Outcome of Board Meeting held on 29th May 2026, as per Regulation 30 & 33 of SEBI (LODR), 2015, for the quarter ended 31st March, 2026.
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Twamev Construction (formerly Tantia Constructions) reported FY26 standalone revenue of Rs 6745 Lakh vs Rs 8486 Lakh in prior year, representing a 20.5% revenue decline. Standalone net profit for FY26 was Rs 910 Lakh, while consolidated PAT was Rs 765 Lakh. The auditors issued a clean opinion on standalone results but issued a QUALIFIED opinion on consolidated results due to issues in two subsidiaries - Tantia Infrastructure Pvt Ltd (loan irregularities) and Tantia Raxaultollway Pvt Ltd (abandoned NHAI project, NPA facilities). The company remains under NCLT resolution process for Rs 2100 Lacs settlement. No arbitration award income was recognized this year vs Rs 10672 Lakh in prior year. Subsidiary TSPL has been admitted to CIRP. Operating cash flow was negative at Rs 1795 Lakh for FY26.
The qualified opinion on consolidated results, ongoing NCLT resolution, subsidiary insolvency, and 20.5% revenue decline signal significant operational and financial stress. The company is heavily dependent on legal outcomes from arbitration proceedings, and shareholders face going concern uncertainty.