Announcement under Regulation 30 (LODR)-Updates on Acquisition
Awaiting price reaction for this filing.
The Board of C & C Constructions, which was acquired as a going concern by M/s R K Constructions in December 2024 under IBC liquidation, approved its Q3 FY26 (quarter ended December 31, 2025) standalone and consolidated unaudited financial results. The company reported total income of Rs. 51.49 lakh (largely other income) and a profit of Rs. 24.40 lakh for the quarter (EPS Rs. 0.96), though on a 9-month basis it remains in the red with a consolidated loss of Rs. 17.49 lakh. The Board also approved an equity investment in wholly owned subsidiary Ceigall Transmission and Distribution Limited (CTDL), reconstituted the Nomination & Remuneration and Stakeholders Relationship Committees, and approved updated Related Party and Materiality policies. The new management flagged that the IBC liquidation process remains formally open before NCLT, and an application seeking reliefs and concessions has been filed, the outcome of which may impact future financial reporting.
For shareholders, this is largely a procedural update under the new R K Constructions-led management with the company still operating under the IBC liquidation shadow; the nominal quarterly profit is driven by other income rather than core operations, and meaningful clarity on the company's future direction depends on pending NCLT relief and the formal closure of the liquidation process.