Team India Guaranty Limited (TEAMGTY) has taken a significant step towards expanding its shareholder base and raising capital through a preferential issue of equity shares. At the company's Annual General Meeting (AGM) held on September 12, 2025, shareholders approved the issuance of 22,48,270 equity shares on a preferential basis for consideration other than cash.

Key Details of the Preferential Issue

Pricing and Compliance

The issue price of INR 285.00 per share was determined based on volume-weighted average prices, with a floor price set at INR 277.04 per equity share. This pricing is in accordance with the Securities and Exchange Board of India (SEBI) regulations for preferential issues.

Major Allocations

Some of the significant allocations in this preferential issue include:

1. Curesense Therapeutics Private Ltd: 7,21,955 shares (6.42% stake)
2. Amit Tewary: 6,57,783 shares (5.85% stake)
3. Ajit Sinha: 5,43,936 shares (4.84% stake)

Additional AGM Proceedings

The 35th AGM of Team India Guaranty Limited also addressed other important matters:

1. Auditor Appointment: Shareholders approved the appointment of M/s. V.B. Goel & Co., Chartered Accountants (FRN: 115906W) as the Statutory Auditors for a period of five years.

2. Financial Statements: The audited financial statements for the year ended March 31, 2025, along with the reports of the Board of Directors and Auditors, were considered for adoption.

3. Director Reappointment: Mr. Satish Maruti Mangutkar (DIN: 10463913) was considered for reappointment as a director, retiring by rotation.

4. Secretarial Auditor: The appointment of M/s. Aabid & Co. Company Secretaries as Secretarial Auditors for five consecutive years was proposed.

Management Commentary

Mr. Ashok Paranjpe, Independent Director and Chairman of the Board, chaired the meeting and provided an overview of global and domestic economic conditions, as well as the company's operational and financial performance for the fiscal year 2024-25.

Investor Interaction

The company accepted and addressed multiple requests from shareholders to speak at the AGM, with Mr. Surajkumar Saraogi, a director of the company, responding to their views and queries.

Conclusion

The preferential issue of equity shares marks a significant development for Team India Guaranty Limited, potentially strengthening its capital base and bringing in new strategic investors. Shareholders and potential investors are advised to monitor the company's website and stock exchange filings for any further updates or clarifications regarding this issue and other material developments.

Team India Guaranty Limited (TIGL) has reported a significant downturn in its financial performance for the first quarter. The company's latest financial results reveal a substantial decline in revenue and a shift from profit to loss compared to the same period last year.

Revenue Plummets

TIGL reported a total income of Rs. 6.84 crore for Q1, marking a steep 78.5% decrease from Rs. 31.85 crore in the same quarter of the previous fiscal year. This dramatic decline in revenue highlights the challenges faced by the company in maintaining its income streams during the quarter.

Profitability Takes a Hit

The company's bottom line saw a significant reversal, swinging from a net profit of Rs. 28.70 crore to a net loss of Rs. 3.99 crore in the current quarter. This shift into loss-making territory underscores the financial pressures TIGL is currently facing.

Earnings Per Share Declines

Reflecting the overall financial performance, TIGL's earnings per share (EPS) declined sharply by 84.6%, dropping to Rs. 0.04 from Rs. 0.26 in the same quarter of the previous fiscal year.

Sequential Improvement

Despite the year-over-year decline, TIGL showed some signs of recovery on a sequential basis. The company's revenue improved from Rs. 1.54 crore in the previous quarter to Rs. 6.84 crore in the current quarter, indicating quarter-on-quarter growth. Additionally, net losses reduced from Rs. 23.29 crore to Rs. 3.99 crore, suggesting some stabilization in the company's financial position.

Historical Performance Context

Looking at the company's historical performance, TIGL had shown positive trends in the recent past. The annual income statement data for the previous fiscal year revealed:

However, the latest quarterly results indicate a significant deviation from this growth trajectory, highlighting the volatile nature of the company's business environment.

Conclusion

Team India Guaranty Limited's Q1 results paint a picture of a company facing substantial headwinds. The sharp decline in revenue and the swing to a net loss position are concerning developments for investors and stakeholders. While the sequential improvement from the previous quarter offers a glimmer of hope, the company will need to address the factors behind the year-over-year decline to regain its footing in the market. Stakeholders will be keenly watching TIGL's performance in the coming quarters for signs of a sustained recovery.