SKIL Infrastructure Limited delays Q3 FY26 financial results due to ongoing CIRP
SKIL Infrastructure Limited delays Q3 FY26 financial results due to ongoing CIRP. The company faces non-cooperation from key personnel and auditors. The NCLT admitted the company under IBC on Feb 1, 2024. Submission of results is pending resolution of these issues.
The inability to submit financial results is a critical issue for a listed company, impacting investor confidence and regulatory compliance. The ongoing CIRP also signifies a severe financial distress.
The company is facing significant delays in submitting its financial results due to ongoing insolvency proceedings and issues with cooperation from its Company Secretary and statutory auditors. This indicates operational and compliance challenges.
SKIL Infrastructure Limited has informed the stock exchanges about the non-submission of its financial results for the quarter ended December 31, 2025. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, following an order by the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench, on February 1, 2024.
The process faced initial delays due to a stay on the constitution of the Committee of Creditors (CoC) by the Hon’ble National Company Law Appellate Tribunal (NCLAT), which was later vacated on October 15, 2025. Subsequently, the CoC was constituted and approved the appointment of Mr. Purusottam Behera as the Resolution Professional (RP).
Further challenges arose due to non-cooperation from the Company Secretary, necessitating the engagement of an external firm. Additionally, the statutory auditors initially declined to finalize accounts for the quarter ended September 30, 2024, due to outstanding pre-CIRP dues, which were to be claimed through the CIRP process. After legal notices and an application filed on August 23, 2025, the auditors expressed willingness to cooperate on October 31, 2025.
Consequently, these prolonged legal proceedings and issues with cooperation have prevented the company from compiling, finalizing, approving, and submitting its financial results for the quarter ended December 31, 2025. The Resolution Professional assures that efforts will be made to submit the pending financial statements at the earliest possible opportunity once access to records is regularized and statutory processes progress.
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SKIL Infrastructure Limited filed this with the NSE as a statutory disclosure, categorised under other results related. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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