Outcome of Board Meeting held on May 6, 2026, to, inter alia, consider and approve the Audited Financial Results (Standalone and Consolidated) for the Quarter and Year ended March 31, 2026, ....
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C&C Constructions reported a standalone net loss of Rs 28.79 crore for FY 2026, compared to a loss of Rs 23.78 crore in FY 2025. Revenue from operations stood at Rs 20.10 crore for the quarter, while total income was Rs 33.57 crore for the full year. The company has negative equity of Rs 2,100.60 crore and total borrowings of Rs 1,878.13 crore. The company was acquired as a going concern by RK Constructions on December 27, 2024, following liquidation under IBC. Statutory auditors issued an unmodified opinion but included an Emphasis of Matter highlighting limited financial records available from the Liquidator and pending NCLT decisions on reliefs. The formal liquidation closure remains pending.
The company is still under IBC liquidation process with significant going concern uncertainty due to limited historical records. Shareholders should note the massive negative equity and pending legal matters including TDS prosecution notices and EPF damages. Financial statements may require material adjustments once NCLT decides on pending relief applications.