Re-appointment of the cost auditor of the company for the FY 2026-27.
TICL · price
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The Board of Directors of Twamev Construction and Infrastructure Limited (formerly Tantia Constructions Limited) met on May 29, 2026, and approved multiple items including audited financial statements for FY 2025-26. The company reported standalone revenue from operations of INR 6,745 Lakh, down from INR 8,486 Lakh in the previous year. The Board re-appointed S. Chhaparia & Associates as Cost Auditor for FY 2026-27 and also re-appointed YG Advisors as Internal Auditor. Additionally, J. Jain & Co. was appointed as Statutory Auditor for a second term of four years (FY 2026-27 to FY 2029-30). The auditors issued qualified opinions on subsidiary financials, with one subsidiary (Tantia Raxaultollway) having terminated its highway project and filed arbitration claims of INR 98,618 Lakh against NHAI.
The re-appointment of auditors indicates routine compliance with statutory requirements. However, investors should note the qualified audit opinions on subsidiaries, ongoing NPA resolution process, and reduced revenue compared to the previous year.