SKIL Infrastructure Limited regarding non submission of Share Holding Pattern under Regulation 31 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing ....
Awaiting price reaction for this filing.
SKIL Infrastructure Ltd has informed the stock exchanges that it could not file its quarterly shareholding pattern under SEBI LODR Regulation 31 because the company is currently undergoing Corporate Insolvency Resolution Process (CIRP). NCLT Mumbai admitted insolvency under Section 7 of the IBC on February 1, 2024, and Purusottam Behera was appointed as Resolution Professional. The erstwhile management had not paid outstanding fees to NSDL, CDSL, and the Registrar & Transfer Agent, so these agencies stopped providing the shareholding data (BENPOS) needed to file the pattern. The matter of clearing those dues will be taken up in a Committee of Creditors meeting, after which the filing will be completed.
This is a compliance lapse but not a new negative event — the company explains it as a consequence of the ongoing insolvency process and unpaid dues left by the previous management. Shareholders should note that insolvency proceedings are still active and that resolution timeline, shareholding structure, and equity value remain uncertain until a resolution plan is approved.