C & C Constructions Limited has informed the Exchange regarding Appointment of Mr Appointment of M/s ASG & 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 the unaudited Q1 FY26 results, posting a loss of Rs. 1.47 lakhs on total income of Rs. 34.99 lakhs (entirely from other income, no operations revenue). The company appointed M/s ASG & Associates as Statutory Auditors, M/s Preet Kumar & Associates as Secretarial Auditor, and M/s Rahul J Garg & Associates as Internal Auditor, all subject to shareholder approval. Mr. Avanish Kumar resigned as CFO effective end of business on August 11, 2025, citing family commitment and personal reasons. Context: the company was sold as a going concern to M/s R K Constructions in December 2024 for Rs. 104 crore after NCLT-ordered liquidation, and the new management signed these results on a 'without liability' basis pending NCLT rulings.
For shareholders: The CFO exit adds to key-management turnover at a company still emerging from IBC liquidation, with operational revenue remaining nil. The results carry auditor emphasis-of-matter notes on IBC uncertainties, old tax prosecution notices, and pending EPF damages of Rs. 0.96 crore — factors that may keep the stock volatile until NCLT reliefs are decided.