Company clarifies media reports on CBI action against former promoters
TICL · price
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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.
No impact on current company. Matters relate to pre-resolution era and former promoters who are no longer associated with the firm.