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நேரலைசமீபத்திய அறிவிப்பு: 2026-10-07 12:19இன்று 0 பகுப்பாய்வு செய்யப்பட்டது
குறிப்பு: இவை NSE பொது அறிக்கைகளின் AI-உருவாக்கிய, கல்வி நோக்கச் சுருக்கங்கள் — ஒவ்வொரு ஆவணத்தையும் ஆதாரமாகக் கொண்டவை, ஆனால் முதலீட்டு ஆலோசனை அல்ல, மேலும் முழுமையற்றதாகவும் இருக்கலாம். அசல் அறிக்கையுடன் சரிபார்க்கவும், செயல்படுவதற்கு முன் SEBI-பதிவு பெற்ற முதலீட்டு ஆலோசகரை அணுகவும்.
Promoter Entity Sells 2.54% Stake in TICL for ₹2.61 Cr Without Prior Intimation
Twamev Construction and Infrastructure Limited reported that promoter group entity M/s Upendra Singh Constructions Private Limited sold 39,37,446 equity shares (a cumulative 2.54% stake) between September 19, 2026, and September 30, 2026. The total consideration received for the shares was Rs. 2,60,99,516.32. Notably, the promoter group did not provide prior intimation to the company, and management only identified the transaction during a routine benpos check.
உச்சம் நம்பிக்கை
என்ன மாறியதுA promoter group entity reduced its holding by 2.54% (39.37 lakh shares) via open market or unnotified sales in late September 2026.
ஏன் இது முக்கியம்Unannounced promoter selling raises corporate governance and compliance concerns, while adding supply overhang in a micro-cap counter that has already declined over 60% in six months.
Total shares sold: 39,37,446Total stake sold: 2.54%Total consideration: Rs. 2,60,99,516.32Transaction period: 19th Sep, 2026 till 30th Sep, 2026
📅 குறுகிய காலம்May place negative sentiment and market overhang on the stock price due to unexplained promoter divestment and governance oversight gaps.
📈 நீண்ட காலம்Limited operational impact, but recurring unnotified promoter sales can erode minority shareholder trust and trigger regulatory scrutiny.
⚠ அபாய எச்சரிக்கைகள்
Promoter group selling without prior internal intimation
Potential non-compliance inquiries under SEBI PIT Regulations
👀 கவனிக்க வேண்டியவை
Monitor upcoming shareholding pattern filings to track if further promoter dilution occurs, and watch for any regulatory follow-ups or disclosures regarding compliance under SEBI PIT regulations.
Promoter & Group Sell Up to 1.10 Cr Shares (7.1% Stake) in Open Market for Over ₹5.6 Cr
Twamev Construction and Infrastructure Limited reported open market share sales executed on September 23, 2026, by its promoter and promoter group entities. Promoter Ravi Todi sold 90,00,000 equity shares (5.81% of total equity) for approximately ₹5.05 crore, reducing his direct stake from 31.79% to 25.98%. In addition, promoter group entities Ravi Todi HUF and Nadia Security Printing & Stationery sold 10,00,000 shares (0.65%) each, with Nadia completely liquidating its holding for ₹58.02 lakh.
உச்சம் நம்பிக்கை
என்ன மாறியதுPromoter Ravi Todi and promoter group entities disposed of a combined ~1.10 crore shares (~7.1% stake) in open market transactions.
ஏன் இது முக்கியம்A significant open market divestment by primary promoters can weigh on stock sentiment, increase free float, and indicates promoter liquidity realization.
Shares sold by Ravi Todi: 90,00,000Ravi Todi stake reduction: 5.81%Ravi Todi transaction value: Rs 50535199.50Shares sold by Nadia Security Printing: 10,00,000Total diluted share capital: 15,50,00,000 equity shares
📅 குறுகிய காலம்May exert short-term supply pressure on the stock price following sizeable open-market sales by insiders.
📈 நீண்ட காலம்While promoters retain a controlling interest (>70%), persistent insider divestments warrant close tracking regarding governance and capital allocation.
