Twamev Construction approves results, addresses penalties

Twamev Construction and Infrastructure Limited (formerly known as Tantia Constructions Limited) announced on November 12, 2025, that its board of directors approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025. This approval includes the Limited Review Report/Auditor's Report. The company reported a standalone net profit of INR 539 Lakh for the period and total assets of INR 58,812 Lakh.

The board also noted a monetary penalty levied by the Stock Exchange(s) for the delayed submission of the Annual Report for the Financial Year 2024-25, which has since been paid. The audit reports included qualified opinions for subsidiaries, Tantia Infrastructure (P) Ltd (TIPL) and Tantia Raxaultollway Private Limited (TRPL). TIPL's audit noted an overstatement of loss and understatement of other current assets due to unconsidered interest income on a loan of INR 543.83 Lakh.

TRPL's audit highlighted issues with an abandoned project where an arbitration claim of INR 98,618 Lakh is pending, with no accounting adjustments made, and facilities availed have become NPA with no provisions for interest since April 1, 2018. Additionally, the holding company has not accounted for INR 8 Lakh in rental income for the quarter, understating consolidated profit by INR 16 Lakh year-to-date.