Jasodeb Chakraborty Resigns as CEO of Twamev Construction

KOLKATA — Infrastructure engineering company Twamev Construction and Infrastructure Limited announced today that its Chief Executive Officer, Jasodeb Chakraborty, has officially resigned from his position. The corporate leadership transition occurs at a crucial moment for the Kolkata-headquartered firm, which is currently restructuring its executive operations following the completion of its 2026 financial year results.

Executive Transition in the Capital Goods Sector

According to statutory corporate disclosures submitted to the Bombay Stock Exchange, the departure of Jasodeb Chakraborty concludes a tenure that began during the company's comprehensive corporate restructuring phase.

Chakraborty, an MBA graduate who previously managed operations at Energy Development Company Limited, stepped into the executive suite after the firm transitioned from its former identity, Tantia Constructions Limited. The board of directors confirmed that the search for a succeeding chief executive officer is underway, with senior operational committees handling day-to-day oversight in the interim.

Tracking Financial Performance and Market Positions

The managerial shift follows the official release of the company's full-year earnings data for the fiscal period ending March 2026. The latest financial data reveals an operational landscape marked by tightening margins despite structural stabilization:

• Net Revenue: Reported at ₹685.5 million (₹68.55 crore), representing a contraction of 19% compared to the previous fiscal year's baseline.

• Net Income: Closed at ₹76.5 million, reflecting a net profit margin of approximately 11% for the full year.

• Asset Footprint: Total corporate assets rose marginally to ₹548.1 million, stabilizing the company's balance sheet parameters.

Market performance indicators show that the stock, traded under ticker symbol 532738 on the Bombay Stock Exchange, closed at ₹14.60 per share, reflecting the broader volatility experienced across small-cap civil engineering equities in recent months.

Corporate Background

Originally founded in 1964 as Tantia Constructions, the firm underwent an extensive National Company Law Tribunal (NCLT) resolution process. The new promoter group conclusively assumed operational command in June 2023, rebranding the entity as Twamev Construction and Infrastructure Limited to target modernized civil contracts.

Impact on Operations, Infrastructure Projects, and Investors

The departure of a chief executive requires careful execution in asset-heavy industries like civil construction. Twamev's core business model relies heavily on long-gestation public and private sector contracts distributed across six primary infrastructural pillars:

1. Transport Infrastructure: Execution of specialized railway networks, highway corridors, and multi-span bridges.

2. Urban Development: Localized infrastructure, municipal drainage systems, and industrial building fabrications.

3. Marine and Aviation: Specialist concrete works, aviation runways, and port-side structural foundations.

For retail and institutional investors, the primary focus moves toward the company's debtor cycle—which currently stands at an elevated average of 343 days—and whether the incoming leadership can optimize operating cash flows to better service existing project debt.

Official Corporate Disclosures

The leadership change has been systematically filed with regional regulatory registries under standard compliance frameworks.

Board Review and Filings

According to the official statutory filings countersigned by the company secretariat at the Salt Lake City corporate office in Kolkata, the resignation was tendered in accordance with standard notice guidelines.

Corporate Management Outlook

In official investor communication materials, representatives stated:

"The organizational layout remains structurally aligned to execute our current order book. The project delivery timelines for active road, railway, and municipal construction sites continue to operate under their respective regional engineering heads without operational interruption."

Why It Matters

For subcontractors, field engineers, and financial stakeholders, executive departures require close monitoring to ensure continuity in project funding and contract execution. The primary task for Twamev's next CEO will be addressing high asset-turnover timelines and converting the company's stable order book into consistent, positive cash flow from operations.

Key Facts at a Glance

• Executive Shift: Chief Executive Officer Jasodeb Chakraborty has formally stepped down from his leadership role at the company.

• Corporate Identity: The company operates under its restructured corporate banner following its successful transition from Tantia Constructions.

• Financial Footprint: The firm recorded total revenues of ₹685.5 million for the full fiscal year concluded in 2026.

• Operational Core: Main project workflows remain centered on key infrastructure verticals including railways, urban roads, and marine projects.

Frequently Asked Questions (FAQ)

Who is replacing Jasodeb Chakraborty as the CEO of Twamev Construction?

The board of directors has not yet announced a permanent successor. Temporary oversight of active infrastructure portfolios is being managed by internal executive committees.

What was the historical background of Twamev Construction and Infrastructure Ltd?

The enterprise previously operated as Tantia Constructions Limited until a new management group took control through an NCLT resolution plan in mid-2023.

Where are the primary operational headquarters of the firm located?

The central corporate and administrative operations of Twamev Construction are located in Salt Lake City, Kolkata, West Bengal.

Sources:

• Bombay Stock Exchange Corporate Compliance Feed

• Twamev Construction and Infrastructure Investor Relations Office

• Ministry of Corporate Affairs Registry Records