The Board of Directors in their meeting held on August 11, 2025 considered and approved the unaudited financial results for quarter ended June 30, 2025, along with limited review report thereon
Awaiting price reaction for this filing.
C & C Constructions' board, on August 11, 2025, approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). The company posted zero revenue from operations and a small loss of Rs 1.47 lakh (PAT), after a profit of Rs 38.41 lakh in the preceding quarter ended March 31, 2025. Other income fell sharply to Rs 34.99 lakh from Rs 71.71 lakh in Q4 FY25, and the full-year FY25 results showed a large loss of Rs 237.79 lakh. The company is undergoing a complex transition: it was admitted to insolvency in February 2019, ordered into liquidation in October 2022, and sold as a going concern to M/s R K Constructions on December 27, 2024, with the formal closure of the liquidation process still pending before NCLT. The auditor flagged an Emphasis of Matter citing reliance on limited information from the Liquidator and ongoing IBC uncertainties. New statutory auditor ASG & Associates, new secretarial auditor, and new internal auditor were appointed, and CFO Mr. Avanish Kumar resigned citing personal reasons.
Shareholders should note that the company has no operational revenue, posted a loss in Q1, and its financials are based on incomplete records inherited from the Liquidator, making future restatements likely. The pending NCLT outcome and pre-acquisition tax/EPF contingencies (Rs 0.96 crore in EPF damages alone) remain key risks; expect continued volatility and limited operating visibility.