SKIL Infrastructure Limited, an infrastructure development company undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, has issued a fresh invitation for expression of interest (EOI) for submission of resolution plans. Resolution Professional Purusottam Behera published the fresh Form G on May 1, 2026, pursuant to approval by the Committee of Creditors (CoC) at its 5th meeting held on April 8, 2026. The disclosure was made to the stock exchanges on May 11, 2026, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Background of the CIRP

The CIRP of SKIL Infrastructure Limited was initiated by the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench, vide its order dated February 1, 2024, following an application filed by Amluckie Investment Company Limited under Section 7 of the IBC. Purusottam Behera was appointed as the Interim Resolution Professional (IRP) at that time.

Subsequently, an appeal was filed before the National Company Law Appellate Tribunal (NCLAT), which vide an interim order dated February 12, 2024, stayed the constitution of the CoC. The NCLAT, Principal Bench, New Delhi, vacated this stay vide its order dated October 15, 2025, and allowed withdrawal of the appeal. Following the vacation of the stay, the CoC was constituted, and at its first meeting held on November 3, 2025, the CoC approved the appointment of Mr. Purusottam Behera as Resolution Professional (RP).

An exclusion application for exclusion of 611 days (from February 12, 2024 to October 15, 2025) from the CIRP period was filed by the RP and allowed by the Hon'ble NCLT. An extension application seeking an extension of 90 days was also filed by the RP and allowed by the Hon'ble NCLT on April 7, 2026. The last date of the CIRP is July 1, 2026.

Fresh Form G and EOI Process

The initial Form G was published on December 3, 2025, with the extended last date for submission of resolution plans set at March 20, 2026. Following the CoC's approval at its 5th meeting on April 8, 2026, a fresh Form G was published on May 1, 2026. The key timelines for the fresh EOI process are set out below.

Eligibility and Financial Criteria for Prospective Resolution Applicants

Prospective Resolution Applicants (PRAs) may include individuals, body corporates, financial institutions, private equity funds, venture capital funds, asset reconstruction companies, non-banking finance companies, banks, and foreign investment institutions, whether registered in India or outside India. PRAs may also form a consortium, subject to the lead member holding at least 26% equity or minimum profit share, and all other members holding a minimum profit or voting share of 10%.

The financial qualification criteria are as follows:

• Body Corporates, Individuals, and Consortium of Investors: Minimum Tangible Net Worth (TNW) of INR 5,00,00,000 (Rupees Five Crores) in the immediately preceding completed audited financial year.
• Financial Institutions, Private Equity Funds, Asset Reconstruction Companies, Non-Banking Finance Companies, and Other Financial Investors: Minimum Assets Under Management (AUM) of INR 100,00,00,000 (Rupees Hundred Crores) in the immediately preceding completed audited financial year; or committed funds available for deployment or investment of at least INR 100,00,00,000 (Rupees Hundred Crores) as on March 31, 2025.

All PRAs must also satisfy the eligibility conditions under Section 29A of the IBC. In the case of a consortium, each member must independently demonstrate compliance with Section 29A.

Earnest Money Deposit and Submission Details

Each PRA is required to submit a non-interest-bearing refundable Earnest Money Deposit (EMD) of INR 10,00,000 for the company as a whole, payable by bank guarantee, NEFT, RTGS, or demand draft to the bank account of SKIL Infrastructure Limited under CIRP at State Bank of India, Madam Cama Road branch, Nariman Point, Mumbai (Account No. 42730280245, IFSC: SBIN0008586). The bank guarantee, if submitted, shall be valid for 6 (six) months from the date of issuance.

EOIs must be submitted in hard copy by speed post, registered post, courier, or hand delivery to the Resolution Professional at 410, Blue Rose Industrial Estate, Off WE Highway, Near Metro Mall, Borivali (East), Mumbai 400066, Maharashtra, along with a soft copy emailed to cirpskil@gmail.com (Subject: SIL – EOI). EOIs received after the last date of May 16, 2026, shall be considered invalid.

Source: Company/INE429F01012/d22bb39a53664d47.pdf

SKIL Infrastructure Limited has formally communicated to the National Stock Exchange of India Ltd. and BSE Ltd. its inability to submit the shareholding pattern for the quarter and year ended March 31, 2026, as required under Regulation 31 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. The disclosure was made through an official letter dated April 30, 2026, signed by Purusottam Behera, Resolution Professional.

The company has been undergoing Corporate Insolvency Resolution Process (CIRP) since February 1, 2024, following an order by the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench. An appeal was filed before the National Company Law Appellate Tribunal (NCLAT) in Bhavesh Gandhi vs. Amluckie Investment Company Ltd., Company Appeal (AT) (Ins.) No. 244 of 2024. The Hon'ble NCLAT had initially stayed the constitution of the Committee of Creditors (CoC) through an interim order dated February 12, 2024.

Key Timeline of CIRP Proceedings

Following the vacating of the stay by the Hon'ble NCLAT Principal Bench, New Delhi, on October 15, 2025, the Committee of Creditors was constituted and approved by the NCLT. In the first Committee of Creditors meeting held on November 3, 2025, members approved the appointment of Mr. Purusottam Behera, who was serving as Interim Resolution Professional, as Resolution Professional.

Resolution Professional Details

Purusottam Behera serves as the Resolution Professional with IBBI Registration No. IBBI/IPA-002/IP-N00940/2019-20/12993. His AFA is valid till December 31, 2026. The Resolution Professional operates from Flat No. 402, Sai Prasad Building, Sion Kamgar CHS, Road No- 29, Sion (East) Mumbai, Maharashtra, 400022, and can be contacted at cirpskil@gmail.com or +917718851633.

Reasons for Non-Submission

The company stated that it is unable to comply with Regulation 31(b) of the SEBI LODR Regulations, 2015, due to several critical factors. The company has been under CIRP since February 1, 2024, with no cash flow or funds available for operations. Additionally, there has been non-payment of outstanding fees demanded by National Securities Depository Limited (NSDL), Central Depository Services Limited (CDSL), and Registrar and Transfer Agent (RTA). As a result, NSDL, CDSL, and RTA have stopped providing Benpos regarding shareholding of the company.

Regulatory Communication

Consequently, SKIL Infrastructure Limited has requested both stock exchanges to take the non-submission of the shareholding pattern on record, citing these peculiar facts and circumstances surrounding the ongoing insolvency proceedings.