The Board of Directors of the Company in their meeting held on August 11, 2025, considered, approved and recommended the appointment of M/s. Preet Kumar & Associates, peer reviewed practicing ....
Awaiting price reaction for this filing.
The Board of Directors of C & C Constructions Ltd met on August 11, 2025 and approved several items. It cleared the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025), which showed zero revenue from operations and only Rs. 34.99 lakh in other income, resulting in a small loss before tax of Rs. 1.47 lakh and an EPS of Rs. (0.06). The Board appointed ASG & Associates as Statutory Auditors for a five-year term (FY26–FY30), Preet Kumar & Associates as Secretarial Auditor for the same term, and Rahul J Garg & Associates as Internal Auditors for FY26 — all subject to shareholder approval. The Board also accepted the resignation of Mr. Avanish Kumar as Chief Financial Officer, effective close of business on August 11, 2025, citing family commitments and personal exigency with no other material reasons. The company was acquired as a going concern by M/s R K Constructions on December 27, 2024 under IBC liquidation, and the formal closure of the liquidation process before NCLT is still pending, leaving several uncertainties in the books.
The CFO resignation at this early stage under the new management adds a governance and continuity risk, especially since the company is still transitioning out of liquidation with limited financial records available. Q1 FY26 results show essentially no operating revenue, indicating the business is yet to be revived. Shareholders should watch for appointment of a new CFO, shareholder approval of auditors, and further updates on the pending NCLT liquidation closure.