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C & C Constructions (CANDC) has released its Q1 FY27 results following its acquisition as a going concern by M/s R K Constructions for Rs 104 crore in December 2024. The company is currently in a transition phase, with the formal closure of the liquidation process still pending before the NCLT. Auditors have issued a limited review report noting that key financial records from the pre-acquisition period are still awaited from the Liquidator. Under Section 53 of the IBC, the company is protected from liabilities incurred prior to the sale certificate date of December 27, 2024.
medium confidence
What changedThe company has transitioned from liquidator control to new ownership by M/s R K Constructions, though legal and accounting formalities remain incomplete.
Why it mattersThis represents a potential restart for a distressed asset; however, the lack of complete historical financial data and pending regulatory approvals pose significant transparency risks.
Sale value as going concern: Rs 104.00 crInvestment sale value: Rs 31.00 crAcquisition Date: December 27, 2024Reporting Period: Quarter ended June 30, 2026
📅 Short termThe stock may see speculative interest as it resumes reporting, but the auditor's 'Emphasis of Matter' regarding missing records suggests caution.
📈 Long termThe long-term viability depends on the new promoter's ability to operationalize the construction business and clear the 'under liquidation' status.
⚠ Risk flags
Pending NCLT final closure
Limited financial data available to new management
MCA status still shows 'under liquidation'
Reliance on Section 53 IBC for legacy liability protection
👀 What to Watch
Monitor the NCLT's final order regarding the formal closure of the liquidation process and the subsequent update of the company's status on the MCA portal to 'Active'.
C & C Constructions Clarifies Financial Filings; Sold as Going Concern for ₹104 Crore
C & C Constructions Limited has clarified discrepancies in its September 2025 financial filings, noting that errors in XBRL reporting were inadvertent. The company was recently sold as a going concern for ₹104.00 crore to M/s R K Constructions following a liquidation process under the Insolvency and Bankruptcy Code. Due to the liquidation period, the company is unable to provide comparative financial figures for the quarter ended September 2024. Auditors have highlighted limited access to historical records and pending legal matters, including ₹0.96 crore in EPF damages and Income Tax prosecution notices.
Key Highlights
Company sold as a going concern for ₹104.00 crore on December 27, 2024, to M/s R K Constructions.Investments in subsidiaries and associates were sold for ₹31.00 crore in August 2024 after 13 rounds of auction.Comparative figures for September 2024 are unavailable due to non-preparation of results during the liquidation period.Auditors issued a 'Basis for Opinion' highlighting limited access to financial records and pending NCLT reliefs.Facing legal notices for TDS prosecution and ₹0.96 crore in EPF damages for the period 2013-2017.
👀 What to Watch
Investors should remain cautious as the company transitions under new management with significant gaps in historical financial data. Monitor the outcome of pending NCLT applications which may impact future accounting treatments and liability recognition.
C & C Constructions Approves FY26 Results; Appoints New Internal Auditor Post-Acquisition
C & C Constructions has approved its audited financial results for FY26, a significant milestone after its acquisition as a going concern by M/s R K Constructions for ₹104 Crores in December 2024. The company has appointed M/s. Rahul J Garg as Internal Auditors for FY27 to strengthen governance. While statutory auditors provided an unmodified opinion, they highlighted that the financials are based on limited information due to the ongoing transition from the Liquidator. Legacy legal risks remain, including ₹0.96 Crores in PF damages and income tax prosecution notices for prior years.
Key Highlights
Company sold as a going concern for ₹104 Crores on December 27, 2024, to M/s R K Constructions.Investments in subsidiaries and associates were liquidated for ₹31 Crores in August 2024.M/s. Rahul J Garg appointed as Internal Auditors for the financial year 2026-2027.Statutory auditors issued an unmodified opinion but noted significant reliance on limited data from the Liquidator.Legacy liabilities include ₹0.96 Crores in PF damages and TDS prosecution notices for multiple years (2012-2017).
👀 What to Watch
Investors should monitor the final closure of the liquidation process at NCLT and look for improved financial transparency as the new management gains full access to historical records.
C&C Constructions Reports FY26 Results; Company Sold as Going Concern for ₹104 Crore
C & C Constructions has released its audited financial results for FY26 following its acquisition as a going concern by M/s R K Constructions for ₹104.00 Crores in December 2024. The company was previously under liquidation, during which its investments in subsidiaries and associates were sold for ₹31.00 Crores. Current management is operating with limited historical data and has applied to the NCLT for specific reliefs and concessions. While the auditors provided an unmodified opinion, they highlighted significant uncertainties regarding the final accounting of liquidation-related matters.
