C & C Constructions Limited has informed the Exchange regarding Appointment of Appointment of M/s. Rahul J Garg & Associates as Other of the company w.e.f. August 11, 2025.
Awaiting price reaction for this filing.
The board of C & C Constructions, on August 11, 2025, approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025), reporting total income of Rs. 34.99 lakhs (entirely from other income, with zero revenue from operations) and a small loss before tax of Rs. 1.47 lakhs. The board appointed M/s. ASG & Associates as Statutory Auditors for a 5-year term (FY 2025-26 to FY 2029-30), M/s. Preet Kumar & Associates as Secretarial Auditor for 5 years, and M/s. Rahul J Garg & Associates as Internal Auditor for FY 2025-26. The board also accepted the resignation of Mr. Avanish Kumar as Chief Financial Officer, effective August 11, 2025, citing family commitments and personal reasons. The company is being run by a newly reconstituted board after being acquired as a going concern by M/s R K Constructions in December 2024, though the IBC liquidation process remains formally open. The auditor's review report includes an emphasis of matter noting incomplete information from the Liquidator, pending tax prosecution notices, and PF damages claims of about Rs. 0.96 crores.
Shareholders should note the company is still under IBC liquidation with no operating revenue and is heavily dependent on the new promoter's efforts to obtain records from the Liquidator. The sudden CFO exit, with no replacement named, adds to governance uncertainty at a time when the business is barely active and NCLT relief outcomes remain pending.