Twamev Construction and Infrastructure Limited Applies for Promoter Reclassification to Public Shareholders
Twamev Construction and Infrastructure Limited has applied to BSE and NSE for reclassification of five promoter and promoter group entities to public shareholders under SEBI regulations. The reclassification involves two individual promoters and three promoter group companies, approved by the Board on 27th May, 2025, pursuant to a Resolution Plan under the Insolvency and Bankruptcy Code, 2016.

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Twamev Construction and Infrastructure Limited has informed stock exchanges about its application for reclassification of promoters and promoter group entities to public shareholders under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made on 28th January, 2026, in compliance with Regulation 31A(8) read with Regulation 30 and Part A of Schedule III of SEBI (LODR) Regulations, 2015.
Entities Proposed for Reclassification
The company has requested reclassification of five entities from promoter and promoter group categories to public shareholders. This reclassification is being pursued pursuant to a Resolution Plan approved under Section 31 of the Insolvency and Bankruptcy Code, 2016.
| Entity Type: | Name |
|---|---|
| Promoter | Mr. Ishwari Prasad Tantia |
| Promoter | Mr. Rahul Tantia |
| Promoter Group | M/s Nigolice Trading Private Limited |
| Promoter Group | M/s EDCL Infrastructure Limited |
| Promoter Group | M/s Tantia Financial Services Limited |
Board Approval and Regulatory Compliance
The Board of Directors considered and approved the reclassification request at their meeting held on 27th May, 2025. The approval is subject to compliance with applicable provisions of SEBI (LODR) Regulations, 2015 and other applicable laws. Following the board approval, the company has formally submitted an application to both BSE Limited and National Stock Exchange of India Limited for the proposed reclassification.
Stock Exchange Communication
The company communicated this development to both major stock exchanges where its shares are listed. The disclosure was sent to BSE Limited, where the company trades under scrip code 532738, and to the National Stock Exchange of India Limited, where it is listed under the symbol TICL. The communication was signed by Company Secretary Neha Saraf and includes the company's official stamp.
Regulatory Framework
This reclassification process falls under Regulation 31A of SEBI (LODR) Regulations, 2015, which governs the reclassification of promoters to public category. The disclosure requirement under Regulation 31A(8) ensures transparency in such corporate restructuring activities. The company emphasized that this disclosure is being made in strict compliance with the applicable SEBI regulations to keep all stakeholders informed about the proposed changes in shareholding classification.
Historical Stock Returns for Twamev Construction & Infrastructure
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.76% | -1.52% | -5.47% | -31.77% | -54.93% | -35.19% |


































