SKIL Infrastructure Limited (SKIL)
Latest quarterly results (Q4 FY25)
In its latest reported quarter, Q4 FY25, SKIL Infrastructure's revenue was ₹0.0 Cr, and net profit ₹8.1 Cr (against a loss a year earlier).
| Q4 FY25 (₹ Cr) | Value | YoY vs Q4 FY24 | QoQ |
|---|---|---|---|
| Revenue | ₹0.0 | — | — |
| Operating profit | ₹-0.2 | loss narrowed | loss widened |
| Net profit | ₹8.1 | from loss | from loss |
| EPS (₹) | 0.37 | from loss | — |
📢 Recent Corporate Announcements
SKIL Infrastructure Limited has announced that the 14th meeting of its Committee of Creditors (CoC) has been adjourned. The meeting, which commenced on Thursday, October 15, 2026, at 04:00 PM, is now rescheduled for Wednesday, October 21, 2026, at 03:00 PM. The company remains under the Corporate Insolvency Resolution Process (CIRP) pursuant to an NCLT order dated February 1, 2024, burdened with total debt of Rs 1,668 Cr against zero operating revenues.
- 14th Committee of Creditors (CoC) meeting adjourned
- Meeting originally commenced on Thursday, October 15, 2026, at 04:00 P.M.
- Adjourned meeting rescheduled to Wednesday, October 21, 2026, at 03:00 P.M.
- Company operating under CIRP pursuant to NCLT Mumbai order dated February 1, 2024
SKIL Infrastructure Limited has issued a pre-facto intimation regarding the 14th meeting of its Committee of Creditors (CoC), scheduled for October 15, 2026, at 4:00 PM via audio-visual means. The company has been under the Corporate Insolvency Resolution Process (CIRP) pursuant to an NCLT Mumbai order dated February 1, 2024. The company has zero operational revenue and a reported debt burden of Rs 1,668 Cr against a market capitalization of Rs 16 Cr. The meeting represents an ongoing procedural step under the IBC resolution process.
- Fourteenth (14th) Committee of Creditors meeting scheduled for October 15, 2026
- Meeting to be held at 04:00 P.M. through audio-visual virtual mode
- Company operating under CIRP per NCLT Mumbai order dated February 1, 2024
- Company carries total debt of Rs 1,668 Cr against a market cap of Rs 16 Cr
SKIL Infrastructure announced the completion of its 13th Committee of Creditors (CoC) meeting held virtually on October 13, 2026. The company has been under the Corporate Insolvency Resolution Process (CIRP) since the NCLT Mumbai order dated February 1, 2024. No specific commercial decisions, voting outcomes, or resolution plans were disclosed in the filing. The company carries Rs 1,668 Cr in debt against a market capitalization of Rs 16 Cr, with zero operational revenue.
- 13th Committee of Creditors (CoC) meeting held on Tuesday, October 13, 2026
- Meeting commenced at 11:00 A.M. and concluded at 01:30 P.M.
- Company is operating under CIRP pursuant to NCLT Mumbai order dated February 1, 2024
- Outcome details and resolutions voted upon were not disclosed in the filing
SKIL Infrastructure Limited has informed exchanges that the 13th meeting of its Committee of Creditors (CoC) has been rescheduled. Originally scheduled for October 12, 2026, at 12:00 PM, the meeting will now be held on October 13, 2026, at 11:00 AM via video conferencing. The company has been under the Corporate Insolvency Resolution Process (CIRP) since February 1, 2024, burdened with total debt of Rs 1,668 Cr against a market cap of only Rs 16 Cr.
- 13th Committee of Creditors (CoC) meeting postponed by one day
- Meeting rescheduled from October 12, 2026 (12:00 PM) to October 13, 2026 (11:00 AM)
- Company operating under CIRP pursuant to NCLT order dated February 1, 2024
SKIL Infrastructure Limited has informed the exchanges that the 13th meeting of its Committee of Creditors (CoC) has been rescheduled. Originally set for Thursday, October 8, 2026 at 02:30 PM, the meeting will now be held on Monday, October 12, 2026 at 12:00 PM via video conferencing. The company has been under the Corporate Insolvency Resolution Process (CIRP) since February 1, 2024, burdened with total debt of Rs 1,668 Cr against a market capitalization of just Rs 15 Cr.
