Twamev Construction and Infrastructure Limited has informed the Exchange about Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 Recovery of Amount from KMDA.
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Awaiting price reaction for this filing.
Twamev Construction and Infrastructure Limited has informed the stock exchange about recovering an amount from the Kolkata Metropolitan Development Authority (KMDA), a government body. The recovery was disclosed under SEBI's Listing Obligations and Disclosure Requirements (Regulation 30). This indicates the company has successfully received payment it was owed from a prior engagement with KMDA. No specific monetary value or further details were provided in the headline.
This is a positive cash flow event for the company as it reduces outstanding receivables and improves liquidity. Shareholders may view this as a step toward better working capital management, though the absence of details on the amount recovered limits immediate stock price impact.