Twamev Construction and Infrastructure Limited has informed the Exchange about Re-appointment of the cost auditor for the FY 2026-27.
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The board of Twamev Construction and Infrastructure Limited (formerly Tantia Constructions Limited) held a meeting on May 29, 2026, approving audited financial results for FY 2025-26. Standalone revenue from operations declined to Rs 6,745 Lakh from Rs 8,486 Lakh in the previous year. The board re-appointed M/s S. Chhaparia & Associates as Cost Auditor and M/s YG Advisors as Internal Auditor for FY 2026-27. Additionally, M/s J. Jain & Co. was appointed as Statutory Auditor for a fresh 4-year term (FY 2026-27 to FY 2029-30). The company is undergoing an NCLT resolution process with a settlement plan of Rs 2,100 Lakh, and one subsidiary (TSPL) has been admitted to Corporate Insolvency Resolution process.
The re-appointment of auditors reflects routine governance compliance. However, declining revenue (down 20.5% YoY), ongoing NCLT proceedings, and qualified audit opinions on subsidiary companies indicate operational and financial challenges that investors should monitor.