Twamev Construction promoter to sell shares for MPS compliance

Twamev Construction and Infrastructure Limited announced that its promoter, Ravi Todi, intends to sell 800,000 equity shares through the open market. This divestment aims to achieve the minimum public shareholding (MPS) as mandated by SEBI regulations. The shares represent approximately 0.52% of the company's total paid-up equity share capital.

The sale is being undertaken to fulfill regulatory requirements under Rule 19A of the Securities Contracts (Regulation) Rules, 1957, and Regulation 38 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The divestment process is expected to be completed within seven days from December 10, 2025, or the actual completion date of the sale.

Todi has provided an undertaking confirming he will not purchase any equity shares of the company in the open market on the dates of the sale, nor for a continuous period of seven trading days thereafter. The company noted that while this transaction contributes to the MPS goal, it alone will not fully meet the obligation, and other permissible methods will be explored.