Twamev Construction and Infrastructure Limited has informed the Exchange about 60th Annual General Meeting has been scheduled at 24th September, 2025
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The board of Twamev Construction (formerly Tantia Constructions) approved un-audited financial results for Q1 FY26 (quarter ended June 30, 2025) and scheduled the 60th AGM for September 24, 2025 via video conferencing. Standalone revenue from operations stood at INR 1,174 lakhs (up from INR 1,023 lakhs in Q1 FY25, ~15% growth), while the company reported a standalone net loss of INR 24 lakhs and a consolidated net loss of INR 48 lakhs. The auditor (J Jain & Company) issued a qualified opinion flagging issues at subsidiaries — including an unaccounted INR 543.83 lakh loan to an NBFC at TIPL, and a defaulted highway project at TRPL where NHAI has taken over assets and bank loans are NPA. Promoter Tarun Chaturvedi sold 2.998% equity (46.48 lakh shares) via OFS to meet minimum public shareholding norms, reducing promoter stake from 94.33% to 91.33%. The company is also awaiting NCLT clearance on a INR 21 crore resolution plan settlement.
Multiple red flags for investors: qualified auditor opinion, ongoing NPA status of subsidiary debt, unresolved NHAI arbitration (claims worth INR 98,618 lakhs pending), and unresolved resolution plan settlement. While revenue grew modestly, the company remains loss-making at both standalone and consolidated levels, suggesting limited near-term price catalysts and elevated risk.