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

Twamev Construction's board approved Q1 financial results. The company is advancing on its resolution plan, awaiting CIBIL upgrade from NPA status for a Rs 21 Cr payment. Key auditor qualifications highlighted: a subsidiary's Rs 5.44 Cr loan lacks interest income, and another's Rs 986.18 Cr arbitration claim vs. NHAI is pending with no book adjustments for related Rs 385.10 Cr claim or NPA interest. Promoter shareholding reduced from 94.33% to 91.33% (approx 4.65 Cr shares sold) to meet public shareholding norms. An AGM will also be held to approve MoA/AoA changes.