SKIL Infrastructure Limited unable to submit Q4FY26 shareholding pattern amid CIRP
SKIL Infrastructure Limited has officially communicated to stock exchanges its inability to submit the shareholding pattern for Q4FY26 due to ongoing Corporate Insolvency Resolution Process since February 2024. The company faces operational challenges with no cash flow and unpaid fees to NSDL, CDSL, and RTA, resulting in suspension of shareholding services. Resolution Professional Purusottam Behera signed the formal disclosure letter dated April 30, 2026.
*this image is generated using AI for illustrative purposes only.
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
| Date: | Event: |
|---|---|
| February 1, 2024: | NCLT Mumbai admitted application under Section 7 of IBC, commencing CIRP |
| February 12, 2024: | NCLAT interim order stayed constitution of CoC |
| October 15, 2025: | NCLAT Principal Bench vacated stay and allowed withdrawal of appeal |
| November 3, 2025: | First CoC meeting approved appointment of Purusottam Behera as Resolution Professional |
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
| Parameter: | Details: |
|---|---|
| NSE Symbol: | SKIL |
| BSE Scrip Code: | 539861 |
| CIN: | L36911MH1983PLC178299 |
| Letter Date: | April 30, 2026 |
| Digital Signature Time: | 2026.04.30 13:22:06 +05'30' |
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.
What potential penalties or regulatory actions might SEBI impose on SKIL Infrastructure for failing to comply with shareholding pattern disclosure requirements?
How will the ongoing insolvency proceedings affect SKIL's stock trading status and potential delisting from NSE and BSE?
What are the prospects for finding a successful resolution plan given the company's lack of cash flow and operational challenges?
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