Announced Fri, 19 Jun · 13:25 IST
Company clarifies media reports on CBI action against former promoters
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TICL · price
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Price reaction · full curve 14 horizons · vs prior close
+1.4%1-day move
₹19.31
prior close
₹19.36
base price
In-mkt
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.3+0.0+0.0-0.2+1.4-0.3-2.5-11.2-20.5-28.2-36.3-49.4——
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AI summary
Twamev Construction has clarified that media reports about CBI action involve former promoters and directors from before the IBC resolution plan was approved. Since then, ownership, management and board have been fully reconstituted under the resolution applicant. Current management has no involvement in the matters under investigation, and no proceedings have been initiated against the company, its present promoters, directors or management. Business operations remain unaffected.
Likely market impact
No impact on current company. Matters relate to pre-resolution era and former promoters who are no longer associated with the firm.