Twamev Construction and Infrastructure Limited has informed the Exchange regarding the Declaration under Regulation 31(1) and Regulation 31(2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.
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Promoter Mr. Tarun Chaturvedi has created a pledge on 1,60,00,000 (1.6 crore) equity shares of Twamev Construction and Infrastructure Limited in favour of Jaswik Traders Private Limited on 14th August 2025. The pledge is to secure a Loan Against Securities (Shares) facility, with proceeds intended to be used for the company's working capital requirements. Before this transaction, the promoter held 2,53,20,000 shares (16.34% of total share capital) with no shares previously encumbered. Post-pledge, the encumbered shares represent 10.32% of the company's total share capital and about 63% of the promoter's individual holding.
Over 63% of the promoter's stake is now pledged, which is a high pledge level and may raise concerns among investors about potential risk to promoter shareholding if loan terms are breached. The funds are being raised for the company's own working capital needs, which is a positive intent, but the high pledge concentration warrants monitoring.