Twamev Construction and Infrastructure Limited has informed the Exchange about Outcome of Board Meeting held on 29th May, 2026 and intimation of material events in terms of Regulation 30 & 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
TICL · price
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The Board approved audited standalone and consolidated financial results for FY ended March 31, 2026. Standalone revenue declined to Rs 6,745 Lakh from Rs 8,486 Lakh in the previous year, a drop of about 20.5%. Other income fell sharply to Rs 110 Lakh from Rs 7,903 Lakh, largely due to zero arbitration award income (vs Rs 7,795 Lakh last year). Standalone profit before tax stood at Rs 191 Lakh with EPS of Rs 0.13. The company is undergoing an NCLT-backed resolution plan settlement of Rs 2,100 Lakh and has ongoing arbitration proceedings against a customer for a suspended project. Consolidated results carry a qualified opinion due to issues in subsidiary companies (TIPL and TRPL). Auditors were re-appointed and J. Jain & Co. was appointed for a second 4-year term.
The company shows declining revenues and significant reduction in other income from arbitration awards. The qualified audit opinion on consolidated results and ongoing NPA resolution process indicate financial stress. Shareholders should monitor the resolution plan completion and subsidiary performance closely.