TITAGARH RAIL SYSTEMS LIMITED — Others, 25-06-2025: Disclosure under SEBI Takeover Regulations

Titagarh Capital Management Services Private Limited, a promoter of Titagarh Rail Systems, has confirmed that no new encumbrances were created on promoter shareholdings during the financial year ending March 2025, except for an existing encumbrance by Vinita Bajoria from the previous year. The promoter group holds significant stakes through various entities and individuals, with Titagarh Capital Management Services Pvt Ltd holding over 2.4 crore shares and Chowdhary Foundation Trust holding over 1.8 crore shares, indicating consolidated promoter control without fresh liens affecting the shareholding structure. This stability supports shareholder confidence in promoter commitment.