C & C Constructions Limited has informed the Exchange regarding Board meeting held on August 11, 2025.
Awaiting price reaction for this filing.
C & C Constructions' board approved the unaudited Q1 FY26 results (quarter ended June 30, 2025) reporting zero revenue from operations, other income of Rs. 34.99 lakh, and a net loss of Rs. 1.47 lakh versus a Rs. 38.41 lakh profit in the previous quarter. The company was acquired as a going concern by R K Constructions on December 27, 2024 for Rs. 104 crore after the NCLT-ordered liquidation process, though formal closure of liquidation remains pending before NCLT. New statutory auditors (ASG & Associates), secretarial auditor (Preet Kumar & Associates) and internal auditor (Rahul J Garg & Associates) were appointed, while CFO Avanish Kumar resigned effective August 11 due to personal reasons. The auditor's review includes an Emphasis of Matter regarding limited records from the Liquidator, pending NCLT application, tax prosecution notices for late TDS deposits, and EPF damages summons of Rs. 0.96 crore.
This is a transitional company emerging from insolvency/liquidation with new management, so Q1 figures reflect inherited position rather than normal operations. Shareholders should note the going concern emphasis, unresolved pre-acquisition liabilities, and pending NCLT proceedings that could materially affect future financial statements. The zero operating revenue and loss indicate business restart challenges under new promoters.