Twamev Construction and Infrastructure Limited has informed the Exchange regarding Outcome of Board Meeting held on April 30, 2026, pursuant to Regulation 30 of SEBI (LODR), 2015.
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The Board of Directors noted that a promoter group member, M/s Upendra Singh Construction Private Limited, sold equity shares during the closed trading window for Q4 ended March 31, 2026. This constitutes a violation of insider trading regulations. Upon review, the Board issued a formal warning to the concerned party and barred them from trading in company securities for 6 months. The Board reiterated its commitment to enforcing the Code of Conduct for Prevention of Insider Trading and applicable regulatory requirements. The meeting was held from 4:00 PM to 6:00 PM on April 30, 2026.
This disclosure highlights weak internal controls around insider trading compliance. While the Board took corrective action, such violations by promoter group members may raise concerns among investors about governance standards and could attract regulatory scrutiny.