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📊 Last 7 days — analysed filings by sentiment
Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
34 announcements match the current filters (relevance ≥ 5).
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.
Key Highlights
Appointment of Ms. Suparna Chakrabortti as Independent Director approved for a 5-year tenure
Resolution passed with 68,376,146 votes in favor, representing 99.9930% of total votes
Only 4,747 votes (0.0070%) were cast in dissent out of over 68.38 million votes
The voting process was conducted via electronic means between April 14 and May 13, 2026
Scrutinizer Mohan Ram Goenka certified the results as passed with the requisite majority
👀 What to Watch
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.
Key Highlights
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.
👀 What to Watch
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.
Key Highlights
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.
👀 What to Watch
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.
Key Highlights
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%.
👀 What to Watch
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.
Key Highlights
Sale of 7,00,000 equity shares by promoter group member Vijay Laxmi Tapuria on Feb 26, 2026
Individual 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 base
Sale was conducted through the open market as per SEBI (SAST) and (PIT) regulations
Total paid-up capital of the company remains at 15.5 crore shares of Re. 1 each
👀 What to Watch
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.
Key Highlights
Appointment of Ms. Suparna Chakrabortti as Independent Woman Director effective Feb 26, 2026
Appointee holds an MBA in Finance from Rutgers University and is a member of ICAI
Professional experience includes auditing PSUs like MSTC Ltd and MNCs like Bata India
Previous board experience at listed firms including La Opala RG Ltd and Duroply Industries
Board meeting for the appointment concluded within 35 minutes on Feb 26, 2026
👀 What to Watch
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.
Key Highlights
Revenue for 9M FY26 increased by 28% to ₹44.94 crore compared to ₹35.13 crore in 9M FY25
Net Profit (PAT) for the nine-month period rose 120% YoY to ₹7.18 crore
Earnings Per Share (EPS) doubled to ₹0.46 for 9M FY26 from ₹0.21 in the previous year
Operating EBITDA margin expanded to 16.0% from 14.7% YoY
Secured first prestigious ropeway project in Shillong, marking entry into aerial transportation
👀 What to Watch
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.
Key Highlights
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.
👀 What to Watch
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.
TICL Q3 FY26 Results: Auditor Issues Qualified Opinion Over ₹98,618 Lakh Arbitration Claim
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.
Key Highlights
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.
👀 What to Watch
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 Q3 FY26 Results: Board Approves Financials Amid Multiple Audit Qualifications
Twamev Construction and Infrastructure Limited (formerly Tantia Constructions) approved its Q3 FY26 results, reporting standalone revenue of ₹2,083 Lakh, though 40% of this is unbilled. The company is currently executing a ₹2,100 Lakh resolution plan under NCLT supervision. However, auditors have raised several red flags, including qualified opinions on subsidiaries with abandoned projects and ₹98,618 Lakh in pending arbitration claims. Furthermore, over ₹10,600 Lakh of the company's assets are tied up in arbitration awards, posing significant liquidity risks.
Key Highlights
Standalone revenue for Q3 FY26 stood at ₹2,083 Lakh, which includes ₹834 Lakh of unbilled revenue.
Company is settling a resolution plan of ₹2,100 Lakh following an NCLT Kolkata order dated July 14, 2025.
Trade receivables and other financial assets include ₹10,671 Lakh tied to pending arbitration awards.
Step-down subsidiary TRPL has abandoned its project and filed an arbitration claim of ₹98,618 Lakh against NHAI.
Associate company Tantia Sanjauliparkings (TSPL) has been admitted to the Corporate Insolvency Resolution Process (CIRP).
👀 What to Watch
Investors should exercise extreme caution due to the high volume of audit qualifications, insolvency of associates, and heavy reliance on uncertain arbitration awards for liquidity. The stock remains a high-risk play given the ongoing resolution plan and significant unbilled revenues.
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.
Key Highlights
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.
👀 What to Watch
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.
TICL Board Meeting on Jan 31, 2026, to Approve Q3 FY26 Financial Results
Twamev Construction and Infrastructure Limited has scheduled a board meeting on January 31, 2026, to consider and approve un-audited financial results. The meeting will cover both standalone and consolidated performance for the quarter ended December 31, 2025. As per SEBI regulations, the trading window for the company's equity shares has been closed since January 1, 2026. The window will reopen 48 hours after the financial results are disclosed to the BSE and NSE.
Key Highlights
Board meeting scheduled for January 31, 2026, for Q3 FY26 results approval
Financials to include both Standalone and Consolidated un-audited results
Trading window closed from January 1, 2026, until 48 hours post-announcement
Compliance maintained under Regulation 29 of SEBI LODR Regulations
👀 What to Watch
Investors should wait for the official earnings release on January 31 to evaluate the company's quarterly performance. Monitor for any significant changes in margins or order book updates usually provided alongside results.
TICL Board Meeting Outcome: Unaudited Financial Results Approved
Twamev Construction and Infrastructure Limited's board meeting on November 12, 2025, approved the unaudited financial results (standalone and consolidated) for the quarter and half-year ended September 30, 2025. The board also noted a monetary penalty levied by the Stock Exchange for delayed submission of the Annual Report for FY 2024-25. Revenue from operations includes ₹438 Lakh on account of unbilled revenue for the half year ended 30th Sept 2025. Other Income includes ₹72 Lakh on account of provision for bad and doubt debts written back.
Key Highlights
Revenue from operations includes ₹438 Lakh on account of unbilled revenue for the half year ended 30th Sept 2025.
Trade receivable of ₹4786 Lakh and Other financial assets of ₹8149 Lakh includes ₹2877 Lakh and 7794 Lakh to be receivable on account of arbitration award as on 30th sept 2025
Other Income of ₹134 Lacs includes ₹72 Lakh on account of provision for bad and doubt debts written back.
Company Unbilled revenue balance stands at INR 576 Lakh as on 30th Sept 2025.
👀 What to Watch
Investors should review the detailed financial results when available to assess the company's performance. Monitor the progress of the arbitration award receivables, which constitute a significant portion of the company's assets.
TICL: Promoter to sell 8,00,000 shares to meet MPS
Twamev Construction and Infrastructure Limited (TICL) announced that Mr. Ravi Todi, a promoter, intends to sell 8,00,000 equity shares, representing approximately 0.52% of the total equity share capital, through the open market. This sale aims to achieve Minimum Public Shareholding (MPS) as required by SEBI regulations. The divestment process is expected to be completed within 7 days commencing from December 10, 2025, or the actual date of completion of sale. The promoter has undertaken not to purchase any equity shares of the company in the open market during the sale period.
Key Highlights
Promoter Ravi Todi to sell 8,00,000 equity shares.
Represents approximately 0.52% of the total equity share capital.
Sale is to achieve Minimum Public Shareholding (MPS).
Divestment within 7 days commencing from December 10, 2025.
Face value of each share is Re. 1/-.
👀 What to Watch
Investors should be aware of the potential market activity due to the promoter's sale of shares. Monitor the stock price and trading volume during the specified period.
