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-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 27-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 21-May-2025
Description of presentation currency INR (in Actuals)
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 27-May-2025   16:00:00
End date and time of board meeting 27-May-2025   17:30:00
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
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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 497300000 848600000
Other income 782800000 790300000
Total income 1280100000 1638900000
2 Expenses
(a) Cost of materials consumed 34700000 100000000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -5600000 31000000
(d) Employee benefit expense 23600000 64000000
(e) Finance costs 7600000 21100000
(f) Depreciation, depletion and amortisation expense 3900000 18300000
(f) Other Expenses
1 Contract Operating Expenses 167300000 293500000
2 Impairment of Investment 0 0
3 Other Expenses 47600000 78800000
Total other expenses 214900000 372300000
Total expenses 279100000 606700000
3 Total profit before exceptional items and tax 1001000000 1032200000
4 Exceptional items -443400000 -443300000
5 Total profit before tax 557600000 588900000
6 Tax expense
7 Current tax 0 0
8 Deferred tax 1200000 1200000
9 Total tax expenses 1200000 1200000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement -27800000 -27800000
11 Net Profit Loss for the period from continuing operations 528600000 559900000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 528600000 559900000
17 Other comprehensive income net of taxes -700000 700000
18 Total Comprehensive Income for the period 527900000 560600000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 0 0
Total profit or loss, attributable to non-controlling interests 0 0
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 0 0
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0 0
21 Details of equity share capital
Paid-up equity share capital 155000000 155000000
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve 0
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 3.41 3.62
Diluted earnings (loss) per share from continuing operations 3.41 3.62
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 3.41 3.62
Diluted earnings (loss) per share from continuing and discontinued operations 3.41 3.62
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 27.05.2025



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 71200000
Capital work-in-progress 4223500000
Investment property 0
Goodwill 3300000
Other intangible assets 0
Intangible assets under development 500000
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 44200000
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 613700000
Total non-current financial assets 657900000
Deferred tax assets (net) 363300000
Other non-current assets 300000
Total non-current assets 5320000000
2 Current assets
Inventories 250000000
Current financial asset
Current investments 0
Trade receivables, current 447800000
Cash and cash equivalents 30600000
Bank balance other than cash and cash equivalents 45200000
Loans, current 54400000
Other current financial assets 835500000
Total current financial assets 1413500000
Current tax assets (net) 48000000
Other current assets 204800000
Total current assets 1916300000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 7236300000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 155000000
Other equity 2881000000
Total equity attributable to owners of parent 3036000000
Non controlling interest 200000
Total equity 3036200000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 335000000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 0
Total non-current financial liabilities 335000000
Provisions, non-current 21100000
Deferred tax liabilities (net) 0
Deferred government grants, Non-current 0
Other non-current liabilities 77600000
Total non-current liabilities 433700000
Current liabilities
Current financial liabilities
Borrowings, current 3052600000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 150500000
Total Trade payable 150500000
Other current financial liabilities 413800000
Total current financial liabilities 3616900000
Other current liabilities 132800000
Provisions, current 15000000
Current tax liabilities (Net) 1700000
Deferred government grants, Current 0
Total current liabilities 3766400000
3 Liabilities directly associated with assets in disposal group classified as held for sale 0
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 4200100000
Total equity and liabilites 7236300000
Disclosure of notes on assets and liabilities Textual Information(1)



Text Block
Textual Information(1) NA



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
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-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts 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 NO SEGMENT 0 0
Total Segment Revenue 0 0
Less: Inter segment revenue 0 0
Revenue from operations 0 0
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 NO SEGMENT 0 0
Total Profit before tax 0 0
i. Finance cost 0 0
ii. Other Unallocable Expenditure net off Unallocable income 0 0
Profit before tax 0 0
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 NO SEGMENT 0 0
Total Segment Asset 0 0
Un-allocable Assets 0 0
Net Segment Asset 0 0
4 Segment Liabilities
Segment Liabilities
1 NO SEGMENT 0 0
Total Segment Liabilities 0 0
Un-allocable Liabilities 0 0
Net Segment Liabilities 0 0
Disclosure of notes on segments



