Twamev Construction & Infrastructure is set to witness a significant change in its shareholding structure as promoter Ravi Todi plans to divest a substantial portion of his stake through an offer for sale (OFS) mechanism.

Key Details of the Offer for Sale

Purpose and Compliance

The primary objective of this stake sale is to achieve compliance with the minimum public shareholding norms prescribed by the Securities and Exchange Board of India (SEBI). These regulations are designed to ensure a wider distribution of shares among public investors and enhance market liquidity.

OFS Mechanism

The offer for sale will be conducted through a separate window on the stock exchange:

• T-day (November 18, 2025): Open for non-retail investors
• T+1 day (November 19, 2025): Open for retail investors

This staggered approach allows different categories of investors to participate in the offer, potentially broadening the shareholder base of the company.

Impact on Shareholding

Upon successful completion of the OFS, Twamev Construction & Infrastructure's public shareholding is expected to increase, bringing the company closer to or in line with SEBI's prescribed norms for minimum public shareholding.

Investors and market participants are advised to monitor official company announcements for any updates or changes to the terms of this offer for sale.

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, resulting 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 board acknowledged that stock exchanges imposed a monetary penalty on the company for the delayed submission of the Annual Report for the Financial Year 2024-25. The company has since submitted the report and paid the penalty. Management has taken steps 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.

Investors and stakeholders should note that while the company shows signs of financial recovery, there are significant challenges and unresolved issues, particularly with its subsidiaries, that may impact future performance.