C & C Constructions Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
Awaiting price reaction for this filing.
C & C Constructions Limited reported its audited financial results for FY 2026. The company posted a net loss of Rs. 287.93 million, compared to a loss of Rs. 237.79 million in the previous year. Revenue from operations stood at Rs. 200.96 million. The company has undergone significant restructuring under the Insolvency and Bankruptcy Code (IBC) - it was ordered for liquidation in October 2022 and was subsequently sold as a going concern to M/s R K Constructions on December 27, 2024 for Rs. 104.00 crores. The balance sheet shows severely negative equity of Rs. 21,005.95 million. The auditors issued an unmodified opinion but included multiple Emphasis of Matter paragraphs highlighting limited financial records available to new management, pending NCLT proceedings for reliefs and concessions, and tax prosecution notices. Operating cash flow was negative at Rs. 555.30 million. The formal liquidation closure remains pending before NCLT.
The company remains in precarious financial condition with negative equity of over Rs. 21,000 million and significant accumulated losses. Shareholders should be extremely cautious as the stock carries high risk given the ongoing liquidation uncertainties, limited historical records, and pending legal proceedings including TDS prosecution notices and EPF summons.