SKIL Infrastructure CIRP: FY26 auditor named in 2026

What SKIL disclosed to exchanges

SKIL Infrastructure Limited has continued to file Corporate Insolvency Resolution Process (CIRP) related updates with stock exchanges around its Committee of Creditors (CoC) meetings. The company referred to an Eleventh (11th) CoC meeting held in September 2026, along with earlier intimations around prior meetings. It also filed post facto and pre facto disclosures for the Tenth (10th) CoC meeting held on August 25, 2026. These filings were positioned as routine compliance under SEBI disclosure requirements during CIRP. The company is listed with NSE symbol SKIL and BSE code 539861.

FY26 statutory auditor appointment approved by the CoC

A key disclosure from the CoC process was the appointment of M/s AMS & Co LLP as SKIL Infrastructure’s statutory auditors for FY26. The company said the appointment was approved at a CoC meeting held on August 12, 2026. The auditor firm was identified as a Chartered Accountants firm with ICAI Firm Registration No. 130878W/W101034. The stated term for the appointment is one year. The audit period covered is FY26, which the company described as the financial year 2025–26. The company’s exchange filing linked the appointment to its ongoing CIRP framework and related governance requirements.

CoC meeting intimations: 9th and 10th meetings

SKIL Infrastructure also disclosed the scheduling and completion of CoC meetings in August 2026. The company announced its 9th Committee of Creditors meeting for August 12, 2026, noting that it would be conducted virtually at 4:30 PM under SEBI disclosure regulations. Separately, it issued a pre facto intimation for the 10th CoC meeting to be held on August 25, 2026. It later issued a post facto intimation confirming that the 10th meeting was held on August 25, 2026. The company stated that the 10th CoC meeting was conducted virtually from 5:00 PM to 5:30 PM. These disclosures were presented as part of CIRP-related compliances with exchanges.

CIRP status and the legal timeline behind the CoC

SKIL Infrastructure is undergoing CIRP initiated by an NCLT order dated February 1, 2024. The constitution of the CoC was stayed by NCLAT on February 12, 2024, following an appeal filed as Company Appeal (AT) (Ins.) No. 244 of 2024. The NCLAT later vacated the stay and allowed withdrawal of the appeal on October 15, 2025. After that, the CoC was constituted and approved by NCLT, as disclosed. The company also disclosed that in the 1st CoC meeting on November 3, 2025, Mr. Purusottam Behera was approved as the Resolution Professional (RP). This sequence is important because it explains why the CoC-related approvals, including auditor appointment, took place after the stay was lifted.

Financial reporting under CIRP and “going concern” uncertainty

SKIL Infrastructure indicated that its financial reporting during CIRP carries material uncertainty around the going concern assumption. It disclosed that unaudited financial results for Q2 FY26 were reviewed under CIRP, and that key uncertainties affect the company’s going concern status. The company also pointed to audited financial results for the year ended March 31, 2025, stating that material uncertainties remain linked to pending CIRP resolutions. In an annexure, management stated that the financial impact of audit qualifications is unascertainable due to the ongoing CIRP and significant uncertainties. It added that the impact depends on the outcome of the CIRP, completion of reconciliations, receipt of confirmations, and pending approvals.

Loss for FY25 and the comparison with FY24

The company reported a sharp deterioration in its standalone result for the fiscal year ended March 31, 2025. SKIL Infrastructure disclosed a standalone net loss of ₹3,052.42 crore for FY25, compared with a standalone net profit of ₹8.88 crore in the previous year. The disclosure was presented in the context of audited results and ongoing CIRP-linked uncertainty. The company did not provide additional forward guidance in the provided information. But it did link the disclosures to compliance and reporting during the resolution process.

Resolution plans received and Form G timeline

SKIL Infrastructure disclosed that its resolution professional received seven resolution plans by June 27, 2026, and the company informed exchanges about this update. The company also disclosed a fresh invitation for expression of interest (EOI) through Form G dated May 1, 2026. It stated that the CoC approved the fresh Form G at its 5th meeting on April 8, 2026, with an EOI submission deadline of May 16, 2026. The last date for submission of resolution plans was stated as June 27, 2026. The company also disclosed that an earnest money deposit (EMD) of INR 10,00,000 was required, described as non-interest-bearing and refundable, payable through multiple banking modes to SKIL Infrastructure Limited under CIRP. It further disclosed that EOIs had to be submitted physically to the RP’s address and emailed, and that EOIs received after May 16, 2026 would be considered invalid.

Key facts snapshot

Market indicators and why the disclosures matter

The disclosures largely reflect compliance steps while the company remains under CIRP, including CoC meeting intimations and governance decisions such as appointing the statutory auditor. In market data shown alongside the updates, SKIL Infrastructure’s stock price was listed at ₹0.84 with a 0.00% change for the day referenced. The information also showed “Latest PE of SKIL Infrastructure is 0,” without additional explanation in the provided material. For investors tracking insolvency processes, these filings help confirm process milestones, including CoC functioning, audit oversight for FY26, and the receipt of resolution plans. At the same time, the company has repeatedly flagged uncertainty in financial statements tied to CIRP outcomes and pending reconciliations.

Conclusion

SKIL Infrastructure’s recent exchange updates centre on CoC meeting disclosures and the appointment of M/s AMS & Co LLP as statutory auditors for FY26, approved on August 12, 2026. The broader context remains the company’s CIRP that began under an NCLT order on February 1, 2024, and moved ahead after NCLAT vacated the stay on CoC constitution on October 15, 2025. The company has also disclosed the receipt of seven resolution plans by June 27, 2026, and has continued to flag going concern uncertainty in its financial reporting during CIRP. The next formal checkpoints for public markets will continue to be exchange filings tied to CoC decisions, regulatory milestones, and any outcomes communicated through the resolution professional’s process.