C & C Constructions Ltd

Insider trading code amendment

• Code for Prevention of Insider Trading amended; effective August 7, 2026.
• Purpose: prevent insider trading; ensure compliance with SEBI PIT Regulations.
• Full code to be available on the company website.
• Amendment implemented under Regulation 8(2) of PIT Regulations, 2015.

Board approval and related disclosures

• Board approved unaudited standalone and consolidated results for quarter ended June 30, 2026.
• Limited Review Reports issued by ASG & Associates; Audit Committee recommended.
• Results prepared under Indian Accounting Standards; subject to liquidation-related uncertainties.
• Notes indicate ongoing liquidation; final closure pending before NCLT; results reflect information from liquidator.

Meeting Details

• Date of meeting: Friday, August 07, 2026 (time and venue not disclosed).

Key Agenda Items

• Consider and approve unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.

Other Notes

• Trading window closed for all designated persons from July 01, 2026.
• Trading window to reopen 48 hours after declaration of June 30, 2026 results.
• Company is in liquidation; shares suspended.

Certificate details

• Regulation 74(5) compliance certificate for the quarter ended in the reporting period enclosed.
• Certificate is duly signed.
• Certificate received from the Registrar and Transfer Agent.

Target Entity and Acquisition Details

• Ceigall Transmission and Distribution Limited (CTDL), newly incorporated in India, operates in Power Transmission & Distribution.
• Authorized share capital of Rs. 1,00,000 divided into 10,000 equity shares of Rs. 10 each.
• CTDL has no turnover or operational history as a newly incorporated entity.
• C&C Constructions Limited (CCCL), the promoter, acquired 100% of CTDL’s paid-up share capital.
• Acquisition involved 100% subscription to CTDL’s equity shares for Rs. 1,00,000 in cash.
• CTDL is a wholly owned subsidiary of CCCL; this is a related party transaction.

Strategic Rationale and Regulatory Approvals

• Acquisition aligns with CCCL’s restructuring and expansion in the power transmission sector.
• No regulatory or governmental approvals are required for this acquisition.
• Acquisition relates to share subscription upon incorporation; no external business lines involved.

Acquirer Background and Context

• CCCL was under liquidation and acquired as a going concern by M/s R K Constructions on December 27, 2024.
• Financial statements prepared with limited information; formal liquidation closure pending.
• No additional liabilities recognized for pre-sale obligations under insolvency regulations.

Financial Performance 📊

• Standalone and consolidated Q3 FY26 revenue ₹51.49 million; employee expenses ₹2.47 million; finance costs ₹17.88 million.
• Loss before tax for Q3 FY26 stood at ₹24.40 million (standalone and consolidated).
• EPS (basic and diluted) for Q3 FY26 was ₹0.96 (standalone and consolidated).

Corporate Actions & Governance 📍

• Board approved investment in 100% equity of newly incorporated subsidiary Ceigall Transmission and Distribution Ltd (CTDL).
• CTDL authorized share capital ₹100,000; C&C holds 100% equity; no turnover as newly incorporated.
• Reconstituted Nomination & Remuneration and Stakeholders Relationship Committees with new independent directors.
• Approved Related Party Policy and Materiality of Event Policy.

Audit & Regulatory Matters ⚠️

• Auditor reviewed Q3 FY26 results with Emphasis of Matter on ongoing liquidation and limited information.
• Results subject to change pending NCLT rulings and Liquidator information; no audit opinion expressed.
• Company under liquidation since Oct 7, 2022; sold as going concern on Dec 27, 2024, to M/s R K Constructions.
• Financials prepared based on limited data from Liquidator as of Dec 27, 2024; adjustments pending.
• Company received prosecution notices for late TDS deposits FY13-FY17 and summons for PF damages totaling ₹0.96 crore; matters sub-judice.

Legal & Liquidation Updates 🗓️

• No additional liabilities recognized for pre-sale obligations per Section 53 of IBC; statutory safeguards apply.
• New management filed application with NCLT seeking reliefs impacting liquidation accounting; outcome pending.
• Financials exclude adjustments for liquidation transactions post-sale certificates dated Aug 6, 2024, and Dec 27, 2024.
• Labour Codes impact assessed as immaterial and accounted for in Q3 FY26 results; monitoring ongoing.