⚠ அபாய எச்சரிக்கைகள்
Large promoter stake dilution in open market
Complete exit by promoter group entity Nadia Security Printing
👀 கவனிக்க வேண்டியவை
Track the upcoming quarterly shareholding pattern to monitor total promoter group stake changes and observe if secondary market selling pressure continues.
Promoters to Sell 8.40% Stake (1.30 Cr Shares) to Comply with Minimum Public Shareholding
Twamev Construction and Infrastructure Limited announced that its promoter and promoter group entities plan to sell 1,30,00,000 equity shares (8.40% of paid-up capital) in the open market between September 23, 2026, and September 25, 2026. The sale is being undertaken to comply with SEBI's Minimum Public Shareholding (MPS) mandate of 25%, as promoter holding stood at 84.06% as of March 2026. Key selling entities include promoter Ravi Todi (7.10%), Ravi Todi HUF (0.65%), and Nadia Security Printing & Stationery Co Pvt Ltd (0.65%). At the current market price of Rs 5.6 per share, the transaction represents approximately Rs 7.28 crore in equity value.
உச்சம் நம்பிக்கை
என்ன மாறியதுPromoters initiated an open-market divestment of an 8.40% stake (1.30 crore shares) scheduled across September 23–25, 2026.
ஏன் இது முக்கியம்The divestment brings promoter holding down from ~84.1% to roughly 75.7%, moving the company in line with the mandatory 25% minimum public float without incurring regulatory penalties.
Shares to be sold: 1,30,00,000Percentage of share capital: 8.40%Ravi Todi divestment: 1,10,00,000 shares (7.10%)Divestment period: 23rd September, 2026 till 25th September, 2026Current Promoter Holding: 84.06%
📅 குறுகிய காலம்Large open-market supply of 1.30 crore shares relative to micro-cap daily liquidity may put short-term downward pressure on the stock price over the trading days of September 23–25, 2026.
📈 நீண்ட காலம்Structurally positive for regulatory compliance and increased public free float, eliminating risks of exchange non-compliance or penalties regarding the 25% MPS threshold.
⚠ அபாய எச்சரிக்கைகள்
Open market absorption risk: selling 8.40% equity in 3 trading days could cause elevated short-term price volatility
👀 கவனிக்க வேண்டியவை
Track the open-market execution and potential short-term supply overhang during the September 23-25, 2026 window, followed by shareholding disclosures confirming MPS compliance.
TICL Appoints New CEO; Q1 Revenue at ₹11.04 Cr with Significant Auditor Qualifications
Twamev Construction and Infrastructure Limited (TICL) has appointed Biswajit Chakraborty as CEO effective August 11, 2026, as part of its post-restructuring leadership. The company reported Q1 FY27 revenue of ₹11.04 Cr, though auditors highlighted that ₹3.02 Cr (27%) of this is unbilled revenue. Crucially, auditors issued qualified opinions on consolidated results, noting that the new management is still struggling to gain control of two subsidiaries (TIPL and TRPL) currently held by erstwhile promoters. The company is also in the final stages of a ₹21 Cr resolution plan settlement following its CIRP process.
உச்சம் நம்பிக்கை
என்ன மாறியதுThe company has transitioned its leadership by appointing a new CEO and disclosed Q1 FY27 results that continue to carry heavy legacy auditor qualifications.
ஏன் இது முக்கியம்As a company emerging from insolvency (CIRP), management stability and the ability to reclaim control of subsidiaries are vital for executing its ₹325-330 Cr order book.
Q1 வருவாய்: ₹11.04 கோடிUnbilled Revenue: ₹3.02 கோடிResolution Plan Amount: ₹21.00 கோடிOrder Book: ₹325-330 CrAGM Date: 22nd செப்டம்பர் 2026
📅 குறுகிய காலம்The stock may remain volatile as the market digests the auditor's concerns regarding subsidiary control and the high proportion of unbilled revenue.
📈 நீண்ட காலம்The long-term recovery depends on the new CEO's ability to monetize the unexecuted order book (approx. 5x TTM revenue) and resolve legacy NPA status.
