Twamev Construction & Infrastructure held its 61st Annual General Meeting on September 22, 2026, adopting the audited standalone and consolidated financial statements for FY26.

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.

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.

Twamev Construction & Infrastructure reported a standalone net profit of ₹910 lakh for the financial year ended March 31, 2026, a significant decline from the ₹5,561 lakh recorded in FY25. The company's total revenue dropped 58% year-on-year to ₹6,855 lakh, reflecting a strategic shift towards operational consolidation rather than aggressive top-line expansion.

The Board of Directors has scheduled the 61st Annual General Meeting (AGM) for September 22, 2026, to be conducted via Video Conferencing. Shareholders will consider the reappointment of M/s. J Jain & Co. as statutory auditors for a four-year term and the ratification of remuneration for cost auditors.

Financial Performance

The company's revenue from operations stood at ₹6,745 lakh in FY26, down from ₹8,486 lakh in the previous year. Total revenue, which includes other income, fell sharply due to a drop in non-operating gains. Other income declined to ₹110 lakh from ₹7,903 lakh in FY25, primarily driven by the absence of large one-time arbitration-related income recognized in the prior period.

Operating expenses remained relatively stable. Contract operating expenses rose to ₹4,885 lakh from ₹2,935 lakh, while employee benefit expenses decreased slightly to ₹602 lakh from ₹640 lakh. Finance costs were contained at ₹73 lakh, down from ₹211 lakh in FY25.

What the Numbers Show

The sharp contraction in net profit is largely attributable to the absence of exceptional items that boosted the previous year's results. In FY25, the company recognized an exceptional income of ₹4,433 lakh, whereas FY26 recorded an exceptional loss of ₹72 lakh. This divergence highlights that the core operational profitability, while lower in absolute terms, is less volatile than the headline net profit figures suggest. The decline in other income, specifically interest on arbitration awards, further underscores the normalization of earnings after the one-time legal settlements of the prior year.

Corporate Governance and AGM

The upcoming AGM will address several key governance matters. Mr. Shrish Tapuria retires by rotation and offers himself for reappointment as a Non-Executive Director. The meeting will also see the reappointment of M/s. J Jain & Co. as statutory auditors until the conclusion of the 65th AGM in 2030.

Additionally, shareholders will ratify the remuneration of M/s. S. Chhaparia & Associates as Cost Auditors for FY27. The fee for this service is fixed at ₹75,000 plus applicable taxes and out-of-pocket expenses.

Operational Outlook

Management emphasized that the current phase is focused on strengthening internal systems, improving project governance, and enhancing financial controls. The company aims to pursue sustainable business opportunities selectively, prioritizing risk-adjusted returns over volume growth. With a strengthened balance sheet and reduced financial costs, the company positions itself to capitalize on long-term infrastructure opportunities in India.