Twamev Construction and Infrastructure Limited has informed the Exchange regarding 'Certificate of Annual Secretarial Compliance Report for the Quarter Ended 31st March, 2026 '.
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Twamev Construction and Infrastructure Limited (formerly Tantia Constructions Limited) has submitted its Secretarial Compliance Report for FY 2025-26, prepared by MR & Associates. The secretarial auditor found that the company has partially complied with applicable statutory provisions under SEBI regulations. Key deviations include: delays in newspaper publications of financial results (1-day delay), late XBRL filings for quarterly results, and failure to intimate stock exchanges about the appointment of Senior Management Personnel (Mr. Biswajit Chakraborty) within the prescribed 24-hour timeline. The company also received fines from NSE and BSE for Minimum Public Shareholding (MPS) non-compliance - the 10% MPS was achieved during FY 2025-26 but the company is still working towards the 25% MPS target. Additional issues include late submission of Annual Report and late inclusion of immediate relatives of Designated Persons in the trading restriction list. The company has stated these lapses were inadvertent and has strengthened internal compliance mechanisms.
The company has multiple regulatory non-compliances with fines imposed by exchanges. While most issues are procedural/technical in nature and the company claims corrective measures have been taken, the pattern of repeated delays in filings and disclosures could signal weak internal controls to investors. The ongoing MPS compliance requirement remains a key watch item.