Twamev Construction and Infrastructure Limited has informed the Exchange regarding the Declaration under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.
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Promoter Mr. Tarun Chaturvedi has disclosed the creation of a pledge on 1,60,00,000 (1.6 crore) equity shares of Twamev Construction and Infrastructure Limited, representing approximately 10.32% of the company's share capital. The pledge has been created in favour of Jaswik Traders Private Limited to secure a Loan Against Securities (Shares) facility, executed on 14th August 2025. Post this transaction, the promoter's total holding in the company stands at 16.34% (2,53,20,886 shares), of which 1.6 crore shares are now encumbered. The disclosure is filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.
This is a financing move by the promoter using their shareholding as collateral, not a sale or reduction in ownership. Investors should note that any default on the loan could lead to the pledgee invoking the pledge, potentially transferring a significant 10.32% stake, which may be a concern for stock price stability.