Twamev Construction and Infrastructure Limited has informed the Exchange about Declaration under Regulation 31(1) and Regulation 31(3) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.
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Awaiting price reaction for this filing.
Promoter Mr. Tarun Chaturvedi (holding 2,53,20,886 shares, or 16.34% of the company) has initiated the creation of a pledge over 1,60,00,000 (1.6 crore) equity shares in favour of Jaswik Traders Private Limited, representing about 63% of his personal holding and 6.01% of the company's total share capital. The pledge is being created to secure a Loan Against Securities facility, with the proceeds intended for the company's working capital needs. The disclosure was filed under SEBI's SAST Regulations and the encumbrance falls under Chapter V of the Takeover Regulations. The date of the event is 14th August 2025.
No change in overall promoter ownership — the promoter still holds 16.34% — but about 63% of his shares are now encumbered, raising some risk for shareholders if the loan is not serviced. Investors should watch for any pledge invocation or release announcements in the future.