Twamev Construction & Infrastructure Limited, a prominent player in the construction sector, has reported a significant development in its shareholding structure. Tarun Chaturvedi, a key promoter of the company, has released the pledge on 25,07,607 equity shares, marking a notable change in the company's equity profile.

Pledge Release Details

The pledge release transaction took place on September 24, involving Jaswik Traders Private Limited as the lender. This move has resulted in a reduction of Chaturvedi's encumbered shares from 65 lakh to approximately 39.92 lakh shares.

Impact on Shareholding

Following this transaction, Tarun Chaturvedi's total shareholding in Twamev Construction & Infrastructure remains unchanged at 2,53,21,156 shares, representing 16.34% of the company's total share capital. However, the portion of his encumbered shares has decreased significantly:

Regulatory Compliance

The company has duly informed the stock exchanges about this development, adhering to the regulations set by the Securities and Exchange Board of India (SEBI). The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Company Background

Twamev Construction & Infrastructure Limited, formerly known as Tantia Constructions Limited, has a total equity share capital of 15.5 crore shares of Re. 1/- each.

Other Corporate Developments

In other news, the company recently held its 60th Annual General Meeting on September 24, where shareholders approved several key appointments:

1. M/s. MR & Associates, a peer-reviewed firm of Practicing Company Secretaries, has been appointed as Secretarial Auditors for a term of five consecutive years.

2. M/s. J Jain & Co., a peer-reviewed firm of Practicing Chartered Accountants, has been re-appointed as Statutory Auditors for another five-year term.

These appointments underscore Twamev Construction & Infrastructure's commitment to maintaining high standards of corporate governance and financial transparency.

The release of pledged shares by a promoter is often viewed positively by the market, as it may indicate increased confidence in the company's prospects.

Twamev Construction & Infrastructure Limited (TICL) has announced a significant development involving one of its key promoters. Tarun Chaturvedi, a promoter of the company, has pledged 1.60 crore equity shares to Jaswik Traders Private Limited on August 14, 2025. This move is aimed at securing a loan against securities facility to meet the working capital needs of the company.

Details of the Pledge

The pledged shares represent 10.32% of Twamev Construction's total share capital. Following this transaction, Chaturvedi's unencumbered shareholding has decreased from 16.33% to 6.01%. However, his total holding, including the pledged shares, remains unchanged at 16.33%.

Impact on Shareholding

Purpose and Implications

The creation of this pledge is part of a financing agreement to secure working capital facilities for Twamev Construction & Infrastructure Limited. This move suggests that the company is leveraging its promoter's shareholding to access additional funds, potentially to support its ongoing operations or expansion plans.

Regulatory Compliance

The company has made the necessary disclosures in compliance with SEBI regulations, including:

• Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011
• Regulation 29(2) of SEBI (SAST) Regulations, 2011

These disclosures ensure transparency regarding the changes in the promoter's shareholding structure and the creation of the pledge.

Company Information

Twamev Construction & Infrastructure Limited, formerly known as Tantia Constructions Limited, is listed on both the BSE and NSE. The company's registered office is located in Salt Lake City, Kolkata.

This development highlights the ongoing financial activities within Twamev Construction & Infrastructure Limited, as the company utilizes its promoter's shareholding to secure additional working capital. Investors and market watchers will likely monitor how this influx of funds impacts the company's operations and financial performance in the coming months.