Team India Guaranty Limited has informed the exchanges regarding the resignation of its Non-Executive Independent Director, Mr. Ashok Anant Paranjpe. The resignation, tendered via email on May 20, 2026, becomes effective from the close of business hours on May 29, 2026. The director cited personal and professional commitments as the reason for his departure.

As a result of this resignation, Mr. Paranjpe will vacate his position as the Chairperson of the Board and the Chairperson of the Audit Committee. Additionally, he will cease to be a member of the Nomination and Remuneration Committee, the Corporate Social Responsibility Committee, and the Stakeholders Relationship Committee of the company, effective from the same date.

The company confirmed that there are no other material reasons for the resignation other than those stated in the director's email. Mr. Paranjpe also confirmed that he does not hold directorships in any other listed entities. The necessary filings and intimations will be made with the Registrar of Companies and stock exchanges.

Resignation Details

Committee Positions Vacated

Mr. Paranjpe held significant leadership roles within the board's committees prior to his resignation. His departure necessitates changes in the composition of these governance bodies.

• Chairperson of the Board
• Chairperson of the Audit Committee
• Member of the Nomination and Remuneration Committee
• Member of the Corporate Social Responsibility Committee
• Member of the Stakeholders Relationship Committee

Team India Guaranty Limited has submitted its mandatory initial disclosure to stock exchanges, confirming that it does not qualify as a Large Corporate entity under SEBI's framework for fund raising through debt securities issuance. The disclosure, dated April 16, 2026, was filed in compliance with regulatory requirements outlined in SEBI's operational circulars.

Regulatory Compliance Status

The company confirmed its non-Large Corporate status as on March 31, 2026, under the framework established by SEBI Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021, and the subsequent circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023. These circulars govern fund raising by issuance of debt securities by large entities and establish criteria for identifying Large Corporate entities.

Financial Position Disclosure

As part of the mandatory disclosure format, Team India Guaranty Limited provided key financial details in a structured format:

The company reported NIL outstanding borrowings as on March 31, 2026, which is a significant factor in determining its classification under the SEBI framework. The absence of outstanding borrowings means that provisions related to credit ratings and potential stock exchange fines for shortfall in required borrowing are not applicable to the company.

Corporate Information

Team India Guaranty Limited, formerly known as Times Guaranty Limited, operates from its registered office in Mumbai. The company is incorporated under CIN L65920MH1989PLC054398 and is listed on both BSE Limited (Scrip Code: 511559) and National Stock Exchange of India Limited (Scrip Code: TEAMGTY).

Compliance Framework

The SEBI framework requires entities to make initial disclosures regarding their Large Corporate status, particularly focusing on their borrowing patterns and credit profiles. Companies that meet specific criteria related to outstanding borrowings and credit ratings are classified as Large Corporate entities and must comply with additional regulatory requirements for debt securities issuance.

The disclosure was signed by Company Secretary and Compliance Officer Aarti Pandey and Chief Financial Officer Manoj Agrawal, ensuring proper authorization and compliance with corporate governance requirements. This filing demonstrates the company's commitment to maintaining transparency and adhering to regulatory obligations under SEBI's debt securities framework.