CANDCNSEC & C Constructions Limited· ConstructionHighNeutral
Announced Mon, 10 Nov, 2025 · 19:44 IST
Q2 FY26 results, new CFO appointment and wholly owned subsidiary investment
Price reaction
Awaiting price reaction for this filing.
AI summary
Board approved Q2 FY26 results, appointed Davinder Kaushik as new CFO, and invested in new wholly owned subsidiary Ceigall Integrated Energy. Company was sold as going concern from IBC liquidation by R K Constructions for Rs 104 crore in Dec 2024. Auditor flagged emphasis of matter on pending IBC closure, NCLT reliefs application, tax prosecution notices, and Rs 0.96 crore EPF damages. Over Rs 2,442 million in balances still with the Liquidator.
Likely market impact
New management reviving company post IBC liquidation with growth plans, but IBC closure uncertainties and pending tax/EPF matters remain a risk.