⚠ அபாய எச்சரிக்கைகள்
Auditor qualification regarding lack of control over subsidiaries TIPL and TRPL
High unbilled revenue (27% of Q1 total)
Ongoing NPA status and pending resolution plan settlement
Non-provisioning for Gratuity and Leave Encashment
👀 கவனிக்க வேண்டியவை
Investors should monitor the 61st AGM for updates on the transition of control for the TIPL and TRPL subsidiaries. Key metrics to watch include the conversion of the ₹3.02 Cr unbilled revenue into cash and the final closure of the ₹21 Cr resolution plan.
CEO Jasodeb Chakraborty Resigns from Twamev Construction Effective June 30, 2026
Mr. Jasodeb Chakraborty has resigned as the Chief Executive Officer of Twamev Construction and Infrastructure Limited, effective June 30, 2026, citing ill health and medical reasons. The company is currently managing a significant unexecuted order book of Rs 325-330 Cr, which is approximately 4.8x its TTM revenue of Rs 67 Cr. This leadership transition occurs as the company targets an additional Rs 250-300 Cr in new orders for the year. Investors should monitor the appointment of a successor to ensure continuity in executing these large-scale infrastructure projects.
உச்சம் நம்பிக்கை
என்ன மாறியதுThe Chief Executive Officer has resigned due to health reasons, creating a leadership vacancy effective June 30, 2026.
ஏன் இது முக்கியம்Leadership stability is critical for TICL as it manages an order book nearly five times its annual revenue and undergoes a post-restructuring growth phase following its 2023 CIRP process.
Unexecuted Order Book: Rs 325-330 CrTTM வருவாய்: Rs 67 கோடிOrder Book to TTM Revenue Ratio: ~4.8xTarget New Orders: Rs 250-300 CrEffective Date of Resignation: ஜூன் 30, 2026
📅 குறுகிய காலம்The market may react with caution to the leadership exit; focus will shift to the board's plan for a smooth transition and the impact on immediate project execution.
📈 நீண்ட காலம்The long-term impact is dependent on the successor's ability to maintain the 60% expected growth rate and manage the high client concentration in public sector contracts.
👀 கவனிக்க வேண்டியவை
Monitor the company's announcement regarding a successor and evaluate the new appointee's track record in managing large-scale government infrastructure contracts.
📊 கடந்த 7 நாட்கள் — உணர்வு அடிப்படையில் பகுப்பாய்வு செய்யப்பட்ட அறிவிப்புகள்
TICL Clarifies CBI Probe Targets Former Promoters; Current Management Unaffected
Twamev Construction and Infrastructure Limited (TICL) has issued a clarification regarding media reports of CBI actions against its former promoters and directors. The company stated that these investigations pertain to events occurring prior to the implementation of the Resolution Plan under the Insolvency and Bankruptcy Code (IBC). Since the acquisition by the new Resolution Applicant, there has been a complete change in ownership, board composition, and management. The company confirms that no proceedings have been initiated against the current management and business operations remain unaffected.
முக்கிய அம்சங்கள்
CBI investigation involves erstwhile promoters and directors no longer associated with the company.Alleged actions relate to the period before the IBC-approved Resolution Plan was implemented.Complete change in ownership and management has occurred following the successful IBC process.No legal proceedings have been initiated against the current promoters, directors, or the company itself.Company operations continue as usual and remain unaffected by the reported investigations.
👀 கவனிக்க வேண்டியவை
Investors should distinguish between the legacy legal issues of former management and the current entity's operations; no immediate action is required as the current management is not implicated.
TICL Promoter Ravi Todi to Sell 30 Lakh Shares (1.94% Stake) for MPS Compliance
Mr. Ravi Todi, a promoter of Twamev Construction and Infrastructure Limited (TICL), has announced the sale of 30,00,000 equity shares, representing approximately 1.94% of the company's total paid-up capital. The divestment will take place through the open market between June 22, 2026, and June 30, 2026. This move is intended to help the company achieve the Minimum Public Shareholding (MPS) requirement as mandated by SEBI. The company clarified that while this sale is a significant step, it will not alone fulfill the entire MPS obligation, and other methods may be used in the future.
