CMM Infraprojects Limited
CMM Infraprojects Ltd. engages as a contractor and developer of buildings, complexes, roadways, Railways and highways.
What CMM files
- Others32
- Important10
- Board Meeting9
- Dividend/Bonus4
- Results3
- Updates3
NCLT approved CMM Infraprojects' revised share structure, lifting public shareholding post-resolution from 5% to 7.5% due to market trading. Financial terms of the resolution plan are unchanged. The implementation deadline is extended by three months. This clarifies the process for shareholders.
The company's board approved year-end financial results with a qualified audit opinion. Net profit reached 10.30 Cr, driven by a 21.26 Cr exceptional gain from CIRP write-offs. The audit qualification stems from unresolved share capital restructuring per an NCLT order, pending clarity on shareholding discrepancies.
CMM Infraprojects reported a half-year net loss of 0.33 Cr. Its NCLT resolution plan is approved and implementing, but auditors issued a qualified opinion citing ~80.53 Cr higher adjusted loss, negative net worth, and material uncertainty on going concern. NSE also flagged shareholding discrepancies requiring NCLT intervention.
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