Announced Wed, 8 Jul · 13:05 IST
Twamev clarifies delayed disclosure of COO resignation
TICL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-9.6%1-day move
₹12.36
prior close
₹11.75
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0———-9.6-5.2-0.5-5.4-9.1-15.7————
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AI summary
The COO of Twamev Construction and Infrastructure resigned effective 31 October 2025, but the company disclosed this to the stock exchanges only on 3 July 2026, over eight months late. The company says the delay was an inadvertent error by the Compliance Officer, who was unaware that KMP resignations also need to be reported within 24 hours. The company has apologized and promised stricter internal compliance to avoid future lapses.
Likely market impact
A delayed disclosure of a senior management exit is a governance red flag and may attract regulatory scrutiny from the exchanges.