Skipper Ltd

Skipper Ltd has updated the share capital of its wholly-owned subsidiary in Brazil, SKIPPER LATAM LTDA. Initially approved for an investment of up to USD 20,000 with a share capital of BRL 1,00,000/-, the company remitted USD 19,560. Due to foreign exchange rate fluctuations, the actual received amount resulted in a revised share capital of BRL 1,01,144.76, an excess of BRL 1,144.76 over the initially intimated amount. This update was approved at a Board Meeting held on July 31, 2025, and is also available on the company's website.

Skipper Limited announced the appointment of Mr. R. N. Nayak as a Non-Executive Independent Director to its Board, effective October 12, 2026. Mr. Nayak, former Chairman and Managing Director of Power Grid Corporation of India Limited (PGCIL), brings over 40 years of experience in senior roles within the power sector, including PGCIL and NTPC. He is credited with significantly growing PGCIL's assets, revenue, and profit during his tenure. Mr. Nayak currently serves on several company boards and consults for the World Bank Group. His extensive experience in technology adoption, large-scale execution, and grid operations is expected to enhance the Board's oversight as Skipper expands its transmission and distribution business globally.

Skipper Ltd announced that its Board of Directors has approved the appointment of Mr. Rabindra Nath Nayak as an Additional Director (Non-Executive Independent) for a term of 5 years, commencing October 12, 2026. The company also approved the incorporation of a wholly-owned subsidiary, EVERGRID PVT. LTD. The appointment of Mr. Nayak is subject to shareholder approval, and a postal ballot notice will be issued. Mr. Nayak brings over 40 years of experience in the power sector, having previously served as Chairman & Managing Director of Power Grid Corporation of India Limited.

Skipper Ltd announced that its Board of Directors has approved the appointment of Mr. Rabindra Nath Nayak as an Additional Director (Non-Executive Independent) for a period of 5 years, commencing October 12, 2026. This appointment is subject to shareholder approval. The board also approved the incorporation of a wholly-owned subsidiary. Mr. Nayak brings over 40 years of experience in the power sector, having previously served as Chairman & Managing Director of Power Grid Corporation of India Limited. He holds a Master's in Electrical Engineering from IIT, Kharagpur and is not related to any existing directors of Skipper Ltd.

Skipper Ltd has announced a Board Meeting scheduled for Monday, October 12th, 2026. The primary agenda item is to consider and approve the appointment of an Independent Director, which will be subject to shareholder approval. This meeting is being held in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Skipper Ltd has received a Rectification Show Cause Notice from the Assistant Commissioner Office of The State Tax (GST), Bhubneshwar II, Odisha. This notice rectifies a previous demand of ₹2,27,53,28,966/- to ₹40,95,59,214.00/-. The company believes the rectified demand is erroneous and not tenable, stating it has substantive grounds to contest the claim. Skipper Ltd does not accept the proposed liability and considers it not an ascertained liability or expected financial outflow.

Skipper Ltd has received a show cause notice from the Assistant Commissioner Office of The State Tax (GST), Bhubneshwar II, Odisha, proposing a demand of ₹2,27,53,28,966/-. The notice, issued under Section 73 of the CGST/OGST Act, 2017, relates to a mismatch in GSTR 1, GSTR-2A, and GSTR-3B filings. The company disputes the demand, stating it is based on erroneous findings and incorrect appreciation of facts and law. Skipper Ltd asserts it has strong grounds to contest the demand and does not accept the proposed liability, indicating no material impact on its financial position or operations. The company plans to pursue all appropriate legal remedies.

Skipper Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure is in effect from October 1, 2026, until 48 hours after the declaration of the company's unaudited financial results for the quarter ending September 30, 2026. The decision aligns with the company's 'Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons' and SEBI (Prohibition of Insider Trading) Regulations, 2015, aimed at preventing insider trading. The date of the board meeting to consider these financial results will be communicated separately.

Skipper Ltd announced its management will attend the Nuvama Emerging India CEO Forum, an investor conference, on September 28, 2026. The event will be held in person. This participation aims to engage with investors and provide updates on the company's performance and strategic direction.

Skipper Limited has announced the receipt of new orders totaling ₹797 crores for domestic and international Power Transmission & Distribution (T&D) projects. The orders include export contracts for transmission towers and monopoles for projects in Australia, as well as a domestic 765 Kv transmission line project. This significant order win is expected to strengthen Skipper's presence in higher-voltage transmission infrastructure and its focus on technically complex T&D projects. The company highlighted growing traction in international business, particularly in developed markets like Australia, aligning with its strategy to expand globally.