On March 29, 2025, C&C Constructions Limited held its board meeting, during which key decisions were made regarding the resignation of Mr. Puneet Sharma and the approval of an inter-corporate deposit (ICD) agreement with Ceigall Infra Projects Private Limited. Below are the detailed updates from the meeting:

1. Resignation of Puneet Sharma
Mr. Puneet Sharma, the Whole Time Director (Executive Director) of C&C Constructions, tendered his resignation, effective from the close of business hours on March 29, 2025. The resignation was due to personal exigencies and family commitments. The board expressed its appreciation for Mr. Sharma's contributions during his tenure as a director and wished him well in his future endeavors. As per Regulation 30 of SEBI's (LODR) guidelines, detailed information on his resignation, including reasons and the date of cessation, has been disclosed. The resignation letter, dated March 27, 2025, has been submitted as Annexure B of the official communication.

2. Inter-Corporate Deposit Agreement
The board also approved an ICD agreement between C&C Constructions Limited and Ceigall Infra Projects Private Limited. The ICD, valued at INR 50 Crore, aims to refinance existing debt and strengthen financial ties between the two companies. The agreement includes a secured deposit of title deeds as collateral. The transaction is considered to be at arm's length, with no equity interest or significant relationships with the promoters or their group companies.

This decision was also taken in compliance with SEBI's guidelines and is in line with the company's efforts to streamline its financial activities. The terms of the ICD agreement were outlined in Annexure C, with full disclosures provided as required under Regulation 30 of SEBI (LODR).

3. SEBI Compliance
The company has made the necessary disclosures to ensure transparency in its operations. These include the resignation of Mr. Puneet Sharma and the approval of the ICD agreement, as per the requirements of SEBI’s (Listing Obligations and Disclosure Requirements) Regulations, 2015. The details of the ICD agreement, including the purpose, parties involved, and security terms, have been disclosed comprehensively.

C&C Constructions continues to adhere to SEBI's regulations, ensuring that shareholders and the market remain informed of all significant developments.

The meeting commenced at 11:00 AM and concluded at 4:35 PM. A copy of the official communication has been posted on the company’s website for public access.

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