Twamev Construction and Infrastructure Limited has informed the Exchange that Record date for the purpose of Annual General Meeting scheduled at 24th September, 2025, is 15-Sep-2025.
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Twamev Construction (formerly Tantia Constructions) reported unaudited Q1 FY26 results with standalone and consolidated revenue from operations of INR 1,174 lakhs and profit before tax of INR 195.93 lakhs. About INR 103 lakhs of the revenue is unbilled. The Board set September 24, 2025 for the 60th AGM with September 15, 2025 as the cut-off date for e-voting eligibility, and approved alterations to MOA/AOA. Promoter Tarun Chaturvedi sold 46.48 lakh shares (2.998%) via an Offer for Sale on the stock exchange, reducing promoter holding from 94.33% to 91.33% to meet minimum public shareholding norms. The auditor flagged several concerns including a qualified opinion on subsidiary issues: TIPL has an INR 543.83 lakh loan to an NBFC with no interest recognised, and step-down subsidiary TRPL's project was abandoned with NHAI taking over assets, a pending arbitration claim of INR 98,618 lakhs, and NPA bank facilities. The company also awaits final upgrade of its resolution plan settlement of INR 21 crores from NPA to standard.
Q1 results show a modest profit on thin revenue, but the auditor's qualified opinion and going-concern type flags on subsidiaries (especially TRPL's NPA status and pending arbitration) raise risk concerns. The OFS dilution is compliance-driven and not value-accretive, while the ongoing resolution plan settlement of INR 21 crores remains a key catalyst. Shareholders should monitor the TRPL arbitration outcome and resolution plan closure.