Re-appointment of Internal Auditor of the Company for the FY 2026-27.
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Twamev Construction and Infrastructure (formerly Tantia Constructions) held its Board meeting on May 29, 2026, approving audited standalone and consolidated financial results for FY ended March 31, 2026. Standalone revenue declined to ₹6,745 Lakh (vs ₹8,486 Lakh in FY25), with standalone PAT at ₹910 Lakh (vs ₹5,236 Lakh in FY25). Consolidated PAT stood at ₹780 Lakh. Auditors issued qualified conclusions on consolidated accounts due to subsidiary issues: Tantia Raxaultollway's NHAI project termination with a ₹98,618 Lakh arbitration claim pending, and Tantia Infrastructure's ₹543.83 Lakh loan to an NBFC with no interest accounted for. The company is under a resolution plan of ₹2,100 Lakh per NCLT Kolkata order. Key auditor re-appointments include M/s YG Advisors (Internal), M/s S. Chhaparia & Associates (Cost), and M/s J. Jain & Co. (Statutory for a second 4-year term). The subsidiary Tantia Sanjauliparkings is under CIR process, and a subsidiary's financials were not consolidated.
Revenue and profit have declined significantly year-on-year. Auditor qualifications and emphasis of matters highlight ongoing litigation, NPA classification, and going-concern risks. Shareholders should monitor the resolution plan implementation and NHAI arbitration outcome closely.