Key Highlights
Company sold as a going concern to M/s R K Constructions for ₹104.00 Crores on December 27, 2024Investments in subsidiaries and associates liquidated for ₹31.00 Crores in August 2024Auditors noted limited access to pre-acquisition financial records and supporting documents from the LiquidatorPending NCLT application for reliefs and clarifications may significantly impact future accounting treatmentsLegal contingencies include ₹0.96 Crores in EPF damages and prosecution for late TDS deposits from FY 2012-2017
👀 What to Watch
Investors should remain cautious as the company transitions from liquidation to new management with significant historical data gaps. Closely monitor NCLT rulings and the new promoter's ability to restart operations effectively.
C&C Constructions Acquired for ₹104 Cr; Reports Q3 Net Profit of ₹2.44 Million
C&C Constructions Limited has been acquired as a going concern by M/s R K Constructions for ₹104 Crores following a liquidation process under the Insolvency and Bankruptcy Code. For the quarter ended December 31, 2025, the company reported a net profit of ₹2.44 Million on a total income of ₹51.49 Million. The board has also approved a fresh investment in its wholly-owned subsidiary, Ceigall Transmission and Distribution Limited. However, auditors have highlighted significant uncertainties due to limited access to historical financial records and pending NCLT approvals.
Key Highlights
Acquired as a going concern by M/s R K Constructions for ₹104 Crores on December 27, 2024.Reported a standalone net profit of ₹2.44 Million for Q3 FY26, reversing previous losses.Previous investments in subsidiaries and joint ventures were sold for ₹31 Crores in August 2024.Board approved equity investment in subsidiary Ceigall Transmission and Distribution Limited.Auditors issued an Emphasis of Matter regarding limited financial data and pending NCLT reliefs.
👀 What to Watch
Investors should exercise caution as the company is in a transition phase following liquidation. Monitor the final NCLT closure and the new management's ability to scale operations beyond the current limited income levels.
C&C Constructions Reports Q3 Profit of ₹24.4M Following Acquisition by R K Constructions
C&C Constructions Limited has emerged from liquidation after being acquired as a going concern by M/s R K Constructions for ₹104 Crores in December 2024. For the quarter ended December 31, 2025, the company reported a standalone profit of ₹24.42 Million, a significant shift as new management takes control. However, the auditors have highlighted that the new management has limited access to historical records from the Liquidator, and several legal matters regarding PF damages and Income Tax remain pending. The board also approved fresh investments into its subsidiary, Ceigall Transmission and Distribution Limited.
Key Highlights
Company acquired as a going concern for ₹104 Crores by M/s R K Constructions on December 27, 2024.Reported Q3 standalone net profit of ₹24.42 Million on a total income of ₹51.49 Million.Board approved equity investment in wholly owned subsidiary Ceigall Transmission and Distribution Limited (CTDL).Auditors issued an 'Emphasis of Matter' regarding limited financial data availability from the previous liquidation period.Facing legal claims including ₹0.96 Crores in PF damages and Income Tax prosecution for periods between 2012-2017.
👀 What to Watch
Investors should treat this as a high-risk turnaround play; while the exit from liquidation is positive, the lack of historical data transparency and pending NCLT reliefs require cautious monitoring. Watch for the company's ability to generate operational revenue beyond 'Other Income' in coming quarters.
C & C Constructions Forms New Subsidiary Ceigall Transmission and Distribution Ltd
C & C Constructions Limited has announced the incorporation of a wholly owned subsidiary, Ceigall Transmission and Distribution Limited (CTDL), on January 5, 2026. This new entity will focus on the power transmission and distribution industry, representing a strategic expansion for the parent company. The subsidiary has been incorporated with an initial authorized share capital of ₹1,00,000, consisting of 10,000 equity shares at ₹10 each. C & C Constructions will subscribe to 100% of the share capital in cash, maintaining full control over the new venture.
Key Highlights
Incorporation of Ceigall Transmission and Distribution Limited as a 100% subsidiary on Jan 5, 2026Strategic entry into the Power Transmission & Distribution industry sectorAuthorized share capital of ₹1,00,000 divided into 10,000 equity shares of ₹10 eachParent company to subscribe to the entire 100% shareholding via cash considerationMove signifies diversification of the company's infrastructure portfolio
👀 What to Watch
Investors should monitor the new subsidiary's ability to secure contracts in the power sector as it could become a significant growth driver. No immediate action is needed as the initial capital investment is minimal.
⚠️How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI
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