Promoter Sells 10 Lakh Shares of Twamev Construction and Infrastructure for MPS Compliance
Twamev Construction and Infrastructure Limited has announced a proposed open market sale of equity shares by one of its promoters as part of efforts to achieve Minimum Public Shareholding (MPS). The company, which was formerly known as Tantia Constructions Limited, intends to sell the shares through the stock exchanges on Tuesday, June 30, 2026.The promoter involved in the transaction is Mr. Shrish Tapuria.
According to the details of the proposed sale, the divestment covers a total of Ten Lakh (10,00,000) equity shares, representing 0.65% of the company's total paid-up equity share capital. The shares have a face value of Re. 1/each.
A summary of the proposed sale is detailed below:
| Promoter | Shares Proposed to be Sold | Percentage of Total Equity Capital |
|---|---|---|
| Mr. Shrish Tapuria | 10,00,000 | 0.65% |
| Total | 10,00,000 | 0.65% |
The primary purpose of the proposed transaction is to comply with the regulatory mandates for maintaining Minimum Public Shareholding (MPS) as required by applicable regulations.
In connection with the sale, Mr. Tapuria has provided an undertaking confirming that he will not purchase or acquire any equity shares of Twamev Construction and Infrastructure Limited in the open market on June 30, 2026, the date set for the trading process. The company noted that this transaction is part of a larger plan to meet the MPS requirement using permissible methods prescribed by SEBI.
TICL Stock Price Movement
As of 3:11 PM, shares of Twamev Construction and Infrastructure Limited are tumbling by 9.96% in live trading, currently priced at ₹15.36. The heavy sell pressure has driven the stock to its 52-week low as over 2.72 million shares trade on the market.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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