Outcome of Board Meeting
Awaiting price reaction for this filing.
C & C Constructions' board, meeting on Feb 9, 2026, approved unaudited standalone and consolidated financial results for Q3 and 9 months ended Dec 31, 2025, along with a limited review by statutory auditors ASG & Associates. Total income for Q3 FY26 stood at Rs. 51.49 million (vs. Rs. 2.85 million in Q2), with a Q3 profit of Rs. 24.40 million, but the company reported a 9-month net loss of Rs. 17.49 million. The company was originally admitted to insolvency in Feb 2019, ordered into liquidation in Oct 2022, and sold as a going concern to R K Constructions for Rs. 104 crore in Dec 2024 — but the NCLT liquidation closure is still pending. The board also approved an investment in wholly owned subsidiary Ceigall Transmission and Distribution Ltd, reconstituted the Nomination & Remuneration and Stakeholders Relationship Committees, and approved updated Related Party and Materiality policies. The auditor flagged an Emphasis of Matter noting that financials rely on limited information from the Liquidator, and that an NCLT application seeking reliefs/concessions is pending.
Shareholders should note this is essentially a post-acquisition restart: revenue has collapsed (9M income down ~97% YoY from Rs. 2,883 million to Rs. 89 million), the 9-month PAT is negative, and the auditor has raised an Emphasis of Matter citing significant uncertainty around records and pending NCLT outcomes. Section 53 of the IBC shields the company from pre-acquisition liabilities, but the stock remains high-risk given incomplete financials and unresolved liquidation proceedings.