- 13th Committee of Creditors (CoC) meeting postponed from October 8, 2026
- Rescheduled meeting date set for Monday, October 12, 2026 at 12:00 PM
- Company remains under CIRP pursuant to NCLT Mumbai order dated February 1, 2024
- Resolution Professional conducting the process is Purusottam Behera
SKIL Infrastructure Limited has issued a pre-facto intimation regarding the 13th Committee of Creditors (CoC) meeting scheduled for October 8, 2026, at 02:30 PM via audio-visual means. The company has been under the Corporate Insolvency Resolution Process (CIRP) pursuant to an NCLT Mumbai order dated February 1, 2024. The company currently has zero operational revenue and faces outstanding debt of Rs 1,668 Cr against a market capitalization of Rs 15 Cr.
- 13th Committee of Creditors (CoC) meeting scheduled for October 8, 2026
- Meeting to be conducted at 02:30 P.M. through virtual audio-visual mode
- Company operating under CIRP per NCLT Mumbai order dated February 1, 2024
- Resolution Professional Purusottam Behera's AFA is valid till December 31, 2026
SKIL Infrastructure Limited has submitted a post-facto intimation regarding the completion of its 12th Committee of Creditors (CoC) meeting held virtually on September 28, 2026. The company remains under the Corporate Insolvency Resolution Process (CIRP) initiated by NCLT Mumbai on February 1, 2024. The filing contains purely procedural details regarding meeting timings without disclosing discussion outcomes or resolution plan statuses. With zero TTM revenue and outstanding debt of Rs 1,668 Cr, the company's equity value remains subject to the resolution process.
- 12th Committee of Creditors meeting was held on September 28, 2026
- Meeting took place via virtual mode from 02:30 P.M. to 03:30 P.M.
- Company has been under CIRP since the NCLT Mumbai order dated February 1, 2024
- No commercial outcomes or voting details were disclosed in the intimation
SKIL Infrastructure has informed the exchanges that the 12th meeting of its Committee of Creditors (CoC) is scheduled for Monday, September 28, 2026, via virtual mode. The company has been under the Corporate Insolvency Resolution Process (CIRP) since February 1, 2024, managed by Resolution Professional Purusottam Behera. SKIL carries a massive debt burden of ₹1,668 crore against zero operational revenue in recent quarters, making the ongoing insolvency resolution critical for its survival.
- 12th Committee of Creditors (CoC) meeting scheduled for September 28, 2026, at 02:30 P.M.
- Company is currently under CIRP pursuant to NCLT Mumbai order dated February 1, 2024
- Filing submitted under Regulation 30 and Schedule III of SEBI LODR Regulations
- Company carries ₹1,668 Cr in total debt with ₹0 Cr operational revenue
SKIL Infrastructure Limited announced the conclusion of its 11th Committee of Creditors (CoC) meeting on September 23, 2026. The meeting originally commenced on September 9, 2026, and was adjourned multiple times before concluding at 1:00 PM. The company has been under Corporate Insolvency Resolution Process (CIRP) since February 1, 2024, burdened with total debt of Rs 1,668 Cr against a market capitalization of just Rs 21 Cr. Specific voting outcomes or resolution plan details from the meeting were not disclosed in the filing.
- 11th Committee of Creditors (CoC) meeting concluded on September 23, 2026, at 01:00 P.M.
- Meeting originally commenced on September 09, 2026, at 10:00 A.M. and was adjourned multiple times
- Company has been under CIRP pursuant to NCLT Mumbai order dated February 1, 2024
- Company carries Rs 1,668 Cr in debt against zero TTM operational revenue
SKIL Infrastructure Limited, currently undergoing the Corporate Insolvency Resolution Process (CIRP), informed exchanges that its Eleventh (11th) Committee of Creditors (CoC) meeting has been further adjourned. The meeting, which originally commenced on September 09, 2026, and was previously adjourned to September 21, 2026, is now scheduled to continue on September 23, 2026, at 11:00 AM via video conferencing. The company is managing substantial total debt of Rs 1,668 Cr with zero operational revenue, making any resolution plan critical to its survival.
- 11th Committee of Creditors (CoC) meeting adjourned to September 23, 2026, at 11:00 AM
- Meeting originally commenced on September 09, 2026, and was adjourned via multiple dates including September 21, 2026
- Company has been under CIRP per NCLT Mumbai order dated February 01, 2024
- Carries Rs 1,668 Cr debt against a market capitalization of Rs 21 Cr
SKIL Infrastructure Limited has informed stock exchanges that the 11th meeting of its Committee of Creditors (CoC) has been rescheduled to September 21, 2026. The meeting originally commenced on September 9, 2026, and underwent multiple adjournments before this latest extension. The company has been under the Corporate Insolvency Resolution Process (CIRP) since February 1, 2024, burdened with Rs 1,668 Cr in total debt against zero operating revenue.
