Ravi Todi to sell 1.94% stake in Twamev Construction via open market

Promoter Ravi Todi intends to sell 30,00,000 equity shares, representing 1.94% of the total paid-up equity share capital of Twamev Construction & Infrastructure , through the open market to comply with Minimum Public Shareholding (MPS) requirements. The divestment is scheduled to commence on June 22, 2026, and conclude on June 30, 2026, or upon the completion of the sale, whichever is earlier. This move aims to align the company's shareholding structure with the norms prescribed by the Securities and Exchange Board of India (SEBI).

The proposed sale follows the provisions of Rule 19(2)(b) and Rule 19A of the Securities Contracts (Regulation) Rules, 1957, and Regulation 38 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that this specific transaction will not fully satisfy the MPS obligation and that it intends to utilize other permissible methods outlined in SEBI Circular No. SEBI/HO/CFD/P0D2/P/CIR/2023/18 dated February 3, 2023, to achieve complete compliance.

Ravi Todi has provided a written undertaking confirming that he will not purchase or acquire any equity shares of the company in the open market on the dates the proposed sale is executed. This undertaking is in accordance with the SEBI circular dated February 3, 2023, which mandates such assurances from promoters selling shares to meet MPS norms. The company will ensure adherence to the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, during the transaction.

Details of Proposed Sale

Sr. No	Name of the Promoter	No. of Equity Shares proposed to be sold	% of total equity share capital proposed to be sold
1	Mr. Ravi Todi	30,00,000	1.94%
	Total	30,00,000	1.94%

Timeline and Compliance

The divestment process will occur over a specific window, starting on June 22, 2026, and ending on June 30, 2026. The table below outlines the key event details as required under the SEBI circular.

Sr. No	Details of the event to be provided	Particulars
1	Intention of the Promoter to sell and the purpose of sale	The Promoter intends to sell equity shares to enable compliance with MPS requirements mandated under SCRR and Listing Regulations.
2	Details of Promoter proposing to divest	Mr. Ravi Todi proposes to sell 30,00,000 equity shares (approx. 1.94% of total paid-up equity share capital) through the open market.
3	Total number of shares and percentage proposed to be divested	30,00,000 equity shares representing approximately 1.94% of the total paid-up equity share capital.
4	Period within which the entire divestment process will be completed	From June 22, 2026 to June 30, 2026, or the actual date of completion of sale of all Equity Shares, whichever is earlier.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.82%	-6.97%	-16.02%	-25.17%	-24.27%	-43.26%

Promoter Tarun Chaturvedi has released a pledge on 1,20,07,607 equity shares in twamev construction & infrastructure during the financial year 2025–26. The disclosure was made to the stock exchanges on April 3, 2026, under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The release of the pledge reduces the encumbrance risk associated with the promoter's holding, which is a positive signal for the company's governance standards.

Chaturvedi confirmed that there are no other encumbrances, directly or indirectly, on the shares held by him during the financial year ended March 31, 2026. The filing included a detailed statement of shareholding for Chaturvedi and Persons Acting in Concert (PACs). The combined group holds a significant majority stake in the company, with no shares currently reported as encumbered.

Shareholding Details

The total shareholding of Tarun Chaturvedi and his PACs stands at 13,02,98,301 equity shares, which constitutes 84.08% of the total paid-up share capital of the company. The list of PACs includes Ravi Todi, Sarika Todi, Shrish Tapuria, Vijay Laxmi Tapuria, Ravi Todi HUF, Ravi Todi Family Trust, GEO Infrastructure Advisory LLP, Nadia Security Printing and Stationery Co. Pvt Ltd., and Upendra Singh Constructions Pvt Ltd.

The following table details the shareholding pattern as on March 31, 2026:

Shareholder Name	Total Shares Held	% of Grand Total	Encumbered Shares
Tarun Chaturvedi	2,13,28,763	13.76	Nil
Ravi Todi	4,92,72,278	31.79	Nil
Sarika Todi	10,00,000	0.65	Nil
Shrish Tapuria	81,47,260	5.26	Nil
Vijay Laxmi Tapuria	81,75,000	5.27	Nil
Ravi Todi HUF	10,00,000	0.65	Nil
Ravi Todi Family Trust	10,00,000	0.65	Nil
GEO Infrastructure Advisory LLP	2,00,00,000	12.90	Nil
Nadia Security Printing and Stationery Co. Pvt Ltd.	10,00,000	0.65	Nil
Upendra Singh Constructions Pvt Ltd.	1,93,75,000	12.50	Nil
Total	13,02,98,301	84.08	Nil

The disclosure was addressed to the Chairperson of the Audit Committee of Twamev Construction and Infrastructure Limited and copied to the Company Secretary. The company was formerly known as Tania Constructions Limited.