C & C Constructions Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
Awaiting price reaction for this filing.
C & C Constructions Limited, which was acquired as a going concern by M/s R K Constructions in December 2024 from IBC liquidation, submitted its unaudited Q1 FY26 results (quarter ended June 30, 2025). Revenue from operations was nil; total income stood at Rs. 3.499 million (entirely from other income), and the company posted a small loss of Rs. 1.47 million versus a profit of Rs. 38.41 million in the previous quarter (Q4 FY25). No comparable figures for Q1 FY25 are available because results were not prepared during the CIRP/liquidation period. The board appointed ASG & Associates as new statutory auditors for five years, Preet Kumar & Associates as secretarial auditor, and Rahul J Garg & Associates as internal auditor. CFO Mr. Avanish Kumar resigned effective August 11, 2025, citing personal reasons. The auditor included an Emphasis of Matter noting that the IBC liquidation closure is still pending at NCLT, the new management has access to only limited financial records, and new tax prosecution notices (Section 276B of Income Tax Act for FY 2012-13 to 2016-17) along with EPF damages summons of Rs. 0.96 crores have been received.
This is a company in transition with zero operating revenue and significant unresolved uncertainties from its prior insolvency/liquidation process. The auditor's Emphasis of Matter, fresh contingent liabilities, and CFO exit add governance and operational risk for shareholders. The stock remains high-risk pending closure of NCLT liquidation proceedings and clarity on the new management's business plan.