C&C Q3 FY26 results approved; 9M loss of Rs 17.49 mn amid IBC uncertainties

Board approved Q3 FY26 (Dec 25) unaudited standalone and consolidated results showing other income of Rs 51.49 mn but a net loss of Rs 17.49 mn for 9M FY26. Revenue from operations is NIL. The company was acquired as a going concern from IBC liquidation for Rs 104 crores by R K Constructions on Dec 27, 2024, but liquidation closure is still pending before NCLT. Auditor ASG & Associates flagged an Emphasis of Matter citing limited records from the Liquidator and pending NCLT reliefs. Board also approved investment in wholly owned subsidiary Ceigall Transmission and Distribution Ltd and reconstituted committees. Tax prosecution notices and Rs 0.96 cr EPF damages summons are pending.