- 11th Committee of Creditors (CoC) meeting rescheduled to September 21, 2026, at 2:30 P.M.
- Meeting originally commenced on September 09, 2026, and was previously adjourned to September 17, 2026
- Company is currently undergoing CIRP pursuant to NCLT Mumbai order dated February 1, 2024
SKIL Infrastructure has informed the exchanges that the Eleventh (11th) Meeting of its Committee of Creditors (CoC) has been rescheduled to September 17, 2026, at 2:30 P.M. via video conferencing. The meeting originally commenced on September 09, 2026, and was adjourned multiple times, including from September 16, 2026. The company has been under the Corporate Insolvency Resolution Process (CIRP) since the NCLT Mumbai order on February 1, 2024, carrying a heavy debt burden of Rs 1,668 Cr against zero operational revenue.
- 11th Committee of Creditors (CoC) meeting rescheduled to September 17, 2026, at 2:30 P.M.
- Meeting initially commenced on September 09, 2026, and was adjourned repeatedly
- Company operating under CIRP pursuant to NCLT Mumbai order dated February 1, 2024
- Current debt burden stands at Rs 1,668 Cr with zero operational revenue
SKIL Infrastructure, which is currently undergoing Corporate Insolvency Resolution Process (CIRP), had its Resolution Professional committee approve unaudited results for the quarter ended December 31, 2025. The filing highlights an exceptional loss of ₹305,434.50 lakhs (₹3,054.35 Cr) arising from a 99.76% capital reduction by Urban Infrastructure Holdings Pvt. Ltd. (UIHPL), against which SKIL received ₹160.03 Cr net. The statutory auditor issued a qualified conclusion citing significant doubts about the company's going concern status and unadjusted CIRP claims.
- Resolution Professional Committee approved unaudited results for Q3 ended December 31, 2025 on September 15, 2026
- Exceptional loss of ₹305,434.50 lakhs (₹3,054.35 Cr) recognized following a 99.76% capital reduction in UIHPL
- Company received consideration of ₹16,003.34 lakhs (₹160.03 Cr, net of ₹408.38 lakhs TDS) in April 2025 from UIHPL
- Auditor flagged qualified conclusion due to material uncertainty over going concern and ₹16.19 lakh unreconciled intercompany balances
- NCLAT vacated stay on October 15, 2025, enabling the constitution of the Committee of Creditors
SKIL Infrastructure announced that the 11th Committee of Creditors (CoC) meeting, initially convened on September 9, 2026, has been adjourned again to September 16, 2026. The meeting had previously been adjourned through September 10 and September 11 before this latest deferral. SKIL Infrastructure has been under the Corporate Insolvency Resolution Process (CIRP) since February 1, 2024, amid debt obligations totaling Rs 1,668 crore. The company currently has zero operational revenue and a market capitalization of just Rs 19 crore.
- 11th CoC meeting originally commenced on September 9, 2026, at 11:00 AM
- Meeting successively adjourned on September 10 and September 11, 2026
- Meeting now finally adjourned to September 16, 2026, at 2:30 AM via video conferencing
- Company operating under CIRP pursuant to NCLT Mumbai order dated February 1, 2024
SKIL Infrastructure announced that its Resolution Professional (RP) Committee approved the delayed unaudited standalone and consolidated results for the quarter ended September 30, 2025. Statutory auditors issued a qualified conclusion citing unadjusted differential CIRP claims, non-impairment of Rs 1,028.69 lakh receivables from the Employee Welfare Trust, and an unreconciled intercompany gap of Rs 16.19 lakh. The company remains under insolvency proceedings since February 1, 2024, with its resolution plan still under consideration by the Committee of Creditors.
- Resolution Professional Committee approved unaudited results for quarter ended September 30, 2025 on September 8, 2026
- Statutory auditor issued qualified conclusions regarding Rs 1,028.69 lakh receivable from SKIL Group Employees Welfare Trust
- Auditors flagged unadjusted intercompany loan mismatch of approximately Rs 16.19 lakh with subsidiary SKIL Advanced Systems
- Urban Infrastructure Holdings Pvt Ltd approved a 99.76% capital reduction, leading to investment impairment
Financial Performance
Revenue Growth by Segment
Revenue from operations for both Infrastructure and Defense segments remained at INR 0 for FY23 and FY22 (0% growth). Total revenue, comprised entirely of Other Income, declined by 82.2% from INR 6,585.77 Lakhs in FY22 to INR 1,171.34 Lakhs in FY23.
