Twamev Construction and Infrastructure Limited has informed the Exchange about Revised Disclosure under Regulation 31(1) of SEBI (SAST) Regulations, 2011.
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Promoter Tarun Chaturvedi has created a pledge on 1,60,00,000 equity shares (10.32% of total share capital) of Twamev Construction and Infrastructure Limited in favour of Jaswik Traders Private Limited on 14th August 2025. The pledge has been created to secure a Loan Against Securities (Shares) facility, which will be utilised for the working capital needs of the company. Post this pledge creation, the promoter's total holding stands at 2,53,20,886 shares (16.34% of total share capital), of which 1,60,00,000 shares (10.32%) are now encumbered. Prior to this transaction, the promoter had no encumbered shares.
This is a noteworthy development as the promoter has pledged a significant portion of their stake to raise working capital, which may indicate liquidity needs. Shareholders should monitor any further encumbrance or invocation events, as pledge creation by promoters is generally viewed cautiously by the market.