SKIL Infrastructure Limited has announced the resignation of its Company Secretary and Compliance Officer, Mr. Nilesh Mehta, effective from the close of business hours on April 10, 2026. The resignation was formally submitted on March 23, 2026, citing prolonged financial hardship due to non-payment of salary during the ongoing Corporate Insolvency Resolution Process (CIRP).

Corporate Insolvency Resolution Process Background

SKIL Infrastructure Limited has been undergoing proceedings under the Insolvency and Bankruptcy Code, 2016, since February 1, 2024. The Hon'ble National Company Law Tribunal (NCLT) Mumbai Bench admitted an application under Section 7 of the IBC, commencing the CIRP and appointing Mr. Purusottam Behera as Interim Resolution Professional (IRP).

The process faced delays when an appeal was filed before the Hon'ble National Company Law Appellate Tribunal (NCLAT), which stayed the constitution of the Committee of Creditors (CoC) on February 12, 2024. However, the NCLAT Principal Bench vacated this stay on October 15, 2025, allowing the withdrawal of the appeal. Subsequently, the CoC was constituted and approved by the NCLT, with Mr. Purusottam Behera being appointed as Resolution Professional in the first CoC meeting held on November 3, 2025.

Resignation Details and Formal Documentation

In his resignation letter, Mr. Mehta highlighted the financial hardship caused by non-payment of salary during the CIRP period, which has exceeded two years. He also mentioned that the reduction in his remuneration during the CIRP period was significantly higher compared to peers in similar roles, adversely impacting his professional and financial position.

The Resolution Professional, Mr. Purusottam Behera, formally communicated the resignation to both the National Stock Exchange of India Ltd. and BSE Ltd. on March 27, 2026, as part of the mandatory regulatory disclosure process.

Regulatory Compliance and Filing

The resignation has been reported in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided all required details as per Part A, Para A of Schedule III of the SEBI Listing Regulations and SEBI Circular No SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Mr. Mehta has committed to discharge his responsibilities diligently until April 10, 2026, and ensure a smooth transition. He has also offered to provide necessary assistance thereafter if required. The Resolution Professional will initiate necessary filings with the Registrar of Companies and other regulatory authorities as mandated under applicable laws.