TITAGARH RAIL SYSTEMS LIMITED has informed the stock exchanges that no new encumbrance was created on promoter and promoter group shareholdings during the financial year ended March 31, 2026, as per a disclosure filed under the SEBI Takeover Regulations.
The disclosure was submitted through Titagarh Capital Management Services Private Limited, a promoter entity, on behalf of the entire promoter group and persons acting in concert. One previously reported encumbrance continues to subsist — promoter Vinita Bajoria holds 32,000 shares under continuing encumbrance as of the financial year-end.
As of March 31, 2026, the promoter and promoter group collectively held 5,44,86,861 equity shares of Titagarh Rail Systems, amounting to 40.46 per cent of the total paid-up equity share capital of the company.
Titagarh Capital Management Services Private Limited was the largest promoter entity with 2,40,71,588 shares, or 17.87 per cent. Chowdhary Foundation Trust held 1,82,01,875 shares representing 13.52 per cent, while promoter group member Rashmi Chowdhary owned 1,01,22,630 shares or 7.52 per cent.
Among individual promoters, Umesh Chowdhary held 77,530 shares (0.06 per cent) and Jagdish Prasad Chowdhary owned 70,700 shares (0.05 per cent). Promoter group entity Titagarh Logistics Infrastructures Private Limited held 19,08,487 shares or 1.42 per cent. Other promoter group members reported nominal or zero shareholdings.
The annual disclosure was made under Regulation 31(4) of the SEBI Substantial Acquisition of Shares and Takeovers Regulations, 2011, which requires promoters to report encumbrance details on their shareholding for each financial year.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.