Audited Financials results for the FY 2024-25
Awaiting price reaction for this filing.
C & C Constructions has filed its audited annual results for FY25, the first full-year statement prepared by the new management after the company was sold as a going concern to M/s R K Constructions on December 27, 2024, following NCLT-ordered liquidation under the IBC. The company was under liquidation for nearly the entire reporting period, and the figures are based on limited financial records provided by the Liquidator. The results show a loss before tax of approximately Rs 237.79 million, with revenue from operations being negligible for the year. The auditor (Shubham Goel & Associates) issued an opinion with an 'Emphasis of Matter' paragraph flagging IBC-related uncertainties, pending NCLT applications for reliefs, and a Section 276B Income Tax prosecution notice along with Rs 0.96 crore in EPF damages summons.
This filing carries significant risk signals for shareholders — the company emerged from an IBC liquidation only in late December 2024, ongoing NCLT proceedings could materially alter reported numbers, and the auditor has highlighted major uncertainties. Investors should treat these numbers as preliminary and brace for potential further adjustments once the liquidation closure and NCLT reliefs are finalized.