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.

Team India Guaranty Limited has initiated a postal ballot process to seek shareholder approval on proposed resolutions through remote e-voting. The company has engaged Central Depository Services (India) Limited (CDSL) to facilitate the electronic voting process, ensuring compliance with the Companies Act, 2013, and relevant SEBI regulations.

The remote e-voting facility is available to members holding shares in either physical or dematerialised form as of the cut-off date, July 14, 2026. The voting period commences at 9:00 a.m. on July 18, 2026, and concludes at 5:00 p.m. on August 16, 2026. M/s. Abid & Co., Company Secretaries, have been appointed as the scrutinizer to oversee the process.

Key Dates for Postal Ballot

The company completed the dispatch of the postal ballot notice on July 16, 2026, to shareholders whose email addresses are registered with the company, depository participants, or its registrar and share transfer agent, MUFGS Intime India Private Limited. The notice is also available on the company's website and the websites of BSE Limited and National Stock Exchange of India Limited.