Consolidated Construction Consortium Limited has informed the Exchange about Shareholders meeting
CCCL · price
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Consolidated Construction Consortium Limited (CCCL) has issued the notice for its 28th AGM scheduled on Monday, July 28, 2025 at 3:30 PM in Chennai. Key agenda items include adoption of FY25 standalone and consolidated financial statements, re-appointment of Mr. V.G. Janarthanam as director (retiring by rotation), and appointment of Mr. N. Balachandran as Secretarial Auditor for a 5-year term (FY26–FY30). For FY25, net revenue rose 40% to Rs 177.91 crore (vs Rs 126.95 crore), but profit after tax fell sharply to Rs 50.40 crore from Rs 665.67 crore, as the prior year had exceptional gains from exiting the CIRP process. The board has skipped the dividend citing the need to conserve resources. A material post-balance-sheet event is the Rs 225 crore sale of wholly-owned subsidiary CCCL Infrastructure (along with step-down CCCL Pearl City) to DPF Textiles Private Limited, signed in May 2025. Remote e-voting runs from July 25 to July 27, 2025.
Routine AGM notice, but the sharp drop in PAT versus revenue growth highlights that CCCL is still in financial recovery post-CIRP. The Rs 225 crore subsidiary sale is a meaningful liquidity event and could support the company's stated efforts to strengthen its non-fund based banking facilities.