Twamev Construction and Infrastructure Limited has informed the Exchange about General Updates
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Promoter Tarun Chaturvedi has created a pledge over 1,60,00,000 equity shares (approximately 10.32% of the company's total share capital) in favour of Jaswik Traders Private Limited on 14th August 2025. Before this transaction, the promoter held 2,53,20,886 shares (16.34% of the company) with no shares previously encumbered. Post-pledge, 10.32% of the promoter holding will be encumbered. The pledge has been created to secure a Loan Against Securities facility intended to support working capital needs of the company. The disclosure is filed under Regulation 31(1) of SEBI (SAST) Regulations, 2011 with both BSE and NSE.
The promoter is using equity shares as collateral to raise funds for the company's working capital, which signals leverage being taken on promoter holdings. While not immediately negative, 10.32% of the company's capital is now encumbered, creating potential risk of forced sale if the loan obligations are not met. Shareholders should monitor for any invocation of this pledge as a risk indicator.