Annual Secretarial Compliance Report for the year ended March 2026.
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Twamev Construction and Infrastructure Limited (formerly Tantia Constructions Ltd) has submitted its Secretarial Compliance Report for FY 2025-26. The secretarial auditor M/s MR & Associates has given a "partial compliance" opinion, identifying 7 deviations. Key violations include: delays in newspaper publication of financial results (1 day delay for Q4 Mar 2025 and Q3 Dec 2025), delayed XBRL filings for March, June, and September 2025 quarters, failure to maintain minimum public shareholding of 25% (fine of Rs 3.90 lakh imposed by NSE/BSE), and non-intimation to stock exchanges regarding appointment of Senior Management Personnel. The company is currently in the process of achieving 25% MPS through an ongoing offer for sale. Previous year's compliance issues were partially addressed with strengthened internal controls.
The company has multiple regulatory compliance lapses including late filings and minimum public shareholding deficiency. While the company has paid fines and is working towards MPS compliance through an offer for sale, these repeated procedural lapses may concern investors and indicate weak internal compliance systems. The ongoing offer for sale to achieve 25% public shareholding remains a key compliance requirement.