Total Transport Systems Limited has informed the Exchange about Sale or disposal
TOTAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Total Transport Systems Limited's Board approved two key items on May 21, 2026. First, the audited standalone financial results for FY2025-26 showed revenue of INR 50,450.36 Lakhs (down 9.3% from INR 55,636.72 Lakhs) and net profit of INR 709.70 Lakhs (down 37% from INR 1,129.45 Lakhs). Second, the Board approved disinvestment of the entire 60% stake held in subsidiary R N Freight Forwarders Private Limited. This subsidiary contributed only INR 546.31 Lakhs turnover (0.88% of consolidated) and had negative net worth of INR -70.93 Lakhs. The sale to Mr. Rajesh Sharma (a director of the subsidiary) for INR 2.46 Lakhs is expected to complete by June 30, 2026. The transaction qualifies as a Related Party Transaction but is not part of any NCLT scheme. After the sale, R N Freight will cease to be a subsidiary.
The disinvestment removes a loss-making subsidiary with negative net worth from the group, with minimal financial impact given its small contribution. The weak standalone profit performance (37% decline) may weigh on sentiment, though the clean exit from a non-performing asset is positive.