C & C Constructions Limited announced that its Board of Directors, in a meeting held on May 06, 2026, approved the audited financial results for the quarter and year ended March 31, 2026. The results, presented on both standalone and consolidated bases, include the Statement of Profit & Loss, Statement of Assets & Liabilities, and Statement of Cash Flow for the financial year. These results were reviewed by the Audit Committee and audited by M/s. A S G & Associates, who provided an unmodified audit opinion. Furthermore, the Board approved the appointment of M/s. Rahul J Garg, Chartered Accountants, as the Internal Auditors for the Financial Year 2026-2027, based on the recommendation of the Audit Committee. The financial statements highlight significant uncertainties due to the ongoing Corporate Insolvency and Bankruptcy Process (CIRP). The company was acquired as a going concern on December 27, 2024, following liquidation proceedings. The financial results prepared are based on limited and preliminary information available, with adjustments pending the outcome of an application filed with the National Company Law Tribunal (NCLT) for reliefs and concessions. The auditors' report draws attention to these uncertainties, noting that future information or NCLT decisions may necessitate revisions to the financial statements. The company also reported receiving notices regarding prosecution proceedings for late TDS deposits and summons for damages related to EPF non-compliance. The Board meeting commenced at 04:00 P.M. and concluded at 07:55 P.M. The financial results are also available on the company's website.
