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SKIL - SKIL Infrastr

📊 NSE: SKIL 🏢 Construction 📅 Last Updated: 12/14/2025 13:29

📢 Recent Corporate Announcements

SKIL Infrastructure Extends Resolution Plan Submission Deadline to March 20, 2026

🔵 WATCH ⭐ 7/10

LEGAL 📅 06 Mar 2026, 06:47 PM

SKIL Infrastructure, currently undergoing the Corporate Insolvency Resolution Process (CIRP), has announced an extension for the submission of resolution plans following its 4th Committee of Creditors (CoC) meeting. The CoC approved a two-week extension after receiving requests from prospective resolution applicants. The new deadline for submitting plans, along with a required Earnest Money Deposit (EMD) of INR 5 Crores, is now March 20, 2026. This development indicates active interest from potential bidders in the company's resolution.

4th Committee of Creditors (CoC) meeting concluded on March 05, 2026.
Resolution plan submission deadline extended by two weeks effective from March 6, 2026.
New deadline for submission of resolution plans is March 20, 2026.
Prospective Resolution Applicants are required to submit an EMD of INR 5 Crores.
Company has been under CIRP since the NCLT Mumbai order dated February 1, 2024.

💡 Investors should exercise extreme caution as equity holders typically face significant dilution or total loss during insolvency resolutions. Monitor the March 20 deadline to see if any credible resolution plans are successfully submitted.

SKIL Infrastructure Fails to File Share Capital Audit Report Due to Unpaid Depository Fees

🔴 NEGATIVE ⭐ 8/10

REGULATORY 📅 05 Mar 2026, 03:36 PM

SKIL Infrastructure Limited has failed to submit its Reconciliation of Share Capital Audit Report for the quarter ended December 31, 2025. The company, currently under the Corporate Insolvency Resolution Process (CIRP), is unable to access shareholding data because previous management failed to pay dues to NSDL, CDSL, and the RTA. The Resolution Professional, appointed following the lifting of an NCLAT stay on October 15, 2025, is now seeking Committee of Creditors (CoC) approval to clear these outstanding payments. This regulatory non-compliance highlights the ongoing operational and financial distress during the insolvency proceedings.

Non-submission of Reconciliation of Share Capital Audit Report for the quarter ended December 31, 2025.
Company is under CIRP following an NCLT Mumbai order dated February 1, 2024.
NSDL, CDSL, and RTA have suspended shareholding data (BENPOS) services due to unpaid fees by erstwhile management.
NCLAT vacated the stay on the Committee of Creditors (CoC) constitution on October 15, 2025.
Resolution Professional Purusottam Behera to seek CoC approval for clearing dues to restore regulatory filings.

💡 Investors should remain highly cautious as the company is in insolvency proceedings, which often leads to significant equity erosion. Monitor the progress of the CIRP and the company's ability to restore basic regulatory compliances.

SKIL Infrastructure Under CIRP; Exempted from Q3 FY26 Corporate Governance Filing

🔴 NEGATIVE ⭐ 8/10

REGULATORY 📅 28 Jan 2026, 02:55 PM

SKIL Infrastructure Limited is currently undergoing the Corporate Insolvency Resolution Process (CIRP) following an NCLT order dated February 1, 2024. The company has informed exchanges that it is exempted from filing Corporate Governance reports under SEBI (LODR) Regulations 15(2A) and 15(2B) due to its insolvency status. A previous stay on the Committee of Creditors (CoC) was vacated by the NCLAT on October 15, 2025, allowing the resolution process to proceed. Mr. Purusottam Behera was officially appointed as the Resolution Professional during the first CoC meeting on November 3, 2025.

Company is under CIRP following NCLT Mumbai order dated February 1, 2024
NCLAT vacated the stay on CoC constitution on October 15, 2025, resuming the insolvency process
Mr. Purusottam Behera confirmed as Resolution Professional (RP) on November 3, 2025
Exempted from SEBI LODR Regulations 17 to 21 regarding Corporate Governance filings
Non-submission of Governance Report for the quarter ended December 31, 2025, is legally permitted under CIRP

💡 Investors should remain extremely cautious as equity value is typically significantly impaired or wiped out during the insolvency resolution process. Monitor the progress of the resolution plan and any potential delisting notices.

SKIL Infrastructure Fails to File Q3 Shareholding Pattern Due to Unpaid Depository Dues

🔴 NEGATIVE ⭐ 7/10

REGULATORY 📅 21 Jan 2026, 07:42 PM

SKIL Infrastructure Limited, currently under Corporate Insolvency Resolution Process (CIRP), failed to submit its shareholding pattern for the quarter ended December 31, 2025. The Resolution Professional (RP) reported that unpaid fees to NSDL, CDSL, and the RTA by previous management resulted in a suspension of shareholding data access. The RP intends to seek Committee of Creditors (CoC) approval to settle these dues and restore regulatory compliance. This administrative hurdle follows the October 15, 2025, lifting of an NCLAT stay on the CoC's constitution.

