The Board of Directors has considered and re-appointed M/s Sanghi & Co., Chartered Accountants as the Internal Auditor of the Company for the FY 2026-27.
Awaiting price reaction for this filing.
RCC Cements reported a net loss of Rs. 28.08 lakhs for FY 2025-26, more than double the previous year's loss of Rs. 12.22 lakhs. Revenue from operations was negligible at Rs. 2.05 lakhs for the full year. The company has negative reserves of Rs. 272.98 lakhs and its stock remains suspended from BSE trading. The statutory auditor issued an unmodified (clean) opinion but included an Emphasis of Matter noting that there has been no business revenue for a long time, capital advances of Rs. 3.74 crore are subject to party confirmation, and most asset-liability balances have remained static. Management stated they are exploring new business opportunities, including consumer electronics and mobile products, leveraging the expertise of a newly appointed director. Related party transactions include loans from Omkam Global Capital (closing balance Rs. 127.02 lakhs) and key managerial personnel remuneration. M/s Sanghi & Co. was reappointed as Internal Auditor for FY 2026-27.
The company continues to struggle with no meaningful revenue and widening losses, raising serious concerns about its ability to continue as a going concern. While the auditor gave a clean opinion, the Emphasis of Matter highlights operational stagnation. The planned diversification into electronics may offer some hope, but execution risk is high.