Twamev Construction Approves Q1 FY27 Un-audited Financial Results

Twamev Construction and Infrastructure Ltd announced the approval of its un-audited financial results for the quarter ended June 30, 2026. The Board of Directors also approved the 61st Annual General Meeting (AGM) to be held on September 22, 2026, via Video Conferencing. A cut-off date of September 15, 2026, was set for remote e-voting. Additionally, Mr. Biswajit Chakraborty's designation was changed from Senior Management Personnel to Chief Executive Officer (CEO) effective August 1, 2026. The company's auditors noted several emphasis of matters, including a pending settlement of a resolution plan amount, reconciliation processes for receivables and payables, and the non-provision of gratuity and leave encashment, leading to an understatement of profit. The consolidated results also highlighted qualified opinions regarding a subsidiary's loan and a stepdown subsidiary's abandoned project and pending arbitration.