SKIL Infrastructure Limited has informed the Exchange regarding appointment of Interim Resolution Professional (IRP) as Resolution Professional (RP) pursuant to Regulation 30 read with ....
Awaiting price reaction for this filing.
SKIL Infrastructure is undergoing the Corporate Insolvency Resolution Process (CIRP) after the NCLT Mumbai admitted a Section 7 application against the company on February 1, 2024. Mr. Purusottam Behera, who was originally appointed as the Interim Resolution Professional (IRP), has now been confirmed as the Resolution Professional (RP) after being approved by the Committee of Creditors (CoC). The CoC was formed on October 27, 2025, following the NCLAT vacating an earlier interim stay on November 15, 2025. The first CoC meeting was held on November 3, 2025, with e-voting concluding on November 19, 2025, where creditors approved Mr. Behera's elevation from IRP to RP.
This confirms that the insolvency process is now actively progressing, with a fully constituted CoC driving the resolution. For existing shareholders, this is a negative development as equity typically faces significant dilution or write-down once a resolution plan is approved by creditors. The stock remains under heavy speculative and insolvency-related risk.