C&C Constructions Q3 FY26 results filed; auditor flags going concern uncertainty
Awaiting price reaction for this filing.
C&C Constructions posted Q3 FY26 standalone total income of Rs 51.49 million (vs Rs 2.85 million in Q2) and profit of Rs 24.40 million. No revenue from operations. Company was acquired as a going concern by R K Constructions in Dec 2024 for Rs 104 crore after NCLT-ordered liquidation. Auditor ASG and Associates included an Emphasis of Matter citing limited records from the Liquidator, pending NCLT closure, and tax plus EPF prosecution notices. Board approved investment in wholly owned subsidiary Ceigall Transmission and re-constituted committees.
Major uncertainty persists as IBC liquidation closure is still pending. Limited financial transparency under new management. Significant risk for shareholders.