Geographic Revenue Split
India: 100% (INR 1,171.34 Lakhs in FY23). The company has no international operations.
Profitability Margins
Net Profit Margin for FY23 was 2460.9% (INR 28,825.80 Lakhs profit on INR 1,171.34 Lakhs revenue), which is highly misleading as it was driven by an exceptional gain of INR 33,852.80 Lakhs. Excluding exceptional items, the company operated at a net loss of INR 5,027.00 Lakhs.
EBITDA Margin
EBITDA Margin is negative as the company reported an operational loss of INR 5,027.00 Lakhs before exceptional items. Core profitability is non-existent due to zero operational revenue.
Capital Expenditure
Historical PPE is minimal at INR 1.35 Lakhs, down 44% from INR 2.41 Lakhs in FY22. No planned capital expenditure is disclosed due to the ongoing Corporate Insolvency Resolution Process (CIRP).
Credit Rating & Borrowing
Credit rating is not disclosed. Borrowing costs are extreme, with finance costs of INR 5,606.33 Lakhs in FY23, representing 90.4% of total expenses (excluding exceptional items).
Operational Drivers
Raw Materials
Not applicable as the company has no active manufacturing or infrastructure projects. Finance costs (INR 56.06 Cr) are the primary cost driver.
Capacity Expansion
Current operational capacity is NIL. The defense subsidiary, SKIL Advanced Systems Pvt. Ltd. (SASPL), has zero business and no expansion plans.
Raw Material Costs
Raw material costs are NIL (0% of revenue) as there are no active operations.
Manufacturing Efficiency
Capacity utilization is 0% as there are no active operations.
Strategic Growth
Expected Growth Rate
0%
Growth Strategy
The company is currently focused on debt restructuring through the Corporate Insolvency Resolution Process (CIRP) initiated on February 1, 2024. Strategic plans include either closing down the defense subsidiary (SASPL) or finding a buyer from the defense sector to take it over to settle liabilities.
Products & Services
Historical services include infrastructure development and potential defense sector business through SASPL.
Brand Portfolio
SKIL Infrastructure Limited, SKIL Advanced Systems Pvt. Ltd. (SASPL).
New Products/Services
No new product launches are planned; the company is in a state of insolvency.
Market Expansion
No market expansion plans are disclosed; the company is currently under the control of an Interim Resolution Professional.
Market Share & Ranking
NIL (No active operations in the infrastructure or defense sectors).
External Factors
Industry Trends
The Indian infrastructure and defense sectors are growing, but SKIL is unable to participate due to its insolvency status. The industry is evolving toward private participation, but SKIL is positioned as a distressed asset.
Competitive Landscape
The company is at a severe disadvantage compared to active competitors like L&T or Adani due to its CIRP status and zero revenue.
Competitive Moat
The company currently has no moat. Its historical positioning in defense through SASPL has failed to generate business, and its infrastructure moat has been eroded by a 100% lack of operational liquidity.
Macro Economic Sensitivity
Highly sensitive to interest rates and the legal framework of the Insolvency and Bankruptcy Code (IBC).
Consumer Behavior
Not applicable as the company operates in B2B/B2G infrastructure and defense.
Geopolitical Risks
The defense sector focus of SASPL makes it sensitive to national security policies and indigenization mandates, though it currently has no business.
Regulatory & Governance
Industry Regulations
Operations are strictly governed by the Insolvency and Bankruptcy Code (IBC) 2016 and NCLT orders. Compliance with statutory filing requirements is currently a major hurdle.
Taxation Policy Impact
Effective tax rate was 0% in FY23 due to operational losses and the nature of exceptional gains.
Legal Contingencies
Significant pending cases include the CIRP process (Order dated Feb 1, 2024) and a dispute with Reliance Commercial Finance Ltd. involving INR 1,988.15 Lakhs in unbooked interest. There are also material regulatory and tax cases against the company.
Risk Analysis
Key Uncertainties
There is a 100% uncertainty regarding the company's ability to continue as a going concern. The outcome of the CIRP and the ability to meet liabilities as they fall due are critical risks.
Geographic Concentration Risk
100% of assets and potential revenue are concentrated in India.
Third Party Dependencies
100% dependency on the Committee of Creditors (CoC) and the Interim Resolution Professional (IRP) for all business and financial decisions.
Technology Obsolescence Risk
High risk in the defense segment as SASPL has failed to secure business since inception, suggesting a lack of competitive technology.
Credit & Counterparty Risk
Trade receivables are INR 0, but the company faces high counterparty risk regarding the legal resolution of its INR 1,696.64 Cr debt.
