Twamev Construction and Infrastructure Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
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The board, at its meeting on August 12, 2025, approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). Standalone revenue from operations stood at INR 1,174 lakh, which includes INR 103 lakh of unbilled revenue billed subsequently. The 60th Annual General Meeting was scheduled for September 24, 2025, via video conferencing, with September 15, 2025, set as the e-voting cut-off date. The board also approved alterations to the company's Memorandum and Articles of Association, subject to shareholder approval at the AGM. The filing also discloses that promoter Tarun Chaturvedi sold 46,48,086 shares (2.998% of paid-up capital) through an Offer for Sale, reducing promoter holding from 94.33% to 91.33% to meet SEBI's minimum public shareholding requirement. The auditor's review report contains several qualifications and emphasis-of-matter notes, including ongoing resolution plan settlement of INR 21 crore under NCLT Kolkata, a pending arbitration claim of INR 98,618 lakh by step-down subsidiary TRPL against NHAI, and non-provisioning of gratuity and leave encashment.
Q1 results show the company continuing operations but with persistent legacy issues — a pending NCLT resolution plan payout, large unresolved arbitration claims, and auditor qualifications. The promoter OFS improves public float and aligns with SEBI norms, which is mildly positive for share liquidity, though it slightly dilutes promoter control. The MOA/AOA amendment is routine pending shareholder nod at the AGM. Overall, a mixed filing with no clear positive earnings surprise but meaningful progress on minimum public shareholding compliance.