முக்கிய அம்சங்கள்
Promoter Ravi Todi to divest 30,00,000 equity shares (1.94% stake) via open market.Sale period is scheduled from June 22, 2026, to June 30, 2026.The primary objective is to comply with SEBI's Minimum Public Shareholding (MPS) norms.The promoter has provided an undertaking not to purchase any shares on the dates of the sale.This transaction is part of a broader plan as it will not fully satisfy the 25% MPS requirement on its own.
👀 கவனிக்க வேண்டியவை
Investors should expect potential short-term price volatility due to the 1.94% stake being sold in the open market. However, the move is fundamentally positive as it improves regulatory compliance and will eventually increase the stock's free float and liquidity.
TICL Promoter Confirms Nil Encumbrance; 1.20 Cr Shares Released from Pledge in FY26
Tarun Chaturvedi, a promoter of Twamev Construction and Infrastructure Limited (TICL), has filed a disclosure under Regulation 31(4) of SEBI SAST Regulations for the financial year ended March 31, 2026. The promoter confirmed that a pledge on 1,20,07,607 equity shares created during the year has been fully released. As of the year-end, the total promoter and Persons Acting in Concert (PAC) group holds 13,02,98,301 shares, representing 84.08% of the company, with zero encumbrances. Major stakeholders include Ravi Todi (31.79%) and Tarun Chaturvedi (13.76%).
முக்கிய அம்சங்கள்
Promoter group confirms 0% encumbrance on their total 84.08% stake as of March 31, 2026.A significant pledge of 1,20,07,607 shares was created and subsequently released during FY 2025-26.Total promoter and PAC shareholding stands at 13,02,98,301 equity shares.Ravi Todi is the largest shareholder in the promoter group with 4,92,72,278 shares (31.79%).Institutional-style holdings within PAC include GEO Infrastructure Advisory LLP (12.90%) and Upendra Singh Constructions Pvt Ltd (12.50%).
👀 கவனிக்க வேண்டியவை
The release of the share pledge and the maintenance of a high promoter holding (84.08%) are positive indicators of promoter confidence and financial health. Investors should continue to monitor the company's execution in the infrastructure sector.
TICL Reports FY26 Revenue of ₹67.45 Cr; Re-appoints Statutory Auditors for 4-Year Term
Twamev Construction and Infrastructure Limited (TICL) reported a decline in revenue from operations to ₹67.45 crore for FY26, compared to ₹84.86 crore in the previous year. The company is currently in the process of finalizing a ₹21 crore resolution plan settlement as per NCLT orders. Other income saw a significant drop to ₹1.10 crore from ₹79.03 crore, primarily due to the absence of one-time arbitration interest gains recorded in the prior year. Additionally, the board has approved the re-appointment of M/s. J. Jain & Co. as Statutory Auditors for a second four-year term starting FY 2026-27.
முக்கிய அம்சங்கள்
Revenue from operations decreased by 20.5% YoY to ₹67.45 crore for the full year ended March 31, 2026.Other income fell sharply to ₹1.10 crore from ₹79.03 crore in FY25, which had been boosted by arbitration awards.Company is finalizing a ₹21 crore resolution plan settlement subject to account upgradation from NPA status.Unbilled revenue remains significant at ₹10.99 crore, though down from ₹21.33 crore in the previous year.M/s. J. Jain & Co. re-appointed as Statutory Auditors for a four-year term until FY 2029-30.
👀 கவனிக்க வேண்டியவை
Investors should closely monitor the company's progress in exiting NPA status through the resolution plan and its ability to stabilize core operational revenue. The significant reduction in unbilled revenue and arbitration-linked income suggests a transition phase that requires cautious observation.
