Twamev Construction & Infrastructure Limited (TCIL) has reported a significant change in its promoter shareholding. Promoter Ravi Todi plans to sell 8,00,000 equity shares, representing 0.52% of the total paid-up capital, through the open market within 7 trading days.

Transaction Details

The planned sale aims to achieve Minimum Public Shareholding requirements as mandated by SEBI regulations. Todi has provided an undertaking not to purchase shares during the sale period.

Shareholding Impact

The proposed change in Todi's stake can be summarized as follows:

Regulatory Compliance

This divestment is in line with SEBI regulations for achieving Minimum Public Shareholding. The exact details of the shareholding impact will be available after the completion of the sale.

Company Overview

Twamev Construction & Infrastructure Limited's total issued and paid-up equity share capital consists of 15,50,00,000 equity shares with a face value of Re. 1 each.

This planned transaction highlights ongoing changes in the promoter holding structure of TCIL, which may be of interest to investors and market analysts tracking the company's ownership patterns and potential market implications.

Twamev Construction & Infrastructure Limited (formerly Tantia Constructions Limited) has announced its financial results for the quarter and half-year ended September 30, 2025, along with other significant updates from its recent board meeting.

Financial Performance

The company reported a consolidated turnover of ₹2,545.00 lakh for the period under review. The net profit before tax stood at ₹539.00 lakh for the half-year, with a net profit of ₹405.00 lakh for Q2. The revenue from operations was ₹2,411.00 lakh. This resulted in an Earnings Per Share (EPS) of ₹0.35.

Balance Sheet Highlights

As of September 30, 2025, Twamev Construction's financial position shows:

Penalty for Delayed Annual Report

The company received a monetary penalty from stock exchanges for the delayed submission of its Annual Report for the Financial Year 2024-25 beyond prescribed timelines. Management termed this delay as inadvertent. The company has since submitted the report and paid the penalty. Steps have been taken to ensure timely compliance with future regulatory filings.

Auditor's Observations

The auditor's review report highlighted several matters:

1. The company is in the process of making a full and final settlement of the resolution plan amount of ₹2,100.00 lakh, subject to account upgradation status from NPA, as per the NCLT Kolkata order dated July 14, 2025.

2. No provisions were made for gratuity and leave encashment in line with Ind-AS 19, potentially understating the profit for the quarter.

3. Unaccounted rental income of ₹8.00 lakh for the quarter from an RMC Plant in Guwahati.

4. The revenue from operations of ₹2,411.00 lakh includes ₹438.00 lakh of unbilled revenue for the half-year ended September 30, 2025.

5. Trade receivables and other financial assets include significant amounts receivable on account of arbitration awards.

Subsidiary Concerns

The auditor's report also noted issues with the company's subsidiaries:

1. Tantia Infrastructure (P) Ltd (TIPL): A loan of ₹543.83 lakh given to a Non-banking Finance Company has not accrued any interest income.

2. Tantia Raxaultollway Private Limited (TRPL): The company's only project has been abandoned, with a pending arbitration claim of ₹98,618.00 lakh against the National Highway Authority of India (NHAI). NHAI has taken control of the project assets.

The management stated that they are in the process of taking control of these subsidiaries, which are currently managed by the erstwhile promoters.

Twamev Construction's board meeting, which approved these results, commenced at 2:00 PM and concluded at 8:15 PM on November 12, 2025.