Announcement under regulation 30 (LODR) 2015
Awaiting price reaction for this filing.
C & C Constructions' board, on November 10, 2025, approved its unaudited financial results for the quarter and half year ended September 30, 2025, along with a limited review report from statutory auditors ASG & Associates. The board also appointed Mr. Davinder Kaushik (age 27, a chartered accountant from the Ceigall Group) as the new Chief Financial Officer, and approved a Rs. 1 lakh investment to set up a new wholly owned subsidiary, Ceigall Integrated Energy Limited, in the electric power industry. The company is in post-IBC transition after being sold as a going concern by the Liquidator to M/s R K Constructions for Rs. 104 crores on December 27, 2024, with formal liquidation closure still pending at NCLT. The auditor flagged an Emphasis of Matter citing material uncertainties from the pending IBC process, reliance on limited information from the Liquidator, and old sub-judice matters — Rs. 0.96 crore EPF damages summons and prosecution notices u/s 276(B) of the Income Tax Act for FY2012-13 to FY2016-17. The auditor's opinion was not modified or qualified. Related party transactions disclosed include a Rs. 500 lakh secured loan to Ceigall Infra Projects at 9.5% interest, with total related party transactions of Rs. 519.19 lakh.
For shareholders, this signals a company actively trying to restart operations under new ownership after exiting IBC, but with significant uncertainty — the financial statements are built on limited Liquidator data and may be revised pending NCLT rulings and additional records. The Emphasis of Matter and ongoing IBC closure process mean reported numbers should be treated as preliminary. The large related party loan and KMP-level transactions to entities connected to the new promoter group warrant close investor attention.