Twamev Construction and Infrastructure Limited has clarified the delay in disclosing the resignation of its Chief Operating Officer (COO), Debajyoti Debnath, which was effective October 31, 2025. The company attributed the delay to an inadvertent error by the Compliance Officer, who was unaware that the resignation required intimation to the stock exchanges within the prescribed 24-hour timeline. The initial disclosure regarding the resignation was submitted on July 3, 2026, while the clarification was sent on July 8, 2026.

The company stated that the omission was unintentional and not deliberate, emphasizing that there was no intention to withhold material information from investors. In its communication to BSE Limited and National Stock Exchange of India Limited, Twamev Construction expressed regret for the lapse and assured that necessary internal measures have been implemented to prevent recurrence. The company confirmed strict compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, moving forward.

Neha Saraf, Company Secretary, signed both the initial disclosure and the subsequent clarification. The company requested the exchanges to take the explanation on record and condone the delay.

Twamev Construction and Infrastructure Limited disclosed that members of its promoter group divested equity shares in June 2026 to comply with Minimum Public Shareholding (MPS) norms. The transactions involved Mr. Shrish Tapuria and M/s Upendra Singh Constructions Private Limited, reducing their combined holdings. The sales were conducted through the open market on BSE Limited and National Stock Exchange of India Limited pursuant to SEBI regulations.

Mr. Shrish Tapuria sold 9,75,000 equity shares for ₹1,43,61,750 on June 30, 2026. This sale reduced his stake from 5.26% to 4.63% of the total paid-up share capital. Separately, M/s Upendra Singh Constructions Private Limited sold 16,52,777 equity shares, representing 1.07% of the share capital, between June 10, 2026, and June 30, 2026. The total consideration for this transaction was not immediately available.

Details of Share Transactions

The following table outlines the specifics of the equity shares divested by the promoters:

Holding Post-Transaction

Following the divestment, Mr. Shrish Tapuria holds 71,72,260 equity shares, constituting 4.63% of the paid-up capital. M/s Upendra Singh Constructions Private Limited holds 1,71,12,940 equity shares, or 11.04% of the share capital. The company's total equity share capital remains 15,50,00,000 equity shares of Re. 1 each. The disclosures were submitted by the Company Secretary, Neha Saraf, to ensure adherence to regulatory provisions including the SEBI (Prohibition of Insider Trading) Regulations, 2015.