TICL Bags ₹19.05 Crore Order from SAIL for Re-building Employees Quarter at Burnpur
Twamev Construction and Infrastructure Limited (TICL) has received a Letter of Acceptance from Steel Authority of India Limited (SAIL) for a construction project at the IISCO Steel Plant. The contract, valued at approximately ₹19.05 crore, involves the re-building of employees' quarters at the ISP Township in Burnpur. The project has a strict execution timeline of 12 months from the effective date. This order win strengthens the company's order book and demonstrates its capability to secure contracts from major Public Sector Undertakings (PSUs).
முக்கிய அம்சங்கள்
Total contract value is ₹19,04,65,887.63 including GSTProject involves re-building of Employees Quarter at ISP Township, Phase-1 of SAIL-ISP BurnpurExecution period is 12 months from the effective date of contractSecurity Deposit of ₹95.23 lakh (5% of contract value) is required to be submitted within 20 daysContract was secured through a competitive bidding process including a Reverse Auction held on May 15, 2026
👀 கவனிக்க வேண்டியவை
Investors should view this as a positive development for revenue visibility over the next fiscal year. Monitor the company's ability to execute within the 12-month deadline to ensure margin protection.
TICL Shareholders Approve Appointment of Independent Director with 99.99% Majority
Shareholders of Twamev Construction and Infrastructure Limited (TICL) have overwhelmingly approved the appointment of Ms. Suparna Chakrabortti as an Independent Director for a five-year term. The resolution was passed via a postal ballot process with 99.9930% of the total votes cast in favor. Out of 68,380,893 total votes, only 4,747 were cast against the proposal. This board strengthening follows the company's recent rebranding from Tantia Constructions Limited.
முக்கிய அம்சங்கள்
Appointment of Ms. Suparna Chakrabortti as Independent Director approved for a 5-year tenureResolution passed with 68,376,146 votes in favor, representing 99.9930% of total votesOnly 4,747 votes (0.0070%) were cast in dissent out of over 68.38 million votesThe voting process was conducted via electronic means between April 14 and May 13, 2026Scrutinizer Mohan Ram Goenka certified the results as passed with the requisite majority
👀 கவனிக்க வேண்டியவை
This is a routine but positive governance update that ensures board compliance and stability. Investors should continue to monitor the company's operational performance following its transition to the Twamev brand.
TICL Penalizes Promoter Group Member for Insider Trading Violation; Imposes 6-Month Trading Ban
Twamev Construction and Infrastructure Limited (TICL) has taken disciplinary action against a promoter group entity, Upendra Singh Construction Private Limited, for selling shares during a closed trading window. The board identified this as a violation of the SEBI-mandated Code of Conduct for Prevention of Insider Trading during the quarter ended March 31, 2026. In response, the board issued a formal warning and prohibited the entity from trading in company securities for six months. This incident underscores the need for stricter compliance monitoring within the promoter group.
முக்கிய அம்சங்கள்
Promoter group member Upendra Singh Construction Private Limited violated trading window restrictions for the quarter ended March 31, 2026.The Board of Directors held a meeting on April 30, 2026, to deliberate on the insider trading breach and initiate action.A 6-month ban on all securities transactions has been imposed on the violating promoter group entity effective immediately.The company has issued a formal warning to the concerned member to ensure future adherence to SEBI (LODR) regulations.
👀 கவனிக்க வேண்டியவை
Investors should monitor the company for further governance lapses or significant changes in promoter holding. While the board's prompt disciplinary action is a positive sign of oversight, the underlying compliance breach by a promoter is a red flag.
TICL Promoter Group Sells 6.09 Lakh Shares During Closed Trading Window
Upendra Singh Constructions Private Limited, a promoter group member of Twamev Construction and Infrastructure Limited (TICL), sold 6,09,283 shares worth approximately ₹1.42 crore. The sales occurred on April 13 and 15, 2026, during a period when the company's trading window was officially closed. The company's Compliance Officer identified the breach after an enquiry, and the matter has been referred to the Audit Committee for further action. This violation of SEBI (Prohibition of Insider Trading) Regulations highlights potential governance and compliance risks.
