secretary and Compliance Officer (a Key Managerial Personnel), has resigned effective end of business on April 10, 2026. In his resignation letter, Mr. Mehta cited prolonged non-payment of salary for over two years during the CIRP and a steep cut in his remuneration compared to peers as the key reasons. The company is being managed by Resolution Professional Mr. Purusottam Behera, and the resignation has been filed under SEBI Listing Regulations. The Committee of Creditors was constituted in November 2025 after the NCLAT lifted its earlier stay.
This is a negative governance signal, as a KMP is exiting a company that is already under insolvency and has not been paid for over two years. Existing shareholders face continued uncertainty, and the resignation may raise concerns about operational continuity and internal controls during the ongoing resolution process.