Twamev Construction and Infrastructure Limited has informed the Exchange about Re-appointment of the Internal auditor of the company for the FY 2026-27.
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Twamev Construction and Infrastructure Limited (formerly Tantia Constructions) held its Board meeting on May 29, 2026 and approved the audited financial results for Q4 and full year ended March 31, 2026. Standalone revenue declined to Rs 6,745 Lakh from Rs 8,486 Lakh in the previous year, a drop of about 20%. Profit before tax fell significantly to Rs 910 Lakh from Rs 5,851 Lakh in the prior year. The company also re-appointed M/s YG Advisors as Internal Auditor and M/s S. Chhaparia & Associates as Cost Auditor for FY 2026-27, and appointed M/s J. Jain & Co. as Statutory Auditor for a second 4-year term. The auditors issued qualified opinions on consolidated results due to subsidiary-level issues, and raised emphasis on matters including ongoing NPA resolution status, pending arbitration proceedings, and unreconciled trade receivables.
The company shows declining revenues and profits year-on-year, with qualified audit opinions on subsidiaries. The ongoing NPA resolution and arbitration matters create uncertainty. Shareholders should monitor the resolution plan status and subsidiary performance.