Integrated Filing — IndAS



General information about company

Scrip Code 532738
NSE Symbol TICL
MSEI Symbol NOTLISTED
ISIN INE388G01026
Name of company TWAMEV CONSTRUCTION AND INFRASTRUCTURE LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 29-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 21-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Geographical
Description of single segment
Start date and time of board meeting 29-05-2026   13:00:00
End date and time of board meeting 29-05-2026   20:00:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 2,251.00 6,745.00
Other income 28.00 110.00
Total income 2,279.00 6,855.00
2 Expenses
(a) Cost of materials consumed 425.00 1,076.00
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (707.00) (1,343.00)
(d) Employee benefit expense 244.00 602.00
(e) Finance costs 22.00 73.00
(f) Depreciation, depletion and amortisation expense 35.00 152.00
(f) Other Expenses
1 Contract Operating Expenses 1,861.00 4,885.00
2 Other Expenses 242.00 721.00
Total other expenses 2,103.00 5,606.00
Total expenses 2,122.00 6,166.00
3 Total profit before exceptional items and tax 157.00 689.00
4 Exceptional items 0.00 72.00
5 Total profit before tax 157.00 761.00
6 Tax expense
7 Current tax 0.00 0.00
8 Deferred tax (4.00) (4.00)
9 Total tax expenses (4.00) (4.00)
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 161.00 765.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 161.00 765.00
17 Other comprehensive income net of taxes 15.00 15.00
18 Total Comprehensive Income for the period 176.00 780.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 1,550.00 1,550.00
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve 29,590.00
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.11 0.5
Diluted earnings (loss) per share from continuing operations 0.11 0.5
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.11 0.5
Diluted earnings (loss) per share from continuing and discontinued operations 0.11 0.5
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) As mentioned in the outcome of the Board Meeting dated 29.05.2026



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 572.00
Capital work-in-progress 42,235.00
Investment property 0.00
Goodwill 33.00
Other intangible assets 1.00
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 448.00
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets
1 Other Financial Assets 7,751.00
Total of other non-current financial assets 7,751.00
Total non-current financial assets 8,199.00
Deferred tax assets (net) 3,632.00
Other non-current assets
1 Other non-current assets 3.00
Total of other non-current assets 3.00
Total non-current assets 54,675.00
2 Current assets
Inventories 4,218.00
Current financial asset
Current investments 0.00
Trade receivables, current 6,341.00
Cash and cash equivalents 324.00
Bank balance other than cash and cash equivalents 222.00
Loans, current 544.00
Other current financial assets
Total of other current financial assets 8,183.00
Total current financial assets 15,614.00
Current tax assets (net) 297.00
Other current assets
1 Other Current Assets 1,916.00
Total of other current assets 1,916.00
Total current assets 22,045.00
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 76,720.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1,550.00
Other equity 29,590.00
Total equity attributable to owners of parent 31,140.00
Non controlling interest 2.00
Total equity 31,142.00
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 4,775.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities
Total of other non-current financial liabilities
Total non-current financial liabilities 4,775.00
Provisions, non-current 131.00
Deferred tax liabilities (net) 0.00
Deferred government grants, Non-current
Other non-current liabilities
1 Other non-current liabilities 945.00
Total of other non-current liabilities 945.00
Total non-current liabilities 5,851.00
Current liabilities
Current financial liabilities
Borrowings, current 30,628.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 2,140.00
Total Trade payable 2,140.00
Other current financial liabilities
1 Other current financial liabilities 5,304.00
Total of other current financial liabilities 5,304.00
Total current financial liabilities 38,072.00
Other current liabilities 1,392.00
1 Other current liabilities 1,392.00
Total of other current liabilities 1,392.00
Provisions, current 246.00
Current tax liabilities (Net) 17.00
Deferred government grants, Current
Total current liabilities 39,727.00
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 45,578.00
Total equity and liabilites 76,720.00
Disclosure of notes on assets and liabilities Textual Information(1)



Text Block

Textual Information(1) NA



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Geographical 0.00 0.00
Total Segment Revenue 0.00 0.00
Less: Inter segment revenue
Revenue from operations 0.00 0.00
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Geographical 0.00 0.00
Total Profit before tax 0.00 0.00
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax 0.00 0.00
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Geographical 0.00 0.00
Total Segment Asset 0.00 0.00
Un-allocable Assets 0.00 0.00
Net Segment Asset 0.00 0.00
4 Segment Liabilities
Segment Liabilities
1 Geographical 0.00 0.00
Total Segment Liabilities 0.00 0.00
Un-allocable Liabilities 0.00 0.00
Net Segment Liabilities 0.00 0.00
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss (21.00) (21.00)
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 6.00 6.00
5 Total Other comprehensive income 15.00 15.00



