Twamev Construction and Infrastructure Limited submitted a regulatory disclosure to BSE Limited and National Stock Exchange of India Limited, apologizing for the delayed intimation of the resignation of its Chief Operating Officer (COO). The resignation was effective from the close of business hours on October 31, 2025, but the disclosure was only made on July 3, 2026, resulting in a significant delay.
The delay was attributed to an inadvertent error by the Compliance Officer, who was unaware that the resignation of a key managerial personnel like the COO must be reported to the stock exchanges within 24 hours of the event, as mandated under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company emphasized that this omission was unintentional and not deliberate, with no intention to withhold material information.
Twamev assured that necessary internal measures have been implemented to ensure strict compliance with all applicable provisions of the SEBI LODR Regulations in the future, preventing any recurrence of such instances. The letter, signed by Company Secretary Neha Saraf (Membership No. A52479), requests the stock exchanges to take the explanation on record and condone the delay.
Impact
No financial impact is quantified or mentioned in the disclosure; the issue is solely related to regulatory compliance and timely disclosure.