C & C Constructions Limited — Others, 15-02-2025: Appointment

The Board of Directors has reviewed and approved the unaudited financial results for the nine months ended December 31, 2024, reporting a significant loss of ₹2,762.03 crore (cr). Additionally, the board noted the audited financial statements covering the period from April 1, 2024, to December 27, 2024, coinciding with the company's recent sale under the Insolvency and Bankruptcy Code.

In governance changes, the board appointed M/s Deepti & Associates as the secretarial auditor for FY 2024-25 and welcomed new directors, including Ms. Gurpreet Kaur as an independent director, and Ms. Avneet Luthra and Ms. Simran Sehgal as non-executive directors.

This update reflects ongoing restructuring efforts and may signal a shift towards stabilizing the company's operations, which could invoke a cautious yet optimistic sentiment among investors regarding future recovery.