What’s new

• New CEO Krishna Chandra targets 80% of overdue receivables by end-September 2026.
• Contracts worth ~₹100 cr disclosed to NSE; ₹80 cr counter-drone deal expected by Oct.
• ₹14.5 cr IFRS 9 provision called recoverable; SA 570 audit observation conditional.
• New policy bans contracts with payment cycles beyond 180 days.

Why it matters

C2C's new CEO is moving fast to fix the receivables mess that dragged the stock. Collecting ₹25 cr in four months is a start, but 80% of the overdue pile by September is ambitious. The contract disclosures add revenue visibility, and the policy reset on payment terms attacks the root cause. The IFRS 9 provision reversal would directly boost earnings, but the SA 570 cloud hasn't fully lifted.

What we’re watching

• Whether the 80% receivables target is met by end-September.
• Timing of the ₹80 cr counter-drone contract close.
• September half-year results due within three weeks of period end.

The full read

C2C Advanced Systems' new CEO Krishna Chandra didn't wait. Since taking over, the company collected over ₹25 crore from overdue receivables — real cash, not promises. On the July 27 concall, Chandra committed to collecting at least 80% of the overdue pile by end-September. To back that, he disclosed contracts worth close to ₹100 crore to the NSE, with a ₹80 crore counter-drone deal expected by October. The ₹14.5 crore IFRS 9 provision? Recoverable and reversible, management says. The SA 570 audit observation? Conditional, not a going-concern. Past filing errors were acknowledged, and a new policy now bans contracts with payment cycles beyond 180 days — a direct fix for the receivables rot. For a ₹670 crore market cap company, ₹25 crore is meaningful. But the open question is whether the 80% target holds. Half-year results, due within three weeks of period close, will show.

Primary source: NSE