Twamev Construction and Infrastructure Limited has imposed disciplinary measures on promoter group member M/s Upendra Singh Construction Private Limited for insider trading violations during Q4 FY26. The board meeting on 30th April, 2026 resulted in a formal warning and six-month trading ban for unauthorized equity share sales during the closed trading window. The company has reaffirmed its commitment to regulatory compliance and corporate governance standards.

Twamev Construction Issues Trading Ban to Promoter Group Member for Insider Trading Violation

Twamev Construction and Infrastructure Limited has announced disciplinary measures against a promoter group member following an insider trading violation during the fourth quarter of FY26. The board of directors convened on 30th April, 2026, to address the unauthorized transaction and implement corrective actions in line with regulatory requirements.

Trading Window Violation Details

The violation involved M/s Upendra Singh Construction Private Limited, a member of the promoter group, who executed a sale of equity shares during the closure of the trading window for the quarter ended 31st March, 2026. This transaction contravened the company's Code of Conduct for Prevention of Insider Trading and applicable regulatory frameworks.

Parameter: Details Violating Entity: M/s Upendra Singh Construction Private Limited Transaction Type: Sale of equity shares Violation Period: Trading window closure for Q4 FY26 Quarter End Date: 31st March, 2026

Board's Disciplinary Response

Following deliberation on the circumstances surrounding the unauthorized trade, the board of directors has implemented a two-pronged disciplinary approach. The company has issued a formal warning to the concerned promoter group member and imposed additional trading restrictions to prevent future violations.

Action Taken: Specification Warning: Formal warning issued Trading Ban: Six months from 30th April, 2026 Scope: All securities transactions of the company Effective Date: Immediate implementation

Regulatory Compliance Commitment

The board has emphasized its commitment to ensuring strict adherence to all applicable laws, regulations, and internal policies governing trading in securities. This action demonstrates the company's proactive approach to maintaining regulatory compliance and corporate governance standards.

Board Meeting Timeline

The board meeting addressing this matter commenced at 04:00 p.m. and concluded at 06:00 p.m. on 30th April, 2026. The company secretary, Neha Saraf, digitally signed the official communication at 18:00:32 on the same date, ensuring prompt disclosure to the stock exchanges.

This incident highlights the importance of strict compliance with insider trading regulations and the company's commitment to maintaining transparency in its corporate governance practices.

Twamev Construction & Infrastructure Limited has announced the sad demise of its Independent Director Mr. Santanu Ray, who passed away on April 18, 2026. The company informed the BSE and NSE about this development through a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Details and Cessation

The company provided formal notification of the directorship changes as required under regulatory guidelines. The details of the cessation have been documented in compliance with SEBI circular requirements.

Particulars Details Director Name Prof. Santanu Ray DIN 00642736 Position Independent Director Reason for Change Death Cessation Date April 18, 2026 Filing Date April 23, 2026

Company's Tribute

In its official communication, Twamev Construction expressed that Mr. Ray had been associated with the company for several years and made invaluable contributions through his guidance, wisdom and deep understanding of governance and financial oversight. The company described his passing as an irreparable loss and extended its deep condolences to the bereaved family.

Regulatory Compliance

The intimation was filed pursuant to Regulation 30 of the SEBI LODR Regulations, 2015, read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Company Secretary Neha Saraf (Mem No. A52479) signed the regulatory filing on behalf of the company.

About the Company

Twamev Construction and Infrastructure Limited, formerly known as Tantia Constructions Limited, is listed on both BSE (Scrip Code: 532738) and NSE (Symbol: TICL). The company operates from its registered office in Salt Lake City, Kolkata, with additional offices in Delhi and a corporate office in Martin Burn Business Park, Kolkata.

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