NSEGeneral Updates3d ago · 22 Sept 2026, 06:19 pm
General Updates
Twamev Construction and Infrastructure Limited · TICL
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Twamev Construction and Infrastructure Limited has informed the Exchange about Intimation of sale of shares by Promoter and Promoter Group to achieve the MPS of the Company.
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Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk2/10
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Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Twamev Construction and Infrastructure Limited has informed the Exchange about Intimation of sale of shares by Promoter and Promoter Group, Mr. Ravi Todi, M/s Ravi Todi HUF and M/s Nadia Security Printing and Stationery Co Pvt Ltd, respectively, to achieve the MPS of the Company.
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Twamev Construction and Registered Office
Infrastructure Limited DD-30, 7th Floor, Sector-1
Salt Lake City, Kolkata -700064
(Formerly known as Tantra Constructions Lrmrted) +91 33 49sos600
O info@twamevcons.com
Date: 22.09.2026
The Secretary The Manager
BSE Limited National Stock Exchange of India Limited
New Trading Wing, Exchange Plaza, C-1, Block "G"
Rotunda Building, 5th Floor, Bandra Kurla Complex,
PJ Tower, Dalal Street, Bandra East,
Mumbai - 400001 Mumbai - 400051
Scrip code - 532738 Symbol - TIC L
Dear Sir/Madam,
Subject: Intimation of Proposed Sale of 1,30,00,000 Equity Shares of Twamev Construction and
Infrastructure Limited by Promoter and Promoter Group through Open Market for Achieving
Miiaimum Public Shareholding (MPS)
Pursuant to the provisions of Rule l 9(2)(b) and Rule l 9A of the Securities Contracts (Regulation) Rules,
1957 ("SCRR"), Regulation 38 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 ("SEBI LODR Regulations"), and in accordance with paragraph of SEBI Circular No.
SEB J/HO/CFD/POD21PICIR/2023/18 dated February 3, 2023 ("SEBI Circular"), we hereby inform you
that Mr. Ravi Todi, Mis Ravi Todi HUF and Mis Nadia Security Printing & Stationery Co. Pvt Ltd. being
the Promoter and Promoter Group of Twamev Construction and Infrastructure Limited (the "Company"),
intend to sell an aggregate of One Crore Thirty Lakh (1,30,00,000) equity shares having face value of Re.
II-each ("Equity Shares") of the Company through the stock exchange(s) via the open market route.
Details of Proposed Sale is as under:
Name of the
Sr. No. of Equity Shares % of total equity share capital
Promoter and
No proposed to be sold proposed to be sold
I. Mr. Ravi Todi 1, I 0,00,000 7.10%
2. Mis Ravi Todi HUF 10,00,000 0.65%
3. Mis Nadia Security
Printing & Stationery 10,00,000 0.65%
Co. Pvt Ltd.
Total 1,30,00,000 8.40%
The purpose of the proposed sale is to achieve Minimum Public Shareholding (MPS) in accordance with
the requirements prescribed by SEBI and the applicable regulations.
Corporate Office Delhi Office
Martin Burn Business Park, 17th Floor 5th Floor, Unit No. 517 & 518
Office No: 1704, Plot 3, Block BP Le-Meridian Commercial Complex
Sector V, Saltlake City, Kolkata - 700091 Raisina Road, New Delhi -110001
+91 33 49sos6oo +9111 40581302
O info@twamevcons.com 0 delhi@twamevcons.com
CIN -L74210WB1964PLC026284 . . . w.. w w. t w am e v c 0 n s. c 0 m
The details as required under the SEBI Circular are provided in the table below:
Sr. Details of the event to be
Particulars
No provided
The Promoter and Promoter Group, of the Company as
Intention of the Promoter/ mentioned above has conveyed their intention to sell the
I Promoter Group to sell and the equity shares to enable us to comply with the
purpose of sale requirements of MPS as mandated under SCRR and the
Listing Regulations.
Mr. Ravi Todi (Promoter), Mis Ravi Todi HUF
(Promoter Group) and Mis Nadia Security Printing &
Stationery Co. Pvt Ltd. (Promoter Group) of Twamev
Details of Promoter and
Construction and Infrastructure Limited proposes to sell
2 Promoter Group, who propose
an aggregate of 1,30,00,000 equity shares (approx.
to divest their shareholding
8.40% of the total paid-up equity share capital) through
the open market to achieve Minimum Public
Shareholding (MPS).
Total number of shares and 1,30,00,000 equity shares representing approximately
3 percentage of shareholding 8.40% of the total paid-up equity share capital of the
proposed to be divested Company.
Period within which the entire Commencing from Wednesday, 23rd September, 2026
4 divestment process will be till the period ending on Friday, 25th September, 2026 or
completed ("Period") actual sale of the proposed shares, whichever is earlier.
-- -- -
Brief background of the Proposed Sale:
In order to ensure compliance with the Minimum Public Shareholding (MPS) requirements prescribed
under Rule I 9A of the Securities Contracts (Regulation) Rules, 1957 (SCRR) and Regulation 38 of the
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), the
Promoter and Promoter Group of the Company proposes to divest an aggregate of 1,30,00,000 equity shares
as detailed in the table above through an open market sale.
This proposed divestment is undertaken solely with the objective of fulfilling the regulatory mandate for
maintaining the minimum threshold of public shareholding as required by SEBI. To ensure transparency
and compliance, the sellers have provided written undertaking confirming that they shall not purchase or
acquire any equity shares of the Company in the open market on the dates on which the Proposed Sale will
be carried out. The undertaking is annexed alongiwth.
Further, pursuant to the Securities and Exchange Board of India circular no.
SEB l/HO/CFD/POD2/P/CIR/2023/18 dated February 03, 2023, an undertaking dated 22"d September, 2026
has been obtained from the Promoter and Promoter Group stating that they will not buy any shares in the
open market on the dates on which the shares are being sold by Promoter and Promoter Group as stated
above. The copy of the said undertaking is enclosed for your perusal.
The Company further informed that it will ensure compliance with all applicable provisions including that
of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 and
Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations,
2011 for undertaking the aforesaid transaction.
We request you to kindly take the same on record.
Thanking you,
For Twamev Construction and Infrastructure Limited
Neha Saraf
Company Secretary
Mem No.: A52479