Shrikant Damodar Nibandhe has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Shrikant Damodar Nibandhe, on behalf of all promoters and promoter group of Total Transport Systems Limited, has submitted a declaration confirming that no shares of the company were encumbered (pledged, liened, or subject to any restriction) during the financial year ended March 31, 2026. The disclosure covers 3 individual promoters and 23 promoter group entities, including corporate entities such as Jag Software Solution Pvt Ltd and WSA Shipping Bombay Private Limited. All 26 entities listed in Annexure A show zero shares encumbered. This is a routine regulatory compliance filing under SEBI's takeover regulations.
A clean encumbrance disclosure with zero pledged shares is a positive signal for investors, indicating promoters have not leveraged their holdings and there are no hidden encumbrances that could dilute promoter stake unexpectedly.