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 761.00
Adjustments for reconcile profit (loss)
Adjustments for finance costs 73.00
Adjustments for decrease (increase) in inventories (1,718.00)
Adjustments for decrease (increase) in trade receivables, current (1,852.00)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 133.00
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current (1,442.00)
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 633.00
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 231.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 152.00
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current (4.00)
Adjustments for provisions, non-current 18.00
Adjustments for other financial liabilities, current 1,121.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income (110.00)
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 21.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (2,524.00)
Net cash flows from (used in) operations (1,763.00)
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 182.00
Other inflows (outflows) of cash 149.00
Net cash flows from (used in) operating activities (1,796.00)
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 0.00
Purchase of property, plant and equipment 8.00
Proceeds from sales of investment property 0.00
Purchase of investment property 6.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 99.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 230.00
Net cash flows from (used in) investing activities 315.00
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 1,527.00
Repayments of borrowings 0.00
Payments of lease liabilities 0.00
Dividends paid 0.00
Interest paid 30.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities 1,497.00
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 16.00
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 16.00
Cash and cash equivalents cash flow statement at beginning of period 308.00
Cash and cash equivalents cash flow statement at end of period 324.00





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification
Auditor's opinion Qualified opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 J JAIN & CO. Yes 30-04-2029


Financial details

Amount in (Lakhs)

Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income 2,279.00 0.00
2 Total Expenditure 2,122.00 0.00
3 Net Profit/(Loss) 161.00 0.00
4 Earnings Per Share 0.11 0
5 Total Assets 76,720.00 0.00
6 Total Liabilities 45,578.00 0.00
7 Net Worth 31,142.00 0.00


Audit qualification

Amount in (Lakhs)

Sr. Details of Audit Qualification Type of Audit Qualification Frequency of qualification For Audit Qualification(s) where the impact is quantified by the auditor For Audit Qualification(s) where the impact is not quantified by the auditor
Management's Views (i) Management's estimation on the impact of audit qualification (ii) If management is unable to estimate the impact, reasons for the same Auditors' Comments on (i) or (ii) above
1 Textual Information(1) Qualified opinion Repetitive Textual Information(2) Textual Information(3) Textual Information(4) Textual Information(5)
2 Textual Information(6) Qualified opinion Repetitive Textual Information(7) Textual Information(8) Textual Information(9) Textual Information(10)


Text Block

Textual Information(1) a. Tantia Infrastructure (P) Ltd (TIPL) one of the subsidiary companys audit

report for the year ended 31st March 2024, mentioned under noted Qualified Opinion

Attention is invited to note no 7 to the financial statement with respect to loan of INR 543.83 Lakh given to a Non banking Finance Company on which no interest income has been considered which led to overstatement of loss and understatement of the Other Current Assets

Textual Information(2) a) Not Quantified by the auditor
Textual Information(3) 1. Management's estimation on the impact of audit qualification: Not ascertainable
Textual Information(4) In the subsidiary company, Tantia Infrastructure Pvt Ltd. (TIPL) and Tantia Raxaultollways Pvt ltd (TRPL), recently the new Directors have been appointed, consequent to removal of the erstwhile Directors, the company is in the process of taking management and control and preparation of necessary books of accounts to ensure all compliances in these companies.
Textual Information(5) Not ascertainable
Textual Information(6) b. Tantia Raxaultollway Private Limited (TRPL) a stepdown subsidiary Companys

audit report for the year ended 31st March 2023 , mentioned under noted qualified opinion

a. The Only project which the company has been abandoned after the termination Notice given to National Highway Authority of India(NHAI). Pursuant to the Termination notice, the company has preferred an Arbitration and filed a claim of INR 98618 Lakh before the Arbitration Tribunal (AT). The Arbitration is still pending. Pending the Arbitration Award, no adjustment has been made in the books of accounts and same will be made on final judgment and settlement as referred in Notice no 20 standalone financial statement of TRPL for the year ended 31st March 2023. However, NHAI has taken over control of the Project Assets.

b. Further, the TRPL has in earlier years received a claim of INR 38510 Lakh plus interest from EPC contractor, Tantia Construction Limited, the ultimate holding Company, regarding Guarantee Charges, expenses, Interest, Loss of Profit etc. the said claim has been included in the Total Claims filled before the AT against NHAI. No provision has been made for said claim pending outcome of the award of the AT.

c. The facilities availed by the company from various banks and institutions have become NPA and no provisions has been made for interest from the period 1st April 2018 and thereafter, as referred in Note no 22 of TRPL financial statement for the year 2022. The lead bank also filed a case before DRT for recovery of its due. Since the Project Assets has been taken over by the NHAI, the Company may not be able to realize its assets in the normal course of business, at the value disclosed, as such the company may not be able to discharge its liabilities in full.
Textual Information(7) a) Not Quantified by the auditor
Textual Information(8) 1. Management's estimation on the impact of audit qualification: Not ascertainable
Textual Information(9) In the subsidiary company, Tantia Infrastructure Pvt Ltd. (TIPL) and Tantia Raxaultollways Pvt ltd (TRPL), recently the new Directors have been appointed, consequent to removal of the erstwhile Directors, the company is in the process of taking management and control and preparation of necessary books of accounts to ensure all compliances in these companies.
Textual Information(10) Not ascertainable


Signatories detail

Name of CEO / Managing director JASODEB CHAKRABORTY
Name of CFO TARUN CHATURVEDI
Name of audit committee chairman SUPARNA CHAKRABORTTI
Name of statutory auditor J. JAIN & CO
Name of other signatory, if any, with designation SANJAY LODHA
Place KOLKATA
Date 29-05-2026