Twamev Construction and Infrastructure Limited — Important, 12-08-2025: General Updates

Twamev Construction's Board approved financial results for the quarter, but auditors issued a qualified opinion on consolidated results. Key concerns include a step-down subsidiary's abandoned project with a significant 986.18 Cr arbitration claim against NHAI and unprovided NPA interest from April 2018, raising asset realization doubts. The company is progressing a 21 Cr debt resolution plan, contingent on bank account status upgrades. Profit is understated due to no gratuity/leave encashment provision and 0.08 Cr unrecorded rental income. Promoter shareholding reduced to 91.33% via OFS for public float compliance, with no change in control.