Twamev Construction & Infrastructure Ltd saw a significant shift in its shareholding pattern following a substantial acquisition by Mace Venture and its person acting in concert (PAC), Monet Securities Pvt Ltd. The entities collectively acquired 1,10,00,000 equity shares, representing 7.10% of the company's paid-up equity share capital.

The acquisition was executed through the open market on September 23, 2026. Mace Venture acquired 55,00,000 shares (3.55%), while Monet Securities Pvt Ltd acquired an identical block of 55,00,000 shares (3.55%). This transaction marks the first instance where these entities hold voting rights in the target company, as their pre-acquisition holdings were nil.

Acquisition details

The disclosure was filed under Regulation 29(1) read with Regulation 29(3) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquirers are not part of the promoter or promoter group. The total diluted share capital of the company remains unchanged at ₹15,50,00,000, consisting of 15,50,00,000 equity shares with a face value of ₹1 each.

What the numbers show

The data reveals a synchronized entry by two distinct entities into the same stock on the same date, with each acquiring exactly half of the total block. This equal split suggests a coordinated strategy rather than independent market purchases. Prior to this transaction, neither entity held any shares, warrants, or convertible securities in Twamev Construction & Infrastructure Ltd, indicating a fresh entry into the company's capital structure rather than an increase in an existing position.

Twamev Construction & Infrastructure has declared the final voting results for its 61st Annual General Meeting held on September 22, 2026. The company confirmed that all four ordinary resolutions proposed in the notice were passed with the requisite majority, following the submission of the scrutinizer's report.

The meeting, conducted via Video Conferencing and Other Audio Visual Means, commenced at 11:00 am and concluded at 11:37 am. A total of 77 members participated remotely. The quorum was present throughout the session, ensuring compliance with the Companies Act, 2013, and SEBI regulations.

Key resolutions passed

The members approved several ordinary resolutions during the proceedings. These included the adoption of financial reports and the reappointment of key governance roles.

Voting outcome details

Mr. Mohan Ram Goenka, Lead Partner of M/s MR & Associates, served as the scrutinizer for both remote e-voting and e-voting conducted during the meeting. According to the consolidated scrutinizer report dated September 23, 2026, the voting results were as follows:

For the re-appointment of Shrish Tapuria, his own votes were excluded from the count as he was interested in the resolution. Additionally, 2 votes were recorded as invalid or abstained for this specific item.

Leadership and attendance

The meeting was chaired by Ravi Todi, who requested Tarun Chaturvedi, Whole-time Director and Chief Financial Officer, to conduct the business on his behalf. Chaturvedi briefed stakeholders on the company's future prospects, strategic plans, and proposed growth initiatives.

Other directors present included Shrish Tapuria (Non-Executive Director), Ketan Shanghavi (Independent Director), and Suparna Chakrabortti (Independent Woman Director). Representatives from the statutory auditor M/s J. Jain & Co., internal auditor M/s YG Advisors, and secretarial auditor M/s MR & Associates attended virtually.

Voting and compliance

Remote e-voting facilities were available from September 19 to September 21, 2026. Additional voting windows remained open for 30 minutes after the meeting concluded. The scrutinizer appointed by the board was Mohan Ram Goenka from M/s MR & Associates. The company secretary stated that final voting results would be declared after receiving the scrutinizer's report and disseminated via stock exchange filings and the company website.