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.

Twamev Construction & Infrastructure Limited (formerly known as Tantia Constructions Limited) has announced a significant increase in the value of its existing railway contract with East Coast Railway. The company disclosed this information in compliance with SEBI listing regulations regarding material contract variations.

Contract Details

The revised contract, now valued at Rs 77.98 crore, represents a 24.57% increase from the original amount.

Scope of Work

The contract encompasses the following construction projects:

1. Construction of flyover bridges and major bridges between Haridaspur and Chadikhol of Haridaspur-Paradeep Line
2. Construction work between Siju and Paradeep coaching yard under KUR Division

Project Timeline

• Original Letter of Acceptance Date: September 18, 2023
• Completion Date: June 30, 2026

This contract enhancement underscores Twamev Construction's growing presence in the railway infrastructure sector and its ability to secure additional work within existing projects.

Upcoming Financial Results

In a separate announcement, Twamev Construction has scheduled a Board of Directors meeting for November 12, 2025, to consider and approve the un-audited financial results for the quarter ended September 30, 2025. The company has implemented a trading window closure from October 1, 2025, which will reopen 48 hours after the announcement of the financial results to the stock exchanges.

Investors and stakeholders should note that this contract value increase and the upcoming financial results may provide insights into the company's operational and financial performance for the current fiscal year.