The Board of Directors of the Company in their meeting held on May 6, 2026, considered and approved the audited financial results for the quarter and year ended March 31, 2026.
Awaiting price reaction for this filing.
C & C Constructions Limited reported Q4 FY26 total income of Rs. 24.63 Crore and full year loss of Rs. 287.93 Crore, versus a loss of Rs. 237.79 Crore in FY25. The company continues to operate under significant distress - it was admitted to CIRP in February 2019, ordered to liquidate in October 2022, and subsequently sold as a going concern to M/s RK Constructions for Rs. 104 Crore on December 27, 2024. However, the formal liquidation closure remains pending before NCLT. The balance sheet shows negative equity of Rs. 2,100.59 Crore (net worth fully eroded) against total assets of Rs. 348.97 Crore, with current liabilities of Rs. 2,449.54 Crore including borrowings of Rs. 1,878.13 Crore. The statutory auditors issued an unmodified opinion but included an Emphasis of Matter paragraph highlighting limited financial records available to new management, pending NCLT reliefs/concessions, and ongoing legal disputes including income tax prosecution notices and EPF damages summons of Rs. 0.96 Crore.
The company remains in a precarious financial and legal state with massive negative equity and ongoing liquidation proceedings. The Emphasis of Matter from auditors signals significant uncertainty about the reliability of financial statements. Shareholders face extreme risk as the company's net worth is deeply negative and the underlying business viability remains questionable post-acquisition.