Twamev Construction and Infrastructure Limited has informed the Exchange about the Revised Declaration under Regulation 29(2) of SEBI (SAST) Regulations, 2011.
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On the reaction day the stock moved 3.2 pts less than Nifty Microcap 250 and 3.2 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter Tarun Chaturvedi has disclosed the creation of a pledge on 1,60,00,000 (1.60 crore) equity shares of Twamev Construction and Infrastructure Limited on 14th August 2025. The pledge is in favour of Jaswik Traders Private Limited as security for a Loan Against Securities facility. After this pledge, the promoter's total holding remains unchanged at 2,53,20,886 shares (16.34% of share capital), of which 1,60,00,000 shares (10.32%) are now encumbered, leaving 93,20,886 shares (6.01%) free. The total equity share capital of the company stands at 15,50,00,000 shares of Re. 1 each. The filing was made as a revised declaration under SEBI's takeover regulations.
The pledge creation is a financing move by the promoter and does not change the promoter's ownership stake. However, with 10.32% of the company's shares now pledged, shareholders should monitor for any potential risk if the promoter fails to meet loan obligations, which could lead to invocation and sale of pledged shares, putting downward pressure on the stock.