முக்கிய அம்சங்கள்
Sale of 6,09,283 shares (0.39% stake) by promoter group entity Upendra Singh Constructions Private Limited.Total transaction value of ₹1,41,96,503 executed via market sale on NSE.Promoter group shareholding decreased from 12.50% to 12.11% following the transactions.Transaction confirmed as a violation of SEBI (PIT) Regulations due to trading during a closed window.Audit Committee and Board are currently examining the matter for appropriate regulatory reporting and action.
👀 கவனிக்க வேண்டியவை
Investors should exercise caution as regulatory breaches by promoter entities often signal internal control weaknesses. Monitor for any SEBI-imposed penalties or further management clarifications regarding the breach.
TICL Promoters Declare Zero Pledged Shares; Release 1.20 Crore Pledged Shares in FY26
Tarun Chaturvedi, a promoter of Twamev Construction and Infrastructure Limited (TICL), has filed a disclosure confirming that all pledged shares were released during the financial year 2025-26. As of March 31, 2026, the promoter and Persons Acting in Concert (PACs) hold a combined 84.08% stake in the company with zero encumbrances. This annual declaration under SEBI (SAST) Regulations confirms that no promoter shares are currently being used as collateral, which is a positive sign for the company's financial stability.
முக்கிய அம்சங்கள்
Promoter Tarun Chaturvedi released a pledge on 1,20,07,607 equity shares during the 2025-26 financial year.Total promoter and PAC shareholding stands at 13,02,98,301 shares, representing 84.08% of the total equity.Confirmed zero encumbrances or direct/indirect pledges on any promoter shares as of March 31, 2026.Major individual holdings include Ravi Todi at 31.79% and Tarun Chaturvedi at 13.76%.
👀 கவனிக்க வேண்டியவை
Investors should view the elimination of share pledges and the high promoter holding as a sign of strong commitment and reduced financial risk. However, be mindful of the high concentration of ownership (84.08%) which may impact stock liquidity.
TICL Promoter Group Member Sells 7 Lakh Shares via Open Market
Mrs. Vijay Laxmi Tapuria, a member of the promoter group of Twamev Construction and Infrastructure Limited (TICL), sold 7,00,000 equity shares on February 26, 2026. This transaction was executed in the open market, reducing her individual holding from 5.73% to 5.28%. The total disposal represents approximately 0.45% of the company's total paid-up equity capital. Such minor stake reductions by promoter group members are common for personal liquidity but warrant monitoring for further divestment trends.
முக்கிய அம்சங்கள்
Sale of 7,00,000 equity shares by promoter group member Vijay Laxmi Tapuria on Feb 26, 2026Individual stake reduced from 5.73% (88.75 lakh shares) to 5.28% (81.75 lakh shares)The transaction represents a 0.45% reduction in the company's total equity baseSale was conducted through the open market as per SEBI (SAST) and (PIT) regulationsTotal paid-up capital of the company remains at 15.5 crore shares of Re. 1 each
👀 கவனிக்க வேண்டியவை
Investors should monitor if this sale is followed by further selling from other promoter group members, though the current 0.45% stake reduction is relatively small. No immediate action is required unless the broader promoter holding drops significantly.
TICL Appoints Ms. Suparna Chakrabortti as Independent Woman Director
Twamev Construction and Infrastructure Limited (TICL) has appointed Ms. Suparna Chakrabortti as an Independent Woman Director effective February 26, 2026. Ms. Chakrabortti is a Chartered Accountant with an MBA from Rutgers University and has significant experience auditing MNCs like Bata India and American Express. She has previously served on the boards of several listed companies, including La Opala RG Ltd and Duroply Industries. This appointment is expected to strengthen the company's corporate governance and financial oversight capabilities.
