Re-revised declaration under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011 by the Company.
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Awaiting price reaction for this filing.
Mr. Tarun Chaturvedi, promoter of Twamev Construction and Infrastructure Ltd, has created a pledge on 1,60,00,000 (1.6 crore) equity shares, equal to 10.32% of the company's total share capital. The pledgee is Jaswik Traders Private Limited, and the pledge was done to secure a Loan Against Securities facility, executed on 14th August 2025. Before this pledge, the promoter held 2,53,21,156 shares (16.33%) with no encumbrance; after the pledge, his free shares stand at 93,21,156 (6.01%) while 1,60,00,000 shares (10.32%) are encumbered. Total promoter holding remains unchanged at 16.33%. This is a re-revised disclosure submitted to both BSE (scrip 532738) and NSE (symbol TICL).
The promoter has now pledged roughly 63% of his personal shareholding as loan collateral. While total ownership does not change, this increases risk - if the promoter defaults, the lender could sell these pledged shares, which may pressure the stock. Investors should monitor the loan facility's terms and any future pledge-related disclosures closely.