Promoters of Team India Guaranty Ltd have declared that their shareholdings in the company are free of any encumbrance for the financial year ended March 31, 2026. The disclosures, submitted to BSE Limited and National Stock Exchange of India Ltd, confirm that no shares were pledged or charged directly or indirectly during FY26. These filings were made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Team India Managers Ltd, a promoter of the target company, confirmed it holds 40,75,024 equity shares as of March 31, 2026. Additionally, promoter Sharada Saraogi declared a holding of 8,96,399 equity shares as of the same date. Both declarations cover the promoters' holdings along with persons acting in concert.

Shareholding Details

The filings provide specific details regarding the promoters' shareholding status as of the specified date.

The communication from Team India Managers Ltd was signed by Director Shiv Kumar Kanodia, while the declaration from Sharada Saraogi was signed by the promoter personally. The target company, formerly known as Times Guaranty Limited, is listed on BSE with scrip code 511559 and on NSE with the symbol TEAMGTY. The exchanges have been requested to place the disclosures on record.

Team India Guaranty reported a 69.5% decline in net profit to ₹71.67 crore for the financial year ended March 31, 2026, down from ₹234.70 crore in the previous year. Total income increased to ₹549.50 crore from ₹370.46 crore in FY25, driven by higher interest income which rose to ₹469.65 crore from ₹331.82 crore. The company's net worth stood at ₹4,853.15 crore as of March 31, 2026.

Financial Performance

For the quarter ended March 31, 2026, the company reported a net loss of ₹68.57 crore, compared to a net profit of ₹71.91 crore in the same quarter of the previous year. Total revenue from operations for the quarter was ₹155.51 crore. Total expenses for the year increased significantly to ₹410.79 crore from ₹88.93 crore in the prior year, primarily due to a rise in employee benefit expenses to ₹179.48 crore and other expenses to ₹205.70 crore.

Board and Governance Changes

The Board of Directors appointed Mr. Sanjiv Swarup as an Additional Director in the category of Non-Executive Independent Director for a term of five years effective May 29, 2026, subject to shareholder approval. Mr. Sanjiv Swarup is a qualified Chartered Accountant and Lawyer with over 45 years of experience in corporate governance, management consulting, strategic advisory, and business administration. He is not related to any Director(s) of the Company. Concurrently, Mr. Ashok Anant Paranjpe resigned as Non-Executive Independent Director effective the close of business hours on May 29, 2026, citing increased professional and personal commitments. Following these changes, the board reconstituted its committees, including the Audit Committee and Nomination and Remuneration Committee, effective May 29, 2026.

Operational and Administrative Updates

The board approved the shifting of the registered office from A-602 to A-201, Marathon NextGen Innova, within the same city limits of Lower Parel, Mumbai, effective May 29, 2026. Additionally, M/s Raju and Prasad, Chartered Accountants, were appointed as Internal Auditors for the financial year 2026-27. The statutory auditors, V. B. Goel & Co., issued an unmodified opinion on the audited standalone financial results.