Other Comprehensive Income
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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
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
1 Items that not be reclassified to profit or loss -900000 900000
Total Amount of items that will not be reclassified to profit and loss -900000 900000
2 Income tax relating to items that will not be reclassified to profit or loss -200000 200000
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 0 0
5 Total Other comprehensive income -700000 700000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 588900000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 21100000
Adjustments for decrease (increase) in inventories 52900000
Adjustments for decrease (increase) in trade receivables, current -238000000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -138800000
Adjustments for decrease (increase) in other non-current assets 1200000
Adjustments for other financial assets, non-current -186500000
Adjustments for other financial assets, current 75600000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 17000000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 4100000
Adjustments for increase (decrease) in other non-current liabilities 20200000
Adjustments for depreciation and amortisation expense 18200000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current -5400000
Adjustments for provisions, non-current 8200000
Adjustments for other financial liabilities, current 63400000
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 787800000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) -300000
Other adjustments for non-cash items 443300000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -631600000
Net cash flows from (used in) operations -42700000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 2100000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities -44800000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures -1500000
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 0
Purchase of property, plant and equipment 300000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 9800000
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 9500000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) investing activities 900000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 47800000
Repayments of borrowings 0
Payments of lease liabilities 0
Dividends paid 0
Interest paid 21100000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 26700000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -17200000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents -17200000
Cash and cash equivalents cash flow statement at beginning of period 47800000
Cash and cash equivalents cash flow statement at end of period 30600000





Details of Impact of Audit Qualification
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 31-Jul-2025


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income 1280100000 0
2 Total Expenditure 279200000 0
3 Net Profit/(Loss) 528500000 0
4 Earnings Per Share 3.41 0
5 Total Assets 7236200000 0
6 Total Liabilities 4200100000 0
7 Net Worth 3036200000 0


Audit qualification
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.tTantia Infrastructure (P) Ltd (TIPL) one of the subsidiary companys audit nreport for the year ended 31st March 2024 , mentioned under noted Qualified Opinion nAttention 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. n
Textual Information(2) Not quantified by the auditor
Textual Information(3) 1. Management's estimation on the impact of audit qualification: Not ascertainable
Textual Information(4) (2) If management is unable to estimate the impact, reasons for the same: If management is unable is estimate the impact, reason for the same; The company subsidiary, Tantia Infrastructure Pvt Ltd. (TIPL) and Tantia Raxaultollways Pvt ltd (TRPL) is managed by the nerstwhile promoters of the company and the new management is in the process of taking management and control of the above mentioned subsidiaries. n
Textual Information(5) Not ascertainable
Textual Information(6) b.tTantia Raxaultollway Private Limited (TRPL) a stepdown subsidiary Companys naudit report for the year ended 31st March 2023 , mentioned under noted qualified opinion ni. 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. n nii. b.tFurther , 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 . n niii. c.tThe 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. n
Textual Information(7) Not quantified by the auditor
Textual Information(8) 1. Management's estimation on the impact of audit qualification: Not ascertainable
Textual Information(9) (2) If management is unable to estimate the impact, reasons for the same: If management is unable is estimate the impact, reason for the same; The company subsidiary, Tantia Infrastructure Pvt Ltd. (TIPL) and Tantia Raxaultollways Pvt ltd (TRPL) is managed by the nerstwhile promoters of the company and the new management is in the process of taking management and control of the above mentioned subsidiaries. n
Textual Information(10) If management is unable is estimate the impact, reason for the same; The company subsidiary, Tantia Infrastructure Pvt Ltd. (TIPL) and Tantia Raxaultollways Pvt ltd (TRPL) is managed by the nerstwhile promoters of the company and the new management is in the process of taking management and control of the above mentioned subsidiaries. n


Signatories detail
Name of CEO / Managing director TARUN CHATURVEDI
Name of CFO TARUN CHATURVEDI
Name of audit committee chairman SANTANU RAY
Name of statutory auditor J. JAIN & CO
Name of other signatory, if any, with designation SANJAY LODHA
Place KOLKATA
Date 27-May-2025