The Board of Directors of the Company, in their meeting held on August 11, 2025, considered and approved the unaudited financial results for the quarter ended June 30, 2025, along with ....
Awaiting price reaction for this filing.
C & C Constructions' Board, on August 11, 2025, approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025), showing zero revenue from operations and a marginal loss of Rs. 1.47 lakh against other income of Rs. 34.99 lakh. The Board also appointed new Statutory Auditors (ASG & Associates), Secretarial Auditors (Preet Kumar & Associates, 5-year term), and Internal Auditors (Rahul J Garg & Associates) for FY26. The CFO, Mr. Avanish Kumar, resigned effective August 11, 2025 citing personal reasons. The company remains in a transition phase — it was acquired as a going concern by M/s R K Constructions via a sale certificate dated December 27, 2024, following an NCLT-ordered liquidation in October 2022, though the formal closure of the liquidation process is still pending before the NCLT. The auditor issued an Emphasis of Matter, noting that financial statements were prepared based on limited/preliminary information available to new management, with key records still awaited from the Liquidator.
The stock continues to reflect post-IBC transition uncertainty — there is no operational revenue, the company reported a small loss versus a profit in Q4 FY25, and the auditor's emphasis of matter highlights incomplete records and pending NCLT relief. Shareholders face continued ambiguity until the liquidation closure, NCLT application outcome, and new management's operational revival plans become clearer.