Corporate Insolvency Resolution Process

September 10, 2026 SKIL Infrastructure Limited CIN- L36911MH1983PLC178299 Company under CIRP, Hon’ble NCLT, Mumbai, Order dated Is February 2024 Purusottam Behera IBBI Registered Address: Flat No. 402, Sai Prasad Building, Sion Kamgar CHS, Road No- 29, Sion (East) Mumbai, Mumbai City, Maharashtra, 400022 Process id: cirpskil@gmail.com, Cell: +917718851633 Pursuant to Regulation 30 and 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 (LODR), we wish to inform you that the unaudited Financial Results on standalone and consolidated basis for the quarter ended on September 30, 2025, of the Company, were taken on record at the Resolution Professional (RP) Committee meeting (in lieu of suspended Board of Directors) held on Tuesday, September 08, 2026. The following matter was noted and taken on record: Unaudited Standalone and Consolidated Financial Results of the Corporate Debtor for the quarter and year ended on September 30, 2025, pursuant to the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The copy of the Un-audited financial results along with the Limited Review Report by Statutory Auditors of the Company are enclosed herewith. The meeting commenced at 06.00 P.M. and concluded at 07.30 P.M. You are requested to kindly take the above information on record. Thanking you, Yours sincerely, For SKIL Infrastructure Limited bet Behera Resolution Professional (IB AB FI A R Ve alg ii od ds t tr iwel a l t 3io 1n s tN Do ecI eBB mI b/ eI rP A s- 50 00 82 4/I P -NOO 940/2019-= 20/12993 Email: cirpskil@gmail.com ANNs&COLLP CHARTERED ACCOUNTANTS Limited Revierv Rcport on unaudited Consolidated Financial Re:sults of SKIL Infrastructure Limited ftrr the quarter ended 30th SeBtember 2025 prusuant to the Regulation 33 of SEBI (Listing Obligation anri Disclosure Requirements) Reguiations. 20i5 as amencied 'I'o Tl.re Interim Resolution Profes *.ional (Appointed uncier the Insoh-encr, and Bankmptcr,Code). S R I L Int-r.r'r rucru re Limired 1. \\'e har-e tevier,ved the accotltpaniing Staterrcnt oi Consolidateci Unaudited ljinanclai Resuits of SKIL Infrastructure Lirnited ("the Parer.rt Compar-rv") aod its sr-rbsidiar-ies (the Parcnr and its subsidiaries together rcferred to as "the Group"), and its shate of tile nct proiit./$oss) airer tar end iota) c,impttht'nsiic tncomt'i,,s,. ,,i'its isi,,ciaics rn.l joiiir reni-Lir(': ti:r thc iiii:iiicr rn,lr.J 3C'h September 2025 ("the Statement") attached herervith, beinq submittecl bv the Parent Company ptlrsu2nt to the requirelreilts of Regulation 33 antl Rcgr-rla.tion 52 reaci u-ith Regulation 63(2) of the SF'BI (I jstio-q ()bligadoos +nd Disclosr.ire Reoiriremenrs) Reqlil:u-1i-,ns, 2[)15, a-s ."rmendeel ("the Listrnr: Rcgulations"). Thc Hon'ble Natioaal Compau, Las, Tribunal ${JLT;. }Iunrbai Ilcnch \,'idc its r-rrdet datccl 1-sr Februaflr, 2024 has admitted tl-re Parent Companl tor commencinc the Corporate Insoh.enc__r Resolution Proceeding (CIRP) rrnder tl-re Insoh,eno' & Ilankruptci' Cride, 201(r (the IRC) an<1 an Tnterit.tr ltesohrtion Prolessional SRP) has becn appointed tbr con'ipletion of the CIRP in accordance rvith the 111C. The IRP l.ras laken chatsc of the Parcnt Companv from 1-st Fcbruafl. 2024 and as expiaincd in Nore no. ? to the Statement, the lRP has relied upon the assistance pror.-ided b)r.l-r. existr.ng ,statT and present kev management pers()nnel ("I{I{Ps') ibr thc preparatioll ot the Sratcmcnt. 4. \Ye conducted our terieu' of the Staternent in accr-rrdance rvith the Standarci on R.^r,ierv l-lnuagerlents (SRE) 241{l "Rer.ier.v of Inrerin'r Finar-rcial lnformation Perfirtmed bv the Inclepende nt Auditor of t}.re ltntitl"', issued -b1- the lnstitute oi Chartereci ,\ccountants of India. "fhis stanciard reqtiires drat u,e plan and petfotm the revicw to obtain moderate assrlrallce as ro whether tl-re financial statements are free of mater-ial n-iisstatement. 