Details of Proposed Share Sale
Total Shares Proposed for Sale: 1,30,00,000 equity shares of face value Re. 1/- each
Percentage of Total Equity: 8.40% of total paid-up equity share capital
Breakdown by Selling Entities:
- Mr. Ravi Todi (Promoter): 1,10,00,000 shares (7.10% of equity)
- Ms Ravi Todi HUF (Promoter Group): 10,00,000 shares (0.65% of equity)
- Ms Nadia Security Printing & Stationery Co. Pvt Ltd. (Promoter Group): 10,00,000 shares (0.65% of equity)
Purpose of Sale
To achieve Minimum Public Shareholding (MPS) requirements as mandated under:
- Rule 19(2)(b) and Rule 19A of the Securities Contracts (Regulation) Rules, 1957 (SCRR)
- Regulation 38 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- SEBI Circular No. SEBI/HO/CFD/POD2/P/CIR/2023/18 dated February 3, 2023
Transaction Timeline
Sale Period: Commencing from Wednesday, 23rd September, 2026 till Friday, 25th September, 2026
Or: Until actual sale of proposed shares, whichever is earlier
Regulatory Compliance Undertakings
The Promoter and Promoter Group have provided written undertakings dated 22nd September, 2026 stating:
- They shall not purchase any equity shares of the Company in the open market on the dates of the proposed sale
- The transaction will comply with SEBI (Prohibition of Insider Trading) Regulations, 2015
- The transaction will comply with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Additional Information
The company will ensure compliance with all applicable provisions of securities regulations for this transaction. The disclosure is made to both BSE Limited and National Stock Exchange of India Limited.
#Tags: #TwamevConstruction #MPS #PromoterSale #SEBIDisclosure #RegulatoryCompliance #Neutral