SKIL Infrastructure Fails to Submit September 2025 Financial Results Amid CIRP Proceedings

1 min read Updated on 17 Nov 2025, 05:56 PM

Reviewed by

Shriram SScanX News Team

Overview

SKIL Infrastructure Limited, undergoing Corporate Insolvency Resolution Process (CIRP), has not submitted its financial results for Q2 2025 ending September 30. The delay is attributed to ongoing CIRP proceedings and challenges with key personnel. CIRP was initiated on February 1, 2024, by NCLT Mumbai. The Committee of Creditors was constituted on October 27, 2025, after NCLAT lifted a stay. The company faces non-cooperation from its in-house Company Secretary and complications with statutory auditors. SKIL Infrastructure has requested relaxation from stock exchanges regarding the delayed submission and commits to preparing pending financial statements as soon as possible.

*this image is generated using AI for illustrative purposes only.

SKIL Infrastructure Limited , currently undergoing Corporate Insolvency Resolution Process (CIRP), has failed to submit its financial results for the quarter ended September 30, 2025. The company attributes this delay to ongoing CIRP proceedings and challenges with key personnel.

Key Developments

CIRP initiated on February 1, 2024, following an NCLT Mumbai order
Committee of Creditors (CoC) constituted on October 27, 2025, after NCLAT lifted stay
Non-cooperation from company secretary and statutory auditors cited as reasons for delay

Timeline of Events

Date	Event
February 1, 2024	CIRP initiated by NCLT Mumbai
October 15, 2025	NCLAT vacates stay on CoC constitution
October 27, 2025	Committee of Creditors constituted
November 3, 2025	First meeting of CoC held
November 17, 2025	Company explains non-submission of financial results

Challenges Faced

Company Secretary Issues

Non-cooperation from in-house Company Secretary
IRP engaged external Company Secretary firm for compliance

Statutory Auditor Complications

Auditors declined to finalize accounts for Q3 2024 due to outstanding dues
IRP filed non-cooperation application under Section 19 of IBC
Auditors later expressed willingness to cooperate (October 31, 2025)

Current Status

SKIL Infrastructure has requested the stock exchanges for relaxation regarding the delayed submission of financial results. The company and the Interim Resolution Professional have committed to preparing and submitting the pending financial statements as soon as possible, contingent on regularization of access to records and progress in the CIRP.

Implications for Investors

The delay in financial reporting and ongoing CIRP proceedings may create uncertainty for investors. Shareholders and potential investors should closely monitor further announcements from the company and regulatory bodies for updates on SKIL Infrastructure's financial status and the progress of the insolvency resolution process.

As the situation develops, it remains crucial for stakeholders to stay informed about the company's efforts to resolve its financial and operational challenges within the framework of the insolvency proceedings.

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