Twamev Construction & Infrastructure , a company listed on both BSE and NSE, has announced a significant development involving one of its promoters. Tarun Chaturvedi, a key promoter of the company, has pledged a substantial portion of his shareholding to secure a loan facility for the company's working capital needs.

Pledge Details

On August 14, 2025, Chaturvedi pledged 1.6 crore equity shares, representing 10.32% of the company's total share capital, to Jaswik Traders Private Limited. This transaction was executed to secure a Loan Against Securities (LAS) facility, which will be utilized for the working capital requirements of Twamev Construction & Infrastructure.

Impact on Promoter Shareholding

The pledge has significantly altered Chaturvedi's shareholding structure in the company:

As evident from the table, while Chaturvedi's total shareholding remains unchanged at 16.34%, the composition has shifted dramatically. His unencumbered shareholding has decreased from 16.34% to 6.01%, with the pledged shares now accounting for 10.32% of his stake.

Company Share Capital

Twamev Construction & Infrastructure has a total equity capital of 15.5 crore shares, each with a face value of Re. 1. This pledge transaction involves a significant portion of the company's overall share capital.

Regulatory Compliance

The company has duly informed the stock exchanges about this transaction, complying with the regulatory requirements under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was made in accordance with Regulation 31(1) of these regulations.

Implications for the Company

While the pledge of shares by a promoter can sometimes raise concerns among investors, it's important to note that the loan facility secured through this pledge is intended for the company's working capital needs. This could potentially support the company's operations and growth initiatives.

Investors and market watchers will likely keep a close eye on how Twamev Construction & Infrastructure utilizes this working capital facility and its impact on the company's financial performance in the coming quarters.

Twamev Construction & Infrastructure Limited (formerly known as Tantia Constructions Limited) has released its unaudited financial results for the first quarter ended June 30, 2025, and announced key corporate updates.

Financial Performance

The company reported revenue from operations of INR 1,174.00 lakhs for Q1 FY26, which includes INR 103.00 lakhs of unbilled revenue. The profit after tax stood at INR 536.00 lakhs for the quarter.

Annual General Meeting

Twamev Construction has scheduled its 60th Annual General Meeting (AGM) for September 24, 2025, at 11:00 am IST. The meeting will be held through video conferencing or other audio-visual means. The company has set September 15, 2025, as the cut-off date for determining shareholders' eligibility to vote at the AGM.

Corporate Actions

The Board of Directors has approved several key corporate actions:

1. Alteration to the Memorandum of Association (MOA) and Articles of Association (AOA), subject to shareholder approval at the upcoming AGM.
2. Appointment of M/s MR & Associates, Practicing Company Secretary, as the scrutinizer for the e-voting process at the AGM.

Resolution Plan Progress

Twamev Construction is in the process of finalizing a resolution plan payment of INR 2,100.00 lakhs, pending account upgrade from NPA status. This is in accordance with the NCLT Kolkata order dated July 14, 2024. The company has complied with all stipulations mentioned in the approved resolution plan and is awaiting the account upgrade from the banks.

Promoter Shareholding Reduction

During the quarter, promoter Tarun Chaturvedi sold 46,48,086 equity shares (2.998% of the paid-up equity share capital) through an Offer for Sale (OFS) mechanism on the stock exchange. This move reduced the promoter shareholding from 94.33% to 91.33%, aimed at complying with SEBI's minimum public shareholding requirements.

Auditor's Review

The independent auditor's review highlighted several matters of emphasis, including:

1. The ongoing process of settling the resolution plan amount.
2. Non-provision for gratuity and leave encashment in line with Ind-AS 19.
3. Unaccounted rental income of INR 8.00 lakhs for an RMC Plant in Guwahati.
4. Admission of an associate company, Tantia Sanjauliparkings Private Limited, to the Corporate Insolvency Resolution Process (CIRP).

Ongoing Legal Proceedings

The company is involved in arbitration proceedings before the Hon'ble Commercial Court, Cuttack, against a customer regarding a suspended project. Additionally, a step-down subsidiary, Tantia Raxaultollway Private Limited (TRPL), has filed a claim of INR 98,618.00 lakhs before an Arbitration Tribunal against the National Highway Authority of India (NHAI) following the termination of a project.

Investors and stakeholders are advised to consider these factors while assessing the company's performance and future prospects.