Twamev Construction and Infrastructure Limited has informed the Exchange about General Updates
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Twamev Construction (formerly Tantia Constructions) announced unaudited Q1 FY26 results (quarter ended June 30, 2025) along with board meeting outcomes. Standalone revenue from operations stood at INR 1,174 lakhs, with the company reporting a net loss of INR 67 lakhs, similar to the year-ago quarter. The auditor (Jain & Company) issued a qualified opinion, flagging issues in two subsidiaries — Tantia Infrastructure (loan of INR 543.83 lakh to an NBFC with no interest recognized) and Tantia Raxaultollway (project abandoned, NHAI termination, INR 98,618 lakh arbitration claim pending, bank facilities classified as NPA, and inability to discharge liabilities in full). The board also approved a 60th AGM for September 24, 2025, and noted that promoter Tarun Chaturvedi sold 46.48 lakh shares (2.998% stake) via an OFS, reducing promoter holding from 94.33% to 91.33% to meet minimum public shareholding norms.
The financials remain weak with continued losses, and the auditor's qualified opinion — especially the going-concern type issues at the step-down subsidiary TRPL (NPA status, NHAI takeover, pending arbitration of nearly INR 989 crore) — raises red flags. The promoter OFS is compliance-driven and not a value signal. Shareholders should monitor the resolution plan settlement (INR 21 crore pending NPA upgrade) and the TRPL arbitration outcome closely.