Announced Tue, 14 Apr · 14:45 IST

Twamev Construction and Infrastructure Limited has informed the Exchange regarding Notice of Postal Ballot in regard to the appointment of an Independent Director on the Board.

Management Changes View source PDF

TICL · price

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Price reaction · full curve 14 horizons · vs prior close
-10.7%1-day move
₹23.30
prior close
₹23.18
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+4.0+3.7+3.3+2.4-10.7-7.3-9.7-9.0-8.6-0.6-2.1+3.5-12.0-51.8
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AI summary

Twamev Construction and Infrastructure Limited (formerly Tantia Constructions Limited) is seeking shareholder approval via postal ballot for the appointment of Ms. Suparna Chakrabortti as an Independent Director for a term of 5 years (26th February 2026 to 25th February 2031). She was appointed as Additional Director (Independent Category) effective 26th February 2026 and her appointment requires special resolution approval from shareholders. Ms. Chakrabortti is a Chartered Accountant with over 30 years of experience in audit and consultancy, holding an MBA in Finance from Rutgers University, USA. She currently serves on the boards of LaOpala RG Limited, Duroply Industries Limited, and SKP Securities Limited. Remote e-voting runs from 14th April 2026 to 13th May 2026, with results to be declared by 15th May 2026.

Likely market impact

This appointment strengthens the board's independence and governance structure. Shareholders should review the candidate's credentials and vote accordingly. The appointment is unlikely to have immediate material impact on stock price but reflects good governance practices.