Board Meeting Outcome for Un-audited Financial Results for the Quarter and Half Year Ended September 30, 2025.
Awaiting price reaction for this filing.
C & C Constructions Ltd's board approved unaudited financial results for Q2 and H1 FY26 (ended Sept 30, 2025). The company was sold as a going concern to M/s R K Constructions (RKC) on December 27, 2024 for Rs. 104 Crores, following an NCLT-ordered liquidation in October 2022 after a failed CIRP process initiated in February 2019. The statutory auditor (A S G & Associates) issued a review report with an Emphasis of Matter (not a qualified opinion), flagging that the new management had access only to limited records from the Liquidator and that the formal closure of the liquidation remains pending before the NCLT. Total assets stood at roughly Rs. 5,739 million as against Rs. 3,353 million a year earlier, with trade receivables of about Rs. 1,209 million. The board also appointed a new CFO (Mr. Davinder Kaushik, age 27, a Chartered Accountant) and approved a Rs. 1 lakh investment in a newly incorporated wholly-owned subsidiary, Ceigall Integrated Energy Ltd (CIEL), marking an entry into the electric power sector. Related party loans of Rs. 500 million were extended to Ceigall Infra Projects Pvt Ltd at 9.5% interest.
The stock continues to carry significant uncertainty — the company is still classified as 'under liquidation' with the Ministry of Corporate Affairs, financial statements rely on incomplete Liquidator records, and the re-constituted board has signed results on a 'without liability' basis. Investors should treat these numbers as preliminary, with outcomes of the pending NCLT relief application and any information from the Liquidator potentially triggering material restatements.