Twamev Construction and Infrastructure Limited disclosed that a member of its promoter group, Upendra Singh Constructions Private Limited, sold 39,37,446 equity shares during the period from September 19 to September 30, 2026.

The total consideration for the transaction was ₹2,60,99,516.32. The sale comprised two distinct tranches totaling approximately 2.54% of the company's equity capital.

Transaction details

The disclosure was made under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and SEBI (Prohibition of Insider Trading) Regulations, 2015. The company stated that it did not receive prior intimation from the promoter group entity before the execution of the sale. Instead, Twamev became aware of the transaction through its regular beneficial ownership (Benpos) checks.

Breakdown of share sale

The total volume of shares sold was split into two components within the reporting period:

• First tranche: 31,16,333 shares, representing 2.01% of the company's equity.
• Second tranche: 8,21,113 shares, representing 0.53% of the company's equity.

The corresponding consideration amounts were ₹2,00,06,857.86 for the first tranche and ₹60,92,658.46 for the second tranche.

Compliance and governance

Twamev Construction noted that this disclosure is being made as a good governance measure. The filing serves as an intimation under Regulation 7(2)(b) of the SEBI (PIT) Regulations, 2015. The company indicated that further updates regarding this matter would be duly intimated to the stock exchanges.

The document was signed by Neha Saraf, Company Secretary, on October 7, 2026. The company, formerly known as Tantia Constructions Limited, has its registered office in Kolkata.

Twamev Construction & Infrastructure promoter group completed the sale of 1.30 crore shares, representing 8.40% of the company, through the open market on September 23, 2026. The transaction was executed to comply with minimum public shareholding requirements.

Share sale details

The following table summarises the key parameters of the open market transaction:

The transaction brought the company's public shareholding in line with regulatory requirements governing minimum public float norms. The sale was executed through the open market on the specified date.

Breakdown of sellers

The divestment involved specific entities within the promoter group. The detailed allocation of shares is as follows:

Post-sale holdings

Following the disposal, the holding patterns for the promoters have changed as detailed below:

Ravi Todi retained a significant stake of 25.98% after selling 90 lakh shares out of his total holding of 4.92 crore shares. Both Ravi Todi HUF and Nadia Security Printing & Stationery Co Pvt Ltd exited their entire positions, reducing their holdings to nil.

Regulatory compliance and undertakings

The proposed sale was undertaken solely to fulfill the regulatory mandate for maintaining the minimum threshold of public shareholding as required by SEBI. The promoters provided written undertakings confirming that they would not purchase or acquire any equity shares of the company in the open market on the dates on which the proposed sale was carried out.

This action ensures compliance with 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 all applicable provisions, including those under SEBI (Prohibition of Insider Trading) Regulations, 2015, were adhered to during the transaction.