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.

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.