Twamev Construction and Infrastructure Limited has informed the Exchange regarding 'The Board has declared the Annual General Meeting to be held on 24th September, 2025 and the record date for the same is 15th September, 2025.'.
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Twamev Construction (formerly Tantia Constructions) reported its unaudited Q1 FY26 (quarter ended June 30, 2025) results along with a board meeting outcome. Standalone revenue from operations stood at Rs 1,174 lakh, slightly down from Rs 1,194 lakh in Q1 FY25, while the company slipped into a net loss of Rs 185 lakh versus a Rs 16 lakh loss in the same quarter last year, with EPS of negative Rs 0.32. The board fixed September 24, 2025 for the 60th AGM with a cut-off date of September 15, 2025, and approved amendments to the MOA/AOA. The auditor (J Jain & Company) issued a qualified opinion on the consolidated results, flagging issues at step-down subsidiary TRPL (project abandoned, NHAI termination, Rs 98,618 lakh arbitration claim pending, bank loans NPA with DRT case) and subsidiary TIPL (Rs 543.83 lakh loan to an NBFC with no interest recognised). The auditor also added emphasis-of-matter notes on the pending Rs 2,100 lakh resolution plan settlement, non-provisioning of gratuity per Ind AS 19, and the associate TSPL being under CIRP. Promoter Tarun Chaturvedi sold 2.998% stake via OFS, reducing holding to 91.33% to meet minimum public shareholding norms.
Shareholders should note the widened quarterly loss, the auditor's qualified opinion driven by serious subsidiary-level issues including a Rs 98,618 lakh pending arbitration and NPA loans, and ongoing dependence on a delayed resolution plan settlement of Rs 2,100 lakh. These factors raise going-concern concerns at the subsidiary level and add uncertainty around the stock, even though the OFS-driven reduction in promoter holding to 91.33% is a positive compliance step toward minimum public shareholding.