C & C Constructions Limited has appointed Mr. Sunil Kumar as its Company Secretary & Compliance Officer, effective June 05, 2026. The appointment, approved by the Board based on the recommendation of the Nomination & Remuneration Committee, designates Mr. Kumar as a Key Managerial Personnel under Section 203 of the Companies Act, 2013, and Regulation 6(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This move strengthens the company's compliance framework as Mr. Kumar assumes responsibility for all functions of a Company Secretary as prescribed under Section 205 of the Companies Act, 2013, and serves as the Compliance Officer under Regulation 6 of the SEBI Listing Regulations, 2015.

Mr. Sunil Kumar is an Associate Member of the Institute of Company Secretaries of India (ICSI Membership No. A38859), a Law Graduate, and a Commerce Graduate. He possesses 11 years of experience handling overall corporate secretarial affairs and statutory compliances under Company Law and SEBI Laws. Prior to joining C & C Constructions Limited, he worked with Transport Corporation of India Limited from June 2025 to March 2026, Vipul Limited from January 2016 to June 2025, and LMJ Logistics Limited from March 2015 to January 2016.

The Board meeting, held on June 05, 2026, also authorized the Key Managerial Personnel to determine the materiality of events or information and make disclosures to stock exchanges under Regulation 30 of the SEBI Listing Regulations. The meeting commenced at 03:40 PM and concluded at 03:50 PM.

Key Managerial Personnel

The following individuals have been authorized by the Board for determining materiality and making disclosures:

C & C Constructions Limited has disclosed its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, with the results subsequently published in newspapers on May 8, 2026, pursuant to Regulation 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The publications appeared in Financial Express (English – All Editions) and Dainik Savera Times (Hindi Edition – New Delhi). The results, audited by M/s A S G & Associates, Chartered Accountants (FRN: 000389N), were issued with an unmodified opinion. The company continues to operate under significant constraints stemming from its ongoing liquidation proceedings under the Insolvency and Bankruptcy Code, 2016 (IBC), having been acquired as a going concern by M/s RK Constructions vide a Sale Certificate dated December 27, 2024.

Financial Performance Overview

The company reported a consolidated total income of ₹335.65 Mn for the year ended March 31, 2026, compared to ₹90.87 Mn in the previous year. However, total consolidated expenses stood at ₹623.64 Mn, resulting in a consolidated net loss of ₹287.98 Mn for FY26, against a net loss of ₹237.79 Mn in the prior year. The following table summarises the key consolidated and standalone financial results as published:

All amounts are in Million INR unless otherwise stated. Figures for the quarter ended March 31, 2026 and March 31, 2025 are balancing figures between the audited full-year figures and the published year-to-date unaudited figures up to the third quarter of the respective financial year. The above standalone and consolidated results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on May 6, 2026.

Consolidated Balance Sheet Highlights

The consolidated balance sheet as at March 31, 2026 reflects the company's deeply stressed financial position, with total equity standing at a negative ₹21,006.00 Mn, driven by accumulated other equity of negative ₹21,260.45 Mn. Total assets stood at ₹3,489.68 Mn against total liabilities dominated by current borrowings of ₹18,781.34 Mn.

IBC Liquidation Background and Auditor Emphasis

The Corporate Insolvency Resolution Process (CIRP) against the company was initiated on February 14, 2019, following a petition filed by ICICI Bank Limited before the National Company Law Tribunal (NCLT), Special Bench, New Delhi. The NCLT ordered the liquidation of the company on October 7, 2022. Subsequently, the Liquidator sold all investments of the company in subsidiaries, associates, joint ventures, and other investments for a sum of Rs.31.00 Crores on August 6, 2024, after the 13th round of auction, and sold the company as a going concern for a sum of Rs.104.00 Crores on December 27, 2024, after the 14th round of auction.

The statutory auditors have included an Emphasis of Matter in their audit report, highlighting that the financial statements have been prepared based on limited and preliminary information available to the new management as at March 31, 2026. Key records and financial data from the erstwhile Liquidator are still awaited. The auditors further noted that an application has been filed with the NCLT by the new management seeking reliefs, concessions, and clarifications, the outcome of which may materially impact the accounting treatment and financial reporting of certain matters.

The auditors also reported the following matters under Emphasis of Matter:

• The company has received notices under Section 276(B) of the Income Tax Act, 1961, for initiation of prosecution proceedings related to late deposit of tax deducted at source for financial years 2012-13, 2013-14, 2014-15, and 2016-17.
• The company has received summons for levy of damages under Section 14B of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952, aggregating to ₹0.96 Crores for the period from 2013-2016 and from 2014-2017, and the matter is presently sub-judice.

The audit opinion is not modified or qualified in respect of these matters.

Corporate Actions and Appointments

At the same Board meeting, the company also approved the appointment of M/s. Rahul J Garg & Associates, Chartered Accountants (FRN: 035806N), as Internal Auditors of the company for the financial year 2026-2027, on the recommendation of the Audit Committee. The firm, established in 2012 and based in Ludhiana, Punjab, has over 14 years of professional standing and offers services including Assurance, Internal and GST Audits, Risk Advisory, Tax Advisory, and Corporate Consultancy.

Management Disclosures and Limitations

The re-constituted Board of Directors has signed the financial results for the quarter and year ended March 31, 2026, strictly for the purpose of statutory compliance and in good faith, on a without-liability basis. The Board has relied solely on the balance sheet of the company as of December 27, 2024, prepared by the Liquidator, along with books of accounts, bank statements, and other records made available by the Liquidator. The formal closure of the liquidation process remains pending before the NCLT, and the company's status continues to show as under liquidation with the Ministry of Corporate Affairs (MCA). The management has stated that accounting adjustments to assets and liabilities will be made in accordance with applicable laws and in line with the reliefs and concessions sought from the NCLT. The filing was communicated to both BSE Limited and the National Stock Exchange of India Limited on May 8, 2026, and is also available on the company's website at candcinfrastructure.com.