Twamev Construction and Infrastructure Limited has informed the Exchange about Declaration under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.
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Twamev Construction and Infrastructure Limited has filed a disclosure under SEBI Takeover Regulations regarding the creation of a pledge on its shares by Jaswik Traders Private Limited, a promoter group entity linked to promoter Mr. Tarun Chaturvedi. On August 14, 2025, the promoter group entity pledged 1,60,00,000 equity shares (10.32% of total share capital) with a lender. Before the pledge, the promoter group held 2,53,20,886 shares (16.34% of capital) with no encumbrance. After the transaction, 1,60,00,000 shares remain pledged while 93,20,886 shares are unencumbered, keeping the total promoter holding unchanged at 16.34%.
The pledging of shares is a financial move by the promoter group (possibly to raise a loan), and does not change actual ownership. However, shareholders should monitor this as pledge invocation could lead to a change in shareholding if the loan isn't serviced.