5. A revierv of interim financial information consists of making inquities, primarilv of pctsons responsibie fot l'lnancial ancl accountirlg matters, anci applr,inu anal-r-tical and othcr rcr.ieu, proceclures. A revie.*' is substanriallrr less in scope than an alrdr cond,,rcted in accorclar:ce with StanCards on AuCting and consequendv does not cnable us to ()btain assurancc. that rvc would becomc awatc of all significant matters that might be identificcl in ao audit. Accordinirlv, we do nor cxpress an auclit rrpinion. \Ye alsn petformed procedures in accnrdance s,ith thc circular issued br. the StrBI rindcr Regularion 33 (8) of the SEBi (Listing Obiications ancl Disclosure llequircments) ltegLrlations, 2015, as ameflded, to the extcnt applicable. i. The Statetrent includes the tesults oi rhe lollouring entitics: SKIL lnfrasrrucrure l,imited -Parenr Companv SKIL Advanced Svstems Pr-t. Ltd - Subsiclian. 341302, Roinbow Chombers, S.V. Rood, Neor MTNL Telephone Exchonge, Kondivoli West, Mumbqi - 400 067 T:+91 22-2802 1301 I E: info@omsco.net.in I www.omsco.net.in AIVI 5&COLLP -r :( I, kl:) :r:U-,,.:l .-i Basis of Qualified Conclusion Attention is drawn to Note no. ? to the Statement '.rhich expiarns that the amolrltt cf tlie clarr:"rs including claims on accouut of corporate guarantees invoked. adrnitted or to be admitted by.the IRP may differ from the amount reilecting in the books of accolrnt of the Parent Conrpan.v. Pencling final outcome of the CIRP. no adjustments have been made in the books for the differential amounts, if an-v. in the claims adinitted as on the date of the financial results as compared to the liabilities reflected in the books of account of the Parenl Compan),. Attentiort is drau'n to Note no. 8 of the tlnancial results * h ich describes the capital reduction of 99.76% approved by the Board ol Directors of Urban lnfrastructure Holdings Prt. Ltcl. (Ulf{PL) in its meeting held on 23 December 202.1 and snbsequently approved by the shareholders on 2 January 2025 anci sanctioneci b-v the Hon'ble Nationai Companv Lan'Tribunal (NCLT). Mumbai Benclr. on 24 March 2025. Consequentl). the investment in UIHPL has been irnpaired. These events and conditions indicate the existence of a material uncertainty that ma)'cast significant doubt on the Company's ability'to contiuue as a going concenl" Fiou,ever- ihe Parent Cornpany has prepared its financial results on a '-eoing concem' basis as disclosed in the Note no. 4 of the financial results. Attentiott is drarvn to Note no. i 2 of the flnancial results u,hich describes the diffbrences in the intercompany loan balances betu,een the Holding Companl,and its subsidiary SKIL Advancecl Systems Pvt. Ltd. The Holdin-u Compan,v is cun'entl-v undergoing the Corporate Insolvency Resolutiorr Process (CIRP), due to rvhich ceftain expenses incurred by the sr-rbsidiary on behalf of the Holding Company have not been recognised in the books of the Holding Company. Consequently', an unrecouciled difference of approxirnatelv <16.19 lakh e.rists in the intercompany loan baiances. u'hich has been adjusteci through the Reserve and Surplus. Had this been accounted. the Loss and the Liabilities would have increased to the extent of the amount specified above. Attention is drawn to Note no. 7 of the Statement. rvherein the SKIL Group had deconsolidated its subsidiary in the previous year, SKJL Shipy'ard Holdings Pvt. Ltd., on account of loss of sontrol. How'ever, the deconsolidation has noi been carried out on the exact date on which control was losl as required under the principles of Ind AS 110 Con.solideied Fbumcietl Statenonts. Further, au unreconciled balance of Rs. g lakhs betrveen the Company and the said subsidiary have been derecognized upon deconsolidation rvithout adequate supporting documentation. In the absence of sufficient and appropriate audit evidence regarding the corect timing of Ioss of control and tlre completeness and accuracy of the adjLrstments made on deconsolidation. we are unable to determine the impact of these matters on the [Showing first 8,000 characters — download PDF for full document]