SKIL Infrastructure delays financial results due to IBC proceedings

SKIL Infrastructure Limited has informed the Exchange about a delay in filing its financial results for the quarter and half-year ended September 30, 2026. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, following an NCLT order on February 1, 2024. Delays were caused by legal proceedings, including an appeal and stay on the Committee of Creditors (CoC) constitution, and initial non-cooperation from the Company Secretary and Statutory Auditors. The auditors declined to finalize accounts until pre-CIRP dues were cleared, leading to a non-cooperation application. The auditors have since agreed to cooperate. The company has now compiled and approved results up to December 31, 2025, and is working on subsequent periods.