SKIL Infrastructure Limited failed to submit the disclosure of encumbered shares under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations for the financial year ended March 31, 2026. The company stated that the ongoing Corporate Insolvency Resolution Process (CIRP) and the absence of cash flow prevented it from coordinating with promoters and intermediaries required for the compliance.

The company has been under CIRP since February 1, 2024, following an order by the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench. The Committee of Creditors (CoC) was constituted after the Hon’ble National Company Law Appellate Tribunal (NCLAT) vacated a stay on October 15, 2025. In the first CoC meeting held on November 3, 2025, Purusottam Behera was appointed as the Resolution Professional.

Regulation 31(4) mandates that the promoter of a target company declare annually that they have not created any encumbrance other than those previously disclosed. Due to the lack of available funds, the company could not facilitate the necessary coordination with the listed entities to fulfill this regulatory requirement.

The following promoters and intermediaries were identified as the parties with whom coordination could not be established:

Consequently, the company is not in a position to submit the required disclosure. The Resolution Professional requested the authorities to note these circumstances and the consequent non-submission of the filing.

SKIL Infrastructure Limited , currently undergoing Corporate Insolvency Resolution Process (CIRP), conducted its third Committee of Creditors (CoC) meeting on January 14, 2026. The meeting, originally scheduled for January 13, 2026, was postponed and held through audio-visual means in virtual mode.

Latest Developments

The third CoC meeting was conducted under the supervision of Resolution Professional Purusottam Behera. The meeting commenced at 11:00 AM and concluded at 1:00 PM on January 14, 2026. This represents continued progress in the company's insolvency resolution proceedings.

Timeline of CIRP Events

Resolution Professional Details

Outstanding Challenges

The company continues to face challenges that emerged during earlier proceedings, including issues with financial reporting for the quarter ended September 30, 2025. Previous complications included non-cooperation from company secretary and statutory auditors, which led to delays in financial statement submissions.

Current CIRP Status

SKIL Infrastructure remains under CIRP proceedings initiated following the NCLT Mumbai order dated February 1, 2024. The company has been working with the Resolution Professional to address operational and financial challenges while progressing through the insolvency resolution framework.

Regulatory Compliance

The post facto intimation of the CoC meeting was submitted in accordance with Regulation 30 and Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating continued compliance with regulatory requirements despite ongoing CIRP proceedings.