Company is under CIRP following an NCLT Mumbai order dated February 1, 2024.
Non-submission of Share Holding Pattern for the quarter ended December 31, 2025.
NSDL, CDSL, and RTA have blocked data access due to outstanding fees from previous management.
CoC constitution was delayed by an NCLAT stay until October 15, 2025.
RP Purusottam Behera was officially appointed during the first CoC meeting on November 3, 2025.

💡 Investors should exercise extreme caution as the company is in insolvency and facing basic compliance hurdles. Equity value is at high risk of being wiped out during the resolution process.

SKIL Infrastructure Concludes 3rd Committee of Creditors Meeting Under CIRP

🔴 NEGATIVE ⭐ 8/10

LEGAL 📅 14 Jan 2026, 06:39 PM

SKIL Infrastructure Limited, which is currently undergoing the Corporate Insolvency Resolution Process (CIRP), held its third Committee of Creditors (CoC) meeting on January 14, 2026. The meeting was rescheduled from January 13 and conducted virtually under the supervision of the Resolution Professional, Purusottam Behera. The company has been under insolvency proceedings since the NCLT Mumbai order dated February 1, 2024. Such meetings are critical for determining the future of the company and the potential recovery for creditors.

3rd Committee of Creditors (CoC) meeting held on January 14, 2026, via virtual mode.
Company has been under CIRP since the NCLT Mumbai order dated February 1, 2024.
The meeting was postponed from its original schedule of January 13, 2026.
Proceedings were managed by Resolution Professional Purusottam Behera (IBBI/IPA-002/IP-N00940/2019-20/12993).

💡 Investors should remain extremely cautious as the company is in insolvency; equity shareholders typically face significant capital loss or total wipeout in CIRP. Monitor for any announcements regarding a successful resolution plan or liquidation orders.

SKIL Infrastructure to Hold 3rd CoC Meeting on Jan 13; 2nd Meeting Approved Form G for EOI

🔵 WATCH ⭐ 8/10

LEGAL 📅 10 Jan 2026, 04:18 PM

SKIL Infrastructure Limited, currently under the Corporate Insolvency Resolution Process (CIRP) since February 1, 2024, has scheduled its 3rd Committee of Creditors (CoC) meeting for January 13, 2026. During the 2nd CoC meeting held on December 2, 2025, the committee approved the issuance of Form G to invite Expressions of Interest (EOI) from potential resolution applicants. This move is a critical step in the insolvency process as it seeks a buyer or investor to revive the company. The company is currently managed by Resolution Professional Purusottam Behera as per NCLT Mumbai orders.

3rd Committee of Creditors (CoC) meeting scheduled for January 13, 2026
2nd CoC meeting held on December 2, 2025, approved the issuance of Form G for EOI
Company has been under CIRP since the Hon’ble NCLT Mumbai order dated February 1, 2024
Invitation to submit Expression of Interest was formally submitted on December 5, 2025

💡 Investors should remain highly cautious as equity value in companies under CIRP is often significantly diluted or wiped out. Monitor the upcoming CoC meeting and the response to the Form G invitation to gauge if a viable resolution plan is likely.

SKIL Infrastructure CoC Approves Form G for Expression of Interest in 2nd Meeting

🔵 WATCH ⭐ 8/10

LEGAL 📅 10 Jan 2026, 04:10 PM

SKIL Infrastructure Limited, currently undergoing the Corporate Insolvency Resolution Process (CIRP) since February 1, 2024, held its second Committee of Creditors (CoC) meeting on December 2, 2025. The CoC has officially approved the publication of Form G, which is the formal invitation for Expression of Interest (EOI) from potential resolution applicants. This is a critical step in the insolvency process as it seeks to find a buyer or investor to revive the company. The company had previously submitted the invitation details on December 5, 2025, following the meeting's resolution.

Second CoC meeting conducted on December 2, 2025, via virtual mode to discuss the resolution process.
Approval granted for publishing Form G to invite Expressions of Interest from Prospective Resolution Applicants.
The company has been under CIRP following an NCLT Mumbai order dated February 1, 2024.
The resolution professional, Purusottam Behera, is overseeing the process with AFA valid until December 31, 2026.

💡 Investors should remain highly cautious as the company is in insolvency and the equity value may be significantly diluted or wiped out. Monitor the response to the Form G invitation to see if any credible resolution applicants emerge to take over the company.

SKIL Infra: CIRP - Invitation of Resolution Plans as per Regulation 36A(1)

🔴 NEGATIVE ⭐ 6/10

LEGAL 📅 05 Dec 2025, 04:33 PM

SKIL Infrastructure Limited is undergoing Corporate Insolvency Resolution Process (CIRP) following an NCLT order dated February 1, 2024. The company has invited expression of interest for resolution plans under section 25(2)(h) of the Insolvency Code. The last date for receipt of expression of interest is December 18, 2025, and the final list of prospective resolution applicants will be issued on January 12, 2026. The last date for submission of resolution plans is February 16, 2026.

CIRP commenced on February 1, 2024, as per NCLT order.
Last date for EOI receipt: December 18, 2025.
Final list of resolution applicants: January 12, 2026.
Resolution plans submission deadline: February 16, 2026.

💡 Investors should be aware of the ongoing CIRP and the implications for equity value. Monitor updates from the Resolution Professional for further developments.

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💰 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

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.