C & C Constructions Limited has informed the Exchange regarding Change in Auditors of the company.
Awaiting price reaction for this filing.
C & C Constructions Limited reported audited financial results for Q4 and FY ended March 31, 2026. The company posted a net loss of Rs 287.93 million for FY 2026 compared to a loss of Rs 237.79 million in FY 2025. Total income was Rs 335.65 million. The balance sheet shows deeply negative equity of Rs 21,005.95 million against total assets of Rs 3,489.67 million. The company appointed M/s. Rahul J Garg as internal auditors for FY 2026-27. Notably, the company was acquired as a going concern by M/s R K Constructions on December 27, 2024, through the IBC liquidation process for Rs 104 crores, and the formal liquidation closure remains pending before NCLT.
This is a high-risk investment due to extreme negative equity, ongoing liquidation uncertainties, limited financial records available to new management, and pending NCLT decisions that could materially impact future financial statements.