Twamev Construction's promoter, Mr. Ravi Todi, will sell 30 lakh shares (1.94%) by June 2026 to meet SEBI's minimum public shareholding rules. This is a regulatory step, not a business change.
Twamev Construction Promoter Sells 1.94% Stake to Meet SEBI Rules
Promoter Mr. Ravi Todi to sell 30,00,000 shares, representing 1.94% stake. Sale period set for June 22, 2026, to June 30, 2026. Reader Takeaway: Promoter selling shares to meet SEBI compliance, potential short-term supply increase. ## What just happened Mr. Ravi Todi, a promoter of Twamev Construction and Infrastructure Limited, plans to sell 30,00,000 equity shares. This divestment amounts to 1.94% of the company's total paid-up equity capital. The sale is scheduled to occur between June 22, 2026, and June 30, 2026. ## Why this matters This transaction is being undertaken to comply with SEBI's Minimum Public Shareholding (MPS) regulations. Specifically, Rule 19A of the Securities Contracts (Regulation) Rules, 1957, and Regulation 38 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, mandate a minimum public float for listed companies. The promoter has provided an undertaking not to purchase shares in the open market during the sale period. ## The backstory SEBI mandates that listed companies maintain a certain percentage of their shares held by the public, separate from promoter holdings. This is to ensure liquidity and broader investor participation. ## What changes now This sale is a step towards achieving the required public shareholding percentage. However, the company itself has indicated that this transaction alone will not fulfill the entire MPS obligation. This suggests that further divestment by promoters might occur in the future. ## Risks to watch One immediate concern is the increased supply of shares in the market during the sale period, which could potentially impact the stock price negatively in the short term. Additionally, investors should be aware that more compliance-driven sales may follow. ## Peer comparison Similar promoter stake sales for MPS compliance are common across Indian listed companies as they approach regulatory deadlines. ## Context metrics * **Shares to be Sold:** 30,00,000 * **Stake to be Sold:** 1.94% * **Sale Period:** June 22, 2026 – June 30, 2026 ## What to track next Investors should monitor future company announcements regarding the progress of MPS compliance and any further divestment plans by the promoters.
