Outcome of Board Meeting held on 29th May, 2026 and intimation of material events in terms of Regulation 30 & 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
TICL · price
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Twamev Construction reported audited FY2026 results showing revenue of Rs 6,745 Lakh, down 20.5% from Rs 8,486 Lakh in FY2025. Standalone profit before tax declined sharply to Rs 910 Lakh from Rs 5,851 Lakh. The auditors issued unqualified opinions but highlighted significant concerns: the company is settling a resolution plan of Rs 2,100 Lakh pending NPA status upgrade from NCLT, has arbitration claims pending against NHAI involving a subsidiary project, and started arbitration for a suspended project. Previous year had one-time income of Rs 10,672 Lakh from an arbitration award now reduced to NIL. A subsidiary (TSPL) entered insolvency proceedings. Revenue includes Rs 1,099 Lakh in unbilled receivables. The company also missed accounting for Rs 8 Lakh rental income, understating profit by Rs 32 Lakh. Consolidated financials carry qualified opinion due to subsidiary issues. Auditor M/s J. Jain & Co was appointed for a 4-year term.
The stock faces pressure due to sharp profit decline, ongoing NPA resolution process, litigation risks from NHAI arbitration claims worth Rs 986 crore, and qualified consolidated audit opinion. Shareholders should watch for clarity on the NPA upgradation status and resolution plan completion.