C & C Constructions Limited has informed the Exchange regarding Appointment of Appointment of M/s. Preet Kumar & Associates as Other of the company w.e.f. August 11, 2025.
Awaiting price reaction for this filing.
C & C Constructions' board met on August 11, 2025 and approved multiple decisions. The company reported nil revenue from operations for Q1 FY26 (quarter ended June 30, 2025), with only ₹34.99 lakhs in other income against ₹36.46 lakhs in total expenses, resulting in a small loss of ₹1.47 lakhs (EPS of -₹0.06). The board approved the appointment of M/s. ASG & Associates as statutory auditors for a five-year term (FY25-26 to FY29-30), M/s. Preet Kumar & Associates as secretarial auditor for five years, and M/s. Rahul J Garg & Associates as internal auditors for FY 2025-26. Additionally, CFO Mr. Avanish Kumar resigned effective close of business on August 11, 2025, citing family commitment and personal exigency, with no other material reasons stated. The company, which was acquired as a going concern by R K Constructions on December 27, 2024 after liquidation proceedings under the IBC, continues to face uncertainty as the formal closure of liquidation remains pending at the NCLT.
Shareholders should note the CFO departure, though it is attributed to personal reasons rather than governance issues. The nil operating revenue and pending liquidation closure at NCLT continue to make this a high-risk, speculative stock. The financial results remain subject to revisions as new management obtains further information from the Liquidator.