Twamev Construction and Infrastructure Limited has informed the Exchange about Re-appointment of the statutory auditor of the company for second term for a period of four (4) years commencing from FY 2026-27 till FY 2029-30.
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The Board of Directors approved the audited standalone and consolidated financial results for FY ended March 31, 2026. Standalone revenue from operations declined to INR 6,745 Lakh from INR 8,486 Lakh in the previous year. The Board also re-appointed M/s J. Jain & Co. as Statutory Auditor for a second term of 4 years (FY 2026-27 to FY 2029-30). Additionally, M/s YG Advisors was re-appointed as Internal Auditor and M/s S. Chhaparia & Associates as Cost Auditor for FY 2026-27. The auditor's report includes emphasis of matters regarding the company's NCLT resolution plan settlement of Rs 2,100 Lakh, ongoing arbitration proceedings, and a subsidiary (TSPL) admitted to CIR process. Consolidated financials carry a qualified opinion due to subsidiary-level issues.
Routine re-appointment of statutory auditor is a standard governance matter with no immediate shareholder impact. However, declining revenue and ongoing legal disputes may warrant monitoring for investors.