முக்கிய அம்சங்கள்
Appointment of Ms. Suparna Chakrabortti as Independent Woman Director effective Feb 26, 2026Appointee holds an MBA in Finance from Rutgers University and is a member of ICAIProfessional experience includes auditing PSUs like MSTC Ltd and MNCs like Bata IndiaPrevious board experience at listed firms including La Opala RG Ltd and Duroply IndustriesBoard meeting for the appointment concluded within 35 minutes on Feb 26, 2026
👀 கவனிக்க வேண்டியவை
Investors should view this as a positive step toward better corporate governance and board diversity. No immediate action is required, but the addition of a seasoned financial professional to the board is a healthy sign for long-term oversight.
TICL Q3 FY26 Revenue Up 38% YoY; 9M PAT Surges 120% to ₹7.18 Cr
Twamev Construction and Infrastructure Limited reported a strong 38% YoY growth in quarterly revenue to ₹20.83 crore for the period ending December 31, 2025. For the nine-month period, Profit After Tax (PAT) surged by 120% to ₹7.18 crore, driven by improved cost oversight and a significant reduction in finance costs. Operating EBITDA margins improved to 16.0% from 14.7% in the previous year, reflecting better project delivery efficiency. The company is also benefiting from a multi-year tax shield and has recently diversified into aerial transportation with a new ropeway project in Shillong.
முக்கிய அம்சங்கள்
Revenue for 9M FY26 increased by 28% to ₹44.94 crore compared to ₹35.13 crore in 9M FY25Net Profit (PAT) for the nine-month period rose 120% YoY to ₹7.18 croreEarnings Per Share (EPS) doubled to ₹0.46 for 9M FY26 from ₹0.21 in the previous yearOperating EBITDA margin expanded to 16.0% from 14.7% YoYSecured first prestigious ropeway project in Shillong, marking entry into aerial transportation
👀 கவனிக்க வேண்டியவை
Investors should note the strong operational turnaround and margin expansion; however, they should monitor the sustainability of growth once the current tax shield benefits are exhausted.
TICL Q3 FY26 Results: Revenue at ₹2,083 Lakh Amid Audit Qualifications and NCLT Resolution
Twamev Construction and Infrastructure Limited (formerly Tantia Constructions) reported Q3 FY26 revenue of ₹2,083 lakh, though a significant ₹834 lakh of this is unbilled. The auditors have issued a qualified opinion citing non-accrual of interest on certain loans and unresolved claims in subsidiaries. The company is currently executing a ₹2,100 lakh resolution plan settlement following an NCLT order from July 2025. Furthermore, significant financial assets remain tied up in arbitration awards, including a massive ₹98,618 lakh claim against NHAI by a subsidiary.
முக்கிய அம்சங்கள்
Reported quarterly revenue of ₹2,083 lakh, with unbilled revenue accounting for ₹834 lakh (approx. 40%).Executing a ₹2,100 lakh resolution plan settlement as per NCLT Kolkata order dated July 14, 2025.Trade receivables of ₹5,144 lakh and other financial assets of ₹8,157 lakh include significant arbitration-related receivables.Subsidiary TRPL has a pending arbitration claim of ₹98,618 lakh against NHAI for an abandoned project.Auditors issued a qualified opinion due to accounting discrepancies in subsidiaries and non-provisioning for certain liabilities like Gratuity.
👀 கவனிக்க வேண்டியவை
The stock remains a high-risk play given the audit qualifications and heavy reliance on legal and arbitration outcomes. Investors should monitor the successful completion of the resolution plan and clarity on the NHAI arbitration awards before making further commitments.
Twamev Construction and Infrastructure Limited (formerly Tantia Constructions) reported Q3 FY26 results marked by significant auditor qualifications and financial stress. The company is currently settling a ₹2,100 Lacs resolution plan following an NCLT order dated July 2025. Revenue for the quarter was ₹2,083 Lakh, but ₹834 Lakh of this remains unbilled, and the company faces massive pending arbitration claims of ₹98,618 Lakh. Auditors have expressed a disclaimer of conclusion for certain subsidiaries due to unavailable records and ongoing insolvency proceedings of an associate company.
