Total Transport Systems Limited reported a decline in its financial performance for the year ended March 31, 2026, with net profit falling to ₹709.70 lakh from ₹1,129.45 lakh in the prior year. The company's board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, alongside a strategic decision to divest its entire shareholding in a subsidiary. The statutory auditors, M. P. Chitale & Co., issued an unmodified opinion on the financial results.

Revenue from operations for the year stood at ₹50,450.36 lakh, a decrease from ₹55,636.72 lakh in FY25. For the quarter ended March 31, 2026, the company recorded a net profit of ₹43.00 lakh, significantly lower than the ₹365.89 lakh reported in the corresponding quarter of the previous year. Total income for the quarter was ₹12,670.06 lakh. The board also approved the draft Statutory Auditor's Report pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

In a major corporate development, the board approved the disinvestment of the entire 60% stake held by the company in R N Freight Forwarders Private Limited. Consequent to this sale, the entity will cease to be a subsidiary of Total Transport Systems Limited. The total consideration for the disinvestment is ₹2.46 lakh, which will be received in a single tranche. The buyer, Mr. Rajesh Sharma, is a shareholder and director on the board of R N Freight Forwarders Private Limited and does not belong to the promoter group of the company. The transaction qualifies as a related party transaction.

The subsidiary being divested contributed a turnover of ₹546.31 lakh, which accounted for 0.88% of the consolidated turnover, and had a negative net worth of ₹70.93 lakh for the financial year 2025-26. The expected date of completion for the disinvestment is June 30, 2026. The company clarified that no agreement for sale had been entered into at the time of the intimation.

The trading window for dealing in the company's shares was closed from April 01, 2026, for all directors, key managerial personnel, and designated employees. The window will remain closed until 48 hours after the declaration of the audited standalone and consolidated financial results, in accordance with SEBI (Prohibition of Insider Trading) Regulation, 2015. The company also rectified an inadvertent error in its initial submission to the exchange, where limited review reports were attached instead of audit reports; the correct audit reports were submitted on June 20, 2026.

Financial Performance Summary

Total Transport Systems Limited has called off the proposed sale of up to 81% of its shareholding in OneWorld Logistics Private Limited after the buyer failed to meet necessary conditions. The company informed the exchanges on May 30, 2026, that the disinvestment transaction could not be consummated because Moreshwar Corporation did not fulfil certain obligations contemplated under the term sheet within the agreed timelines. Consequently, the special resolution passed on January 05, 2026, authorizing the sale will not be acted upon as the underlying transaction is no longer being pursued.

Background of the Transaction

The company had previously intimated the exchanges regarding the proposed disinvestment on December 04, 2025, and January 05, 2026. OneWorld Logistics Private Limited is a wholly owned material subsidiary of Total Transport Systems Limited. The transaction aimed to divest up to 81% of the company's stake in this subsidiary to Moreshwar Corporation.

Reasons for Non-Consummation

The failure to complete the deal stems from the buyer's inability to satisfy specific conditions and obligations outlined in the term sheet. These conditions were required to be met within mutually agreed timelines. Since these prerequisites were not fulfilled, the agreement to proceed with the disinvestment was rendered void, leading to the decision to abandon the transaction.