Total Transport Systems Limited has informed the Exchange about Diversification/Disinvestment
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Total Transport Systems Limited has received shareholder approval (via postal ballot) to sell up to 81% of its stake in OneWorld Logistics Private Limited, a wholly owned material subsidiary. The subsidiary contributed 16% of consolidated turnover (INR 103.64 crore) and 3.28% of net worth (INR 2.74 crore) in FY25. The company has signed a binding term sheet on December 4, 2025, with the sale expected to be completed by May 30, 2026. The buyer is Moreshwar Corporation, a partnership firm engaged in shipping, logistics and trading, and is not related to the promoter group. Total consideration is INR 75 crore, to be received in tranches.
The deal brings in INR 75 crore of cash inflow but the company is exiting a subsidiary that contributed meaningfully to consolidated revenue (16%), which could reduce future top-line. The non-related party nature of the buyer and phased payment structure may reassure investors, while execution risk remains until May 2026 completion.