Team India Guaranty Limited has scheduled its 36th Annual General Meeting for September 21, 2026, seeking shareholder approval for a significant increase in borrowing powers to ₹200 crore. The move aims to support the company's expanding lending operations and working capital requirements.

The Board also proposes two material related-party transactions involving unsecured inter-corporate deposits of up to ₹25 crore each from Team India Managers Limited and New Berry Advisors Limited, both at an interest rate of 9% per annum.

Financial Performance for FY26

For the financial year ended March 31, 2026, the company reported a net profit after tax and other comprehensive income of ₹76.40 lakh, down significantly from ₹233.62 lakh in the previous year. This decline was primarily driven by a sharp increase in operational, administrative, and other business-related expenses.

Revenue from operations rose to ₹520.00 lakh from ₹352.93 lakh in FY25, reflecting the commencement of lending activities during the year. However, total expenses surged to ₹410.79 lakh compared to ₹88.93 lakh previously, compressing margins.

What the Numbers Show

The proposed related-party borrowings highlight a substantial funding dependency relative to the company's current scale. Based on the audited annual turnover of ₹5.20 crore for FY25-26, each proposed transaction of ₹25 crore represents approximately 480.77% of the annual turnover. This indicates that the proposed liquidity infusion is significantly larger than the company's existing revenue base, underscoring the strategic importance of these capital injections for its operational expansion.

Board Changes and Governance

The AGM agenda includes the re-appointment of Mr. Surajkumar Saraogi as a director, who retires by rotation. Additionally, shareholders are asked to approve the regularization of Mr. Anil Poddar's appointment as a Non-Executive Independent Director for a five-year term commencing August 14, 2026.

Mr. Sanjiv Swarup was appointed as Chairman and Non-Executive Independent Director with effect from May 29, 2026, following the resignation of Mr. Ashok Anant Paranjpe on the same date.

Voting Details

Shareholders holding shares as on September 14, 2026, are eligible to vote. Remote e-voting will be available from September 16, 2026, to September 20, 2026. The results will be declared within two working days of the meeting's conclusion.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE289C01025/117db891-2152-4ed4-88fd-6a9255fd4f1c.pdf

Team India Guaranty Limited shareholders have approved the regularization of the appointment of Mr. Sanjiv Swarup (DIN: 00132716) as Non-Executive Independent Director. The company declared the results of the postal ballot on August 17, 2026, following the conclusion of the remote e-voting period on August 16, 2026.

The special resolution was passed with overwhelming support, reflecting strong backing from both promoter and institutional stakeholders. The voting process was conducted in compliance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Voting Breakdown

The total number of shares held by eligible shareholders on the record date was 89,93,149. A total of 69,29,342 votes were polled, representing a participation rate of 77.05% of outstanding shares. Of these, 69,29,267 votes were cast in favor, while only 75 votes were against.

Promoters and promoter group members, who hold 67,37,423 shares, participated fully with a 100% turnout, casting all their votes in favor. Public institutions also showed high engagement, with a 97.52% participation rate and unanimous support for the resolution.

Retail Participation

Retail participation remained low, with public non-institutional shareholders polling just 5,014 votes out of 20,64,017 eligible shares, resulting in a 0.24% participation rate. Among these retail votes, 98.5% were in favor, while 1.49% (75 votes) were against the resolution.

What the Numbers Show

The voting pattern highlights a distinct divergence in engagement levels between institutional/promoter shareholders and retail investors. While promoters and institutions demonstrated near-total alignment and participation, the negligible retail turnout suggests limited active monitoring or interest from individual shareholders regarding this specific governance matter. The unanimous support from controlling stakeholders ensures the regularization proceeds without internal dissent.

Scrutinizer Report

M/s. Aabid & Co., Company Secretaries, acted as the scrutinizer for the postal ballot. CS Mohammed Aabid (FCS No. 6579) confirmed that the e-voting process was conducted fairly and transparently via Central Depository Services Limited (CDSL). The scrutinizer’s report, dated August 17, 2026, verified that the requisite majority was achieved, validating the passage of the special resolution.