CEO Jasodeb Chakraborty resigns due to ill health, effective 30 June 2026

CEO resignedManagement Changes View source PDF Explain this filing

TICL · price

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Price reactionminutes from the announcement price · days from the prior close

-5.0%Reaction day

₹14.60

prior close

₹13.87

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%-5.2% vs market

Civil Construction peers, median of 99sector-0.0%-5.0% vs sector

On the reaction day the stock moved 5.2 pts less than Nifty Microcap 250 and 5.0 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.0+0.2-5.2-0.0-5.0

Next day

-9.7+1.0-10.8+0.0-9.7

-5.8+0.7-6.5-0.5-5.3

-10.9+0.9-11.8-0.6-10.3

-15.3+0.2-15.5-1.6-13.7

-19.5-1.8-17.7-3.2-16.3

-19.7+1.4-21.2-1.8-17.9

15d

-33.6-0.6-33.0-4.2-29.3

-34.9+1.5-36.4-4.2-30.7

-43.2+4.5-47.7-8.4-34.7

-46.6+3.1-49.7-12.8-33.9

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 99Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Mr. Jasodeb Chakraborty has resigned as Chief Executive Officer of Twamev Construction and Infrastructure Limited due to ill health and ongoing medical issues. The resignation takes effect from close of business hours on 30 June 2026 and has been accepted by the Board. No replacement has been announced yet. The company (formerly Tantia Constructions Limited) has informed both BSE and NSE under SEBI LODR regulations.

Likely market impact

Leadership gap at the top with no successor named yet; stock may see short-term sentiment pressure until a new CEO is appointed.