Consolidated Construction Consortium Limited Corrects Investor Details in Rs.98.90 Crore Preferential Issue

Consolidated construction Consortium Limited has issued a corrigendum to correct investor details in its proposed preferential issue, addressing an error in the original board meeting outcome dated January 30, 2026. The correction specifically pertains to the identity of the entity that will participate in the company's fundraising initiative. Investor Name Correction The company has clarified that Mark AB Capital Private Limited will be the actual investor, replacing the previously mentioned Mark A B Capital Investment LLC in the original documentation. This correction was communicated through a formal letter to both the National Stock Exchange of India Limited and BSE Limited on February 3, 2026. The company emphasized that all other details of the preferential issue remain unaltered, with only the investor name requiring modification. Preferential Issue Details The preferential issue involves the issuance of equity shares to non-promoter allottees under the regulatory framework of SEBI regulations. The company has provided comprehensive details of the proposed securities issuance in compliance with disclosure requirements. Parameter Details Security Type Equity Shares Face Value Rs.2.00 per share Issue Price Rs.23.00 per share Premium Rs.21.00 per share Maximum Shares 4,30,00,000 Total Amount Rs.98,90,00,000 Investor Category Public Regulatory Compliance The preferential issue is being conducted in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, read with the Companies Act, 2013 and rules made thereunder. The company has provided the revised details as required under Regulation 30 of the SEBI Listing Regulations, ensuring full compliance with continuous disclosure requirements. Investment Structure Mark AB Capital Private Limited, categorized as a public investor, will have the opportunity to subscribe to the maximum number of 4.30 crore equity shares being offered under this preferential issue. The single investor structure simplifies the allotment process while providing the company with the targeted fundraising amount of up to Rs.98.90 crore. The corrigendum ensures accurate documentation and maintains transparency in the company's capital raising activities, with Company Secretary S S Arunachalam signing off on the revised disclosure to stock exchanges. Consolidated construction Consortium has delivered a remarkable financial turnaround in its Q3 performance, demonstrating strong operational improvements and business growth. The construction company has successfully transformed its financial position from a loss-making quarter in the previous year to achieving profitability in the current period. Financial Performance Overview The company's Q3 results showcase a significant improvement across key financial metrics. The most notable achievement is the transition from a net loss position to profitability, indicating effective cost management and improved project execution. Financial Metric Q3 Current Year Q3 Previous Year Change Net Profit/Loss ₹35.00 million Loss ₹93.00 million Turnaround of ₹128.00 million Revenue ₹741.00 million ₹512.00 million Growth of ₹229.00 million Revenue Growth Analysis The company's revenue performance has been particularly strong, with Q3 revenue reaching ₹741.00 million compared to ₹512.00 million in the same quarter of the previous year. This substantial increase reflects improved business activity and potentially successful project completions during the quarter. Profitability Transformation The shift from a net loss of ₹93.00 million in Q3 of the previous year to a net profit of ₹35.00 million in the current Q3 represents a total positive swing of ₹128.00 million. This dramatic improvement indicates: Enhanced operational efficiency Better project management and execution Improved cost control measures Stronger market positioning Business Outlook The Q3 results demonstrate Consolidated Construction Consortium's ability to execute its business strategy effectively and deliver improved financial performance. The combination of revenue growth and profitability improvement positions the company favorably within the construction sector. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. 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