Twamev Construction approves financials, addresses penalty and audit qualifications

Twamev Construction and Infrastructure Limited's board of directors met on November 12, 2025, to approve the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025. The company also addressed a monetary penalty levied by the stock exchange for the delayed submission of its annual report for the financial year 2024-25. The delay was deemed inadvertent, and the company has since submitted the report and paid the penalty.

The financial results indicate a total income of INR 2,545 Lakh and total expenses of INR 2,006 Lakh for the half-year ended September 30, 2025, leading to a net profit before tax of INR 539 Lakh. The company reported earnings per share of INR 0.35. Key financial figures include revenue from operations of INR 2,411 Lakh and other income of INR 134 Lakh.

The meeting also highlighted significant audit qualifications, including a loan of INR 543.83 Lakh to a Non-banking Finance Company where no interest income was considered, leading to an overstatement of loss and understatement of other current assets. Additionally, the company is dealing with an abandoned project by its step-down subsidiary, Tantia Raxaultollway Private Limited, where an arbitration claim of INR 98,618 Lakh is pending, and the subsidiary's assets have been taken over by NHAI.