The Addendum
Two days after its CEO resigned, Tantia's reborn avatar disclosed that its COO had also left — eight months ago. The filing calls the omission "inadvertent." The market, for the first time in nine sessions, went green.
On Wednesday, we published the story of a company that died and came back: Tantia Constructions, the sixty-year-old Kolkata infrastructure builder reborn out of insolvency as Twamev Construction & Infrastructure. That story ended with the chief executive resigning on July 1 and the stock at its lows. The very next filing arrived on Friday morning — and it was about the past, not the future.
The company's other top operating executive had already been gone for eight months. Nobody outside the company knew.
A resignation, filed 245 days later
On July 3, Twamev filed an addendum to a board-meeting outcome originally submitted on November 12, 2025. The addendum discloses that Mr. Debajyoti Debnath resigned as Chief Operating Officer, effective the close of business on October 31, 2025.
…the resignation of Mr. Debajyoti Debnath from the position of Chief Operating Officer (COO) was inadvertently omitted from the original intimation… the omission was unintentional.
— Addendum to the Board Meeting outcome of November 12, 2025 · filed with BSE on July 3, 2026
245
days between the COO leaving and the disclosure2
top executives gone — CEO & COO+4.9%
Jul 3 — first green close in nine sessionsThe corner office was emptier than it looked
COO Debajyoti Debnath's last day. No disclosure is made.
Independent director Ramya Hariharan resigns — followed by a correction to her resignation date.
Suparna Chakrabortti appointed independent woman director — the board being replenished.
Independent director and audit-committee chair Santanu Ray passes away.
Promoter MPS selling; CBI clarification filed: the matter concerns erstwhile promoters, pre-resolution.
CEO Jasodeb Chakraborty resigns, citing ill health — disclosed July 1.
The addendum: the COO's October exit is disclosed, 245 days late. The stock closes +4.9%.
To be precise about what this is not: there is no allegation of wrongdoing here, by anyone. What the addendum changes is not the facts of who left — it is what we now know about when, and about how reliably this company's disclosures track its reality.
The tells from here
Who runs it
The company now has neither a CEO nor a COO on record. Watch for interim arrangements or new appointments — and how quickly they are disclosed.
Q1 results
The trading window closed July 1 for the June-quarter results — now to be delivered by a company between chief executives.
Disclosure hygiene
Two people-disclosures have needed corrections in eight months. Whether the filings from here are complete and on time is now itself a signal.
The overhang
Promoters still hold ~84% against the 75% cap. The mandated selling continues.
Part I ended by saying the filings tell you where the company has been, and the next few quarters will tell you where it's going. The addendum is a reminder that with this company, even where it has been was not fully on the record.
The record is now, by the company's own account, corrected and complete. The next filings get to show whether it stays that way.
Informational and educational content only. Not investment advice.