Total Transport Systems Limited has informed the Exchange regarding outcome of Postal Ballot
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Total Transport Systems Limited (TTSL) has received shareholder approval via postal ballot to sell up to 81% of its stake in OneWorld Logistics Private Limited (OWL), a wholly owned material subsidiary. OWL contributed ₹10,363.80 lakhs (16% of consolidated turnover) and ₹273.73 lakhs in net worth in FY25. The total deal consideration is ₹75 crores, to be received in tranches, with the buyer being Moreshwar Corporation, an unrelated partnership firm in the shipping and logistics business. A binding term sheet was already signed on December 4, 2025, and the deal is expected to close by May 30, 2026. The transaction is not a related party deal and not a slump sale.
TTSL is exiting a subsidiary that contributed 16% of its consolidated revenue, which will significantly reshape the company's business mix and reduce revenue scale. The ₹75 crore inflow provides cash that could be used to reduce debt, invest in core operations, or return to shareholders, though loss of a sizable revenue contributor may be a near-term concern for investors.