முக்கிய அம்சங்கள்
Auditors flagged a massive ₹98,618 Lakh pending arbitration claim against NHAI for an abandoned project.Quarterly revenue of ₹2,083 Lakh includes ₹834 Lakh (40%) of unbilled revenue, raising liquidity concerns.Company is in the process of a ₹2,100 Lacs resolution plan settlement to upgrade its NPA status.Total receivables and financial assets include ₹10,671 Lakh tied to pending arbitration awards.Auditors issued a qualified opinion due to non-provisioning of interest on NPA accounts and missing subsidiary data.
👀 கவனிக்க வேண்டியவை
Investors should remain highly cautious as the company's financial health is heavily dependent on uncertain arbitration outcomes and the successful execution of the NCLT resolution plan. The significant auditor qualifications and high unbilled revenue suggest substantial risk to the reported profit and asset valuation.
TICL Re-classifies 5 Promoter Entities to Public Category Following IBC Resolution
Twamev Construction and Infrastructure Limited (formerly Tantia Constructions) has applied to stock exchanges for the re-classification of five promoter entities to the public category. This move is part of the Resolution Plan approved under Section 31 of the Insolvency and Bankruptcy Code (IBC). The entities include individual promoters Mr. Ishwari Prasad Tantia and Mr. Rahul Tantia, along with three corporate entities. The Board of Directors had previously approved this request on May 27, 2025, as the company transitions post-insolvency.
முக்கிய அம்சங்கள்
Application filed for re-classification of 5 promoter/promoter group entities to the public category.Action taken pursuant to a Resolution Plan approved under Section 31 of the IBC, 2016.Promoters involved include Mr. Ishwari Prasad Tantia and Mr. Rahul Tantia.Corporate entities Nigolice Trading, EDCL Infrastructure, and Tantia Financial Services are also being re-classified.The Board of Directors initially approved this re-classification request on May 27, 2025.
👀 கவனிக்க வேண்டியவை
Investors should note this as a procedural step in the company's restructuring post-IBC. Monitor the final approval from BSE and NSE to confirm the updated shareholding structure.
⚠️இந்தத் தளம் எவ்வாறு உருவாக்கப்படுகிறது: சந்தைத் தரவுப் பக்கங்கள் NSE/BSE வெளியீடுகள் மற்றும் நிறுவனங்களின் தாக்கல்களிலிருந்து தானாகக் கணக்கிடப்படுகின்றன; செய்திக் கட்டுரைகளும் அறிவிப்புப் பகுப்பாய்வுகளும் AI உதவியுடன் எழுதப்படுகின்றன, மனித மேற்பார்வையுடன்: AI உருவாக்குவதை எங்கள் ஆசிரியர்கள் மதிப்பாய்வு செய்கின்றனர். இரண்டிலும் பிழைகள் இருக்கலாம். எந்தவொரு முதலீட்டு முடிவுக்கு முன்பும் அசல் மூலங்களில் சரிபார்க்கவும். முதலீட்டு ஆலோசனை அல்ல; Flash Finance SEBI-பதிவு பெற்றது அல்ல. நாங்கள் AI-ஐ எவ்வாறு பயன்படுத்துகிறோம்
🎁 ஆரம்பகால ஆதரவாளர்களுக்கு மட்டும் · குறுகிய கால சலுகை
எங்கள் AI பங்குச் சந்தை பகுப்பாய்வு: டெலிகிராம், வாட்ஸ்அப்பில் இலவசம்
⚡ 3500+ நிறுவனங்களை நாங்கள் உடனுக்குடன் கண்காணிக்கிறோம். NSE-யில் ஒரு நிறுவன அறிவிப்பு வெளியானதுமே, எங்கள் AI அதைப் படித்து, சுருக்கி, அதன் தாக்கத்தைச் சில நொடிகளில் உங்களுக்குச் சொல்கிறது.
இதுபோன்ற AI பகுப்பாய்வுக்குக் கட்டணத் தளங்கள் ஆண்டுக்கு ₹1,00,000-க்கும் மேல் வசூலிக்கின்றன. எங்கள் சேனல்களில் இது இலவசம்.
