Twamev Clarifies Delay in Disclosing Chief Operating Officer Resignation
Twamev Construction and Infrastructure Limited has provided clarification regarding the delayed disclosure concerning the resignation of its Chief Operating Officer (COO). The company addressed the lapse related to the reporting timeline for this event.The Company had previously disclosed the COO's resignation on July 3, 2026. This resignation was effective from the close of business hours on October 31, 2025.
Regarding the delayed filing, the company stated that the omission was unintentional and stemmed from an inadvertent error by the Compliance Officer. The lapse occurred because the officer was unaware that the COO's resignation also required timely intimation to the Stock Exchange within the prescribed timeline of 24 hours from the occurrence of the event.
Twamev confirmed that the oversight was neither deliberate nor intended to withhold material information from investors or the Stock Exchange. The company expressed sincere apologies for the inadvertent lapse and assured that internal measures have been put in place to ensure strict adherence to all applicable provisions.
TICL Stock Price Movement
Twamev Construction and Infrastructure Limited sheds value as of 1:17 PM, with shares sinking to ₹11.75 after seeing a 4.94% decline in live trading. The stock plunges to its 52-week low, while trading volume stands at 376,239 shares in 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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