Announcement under Regulation 30 of SEBI (LODR) Regulations, 2015 : Intimation of Incorporation of Wholly Owned Subsidiary
Awaiting price reaction for this filing.
C & C Constructions Ltd has incorporated a new wholly owned subsidiary named 'Ceigall Transmission and Distribution Limited' (CTDL) on January 5, 2026, under the Companies Act, 2013. CTDL will operate in the power transmission and distribution industry. The new company has an authorized share capital of ₹1 Lakh, divided into 10,000 equity shares of ₹10 each. C & C Constructions will subscribe to 100% of CTDL's paid-up share capital in cash, with an initial investment not exceeding ₹1,00,000. Post allotment, CCCL and CTDL will be classified as related parties, with CCCL acting as the promoter of the new entity. Detailed disclosures under SEBI LODR Regulation 30 have been provided in Annexure A.
While the immediate financial outlay is negligible (₹1 Lakh), this move signals a strategic entry into the power transmission and distribution sector, broadening the company's infrastructure footprint beyond its core construction business. Shareholders may view this positively as a diversification step, though meaningful impact on earnings will depend on future capital infusion and project wins by the subsidiary.