Key Resolutions

Item No. 1: Approval of Material Related Party Transaction with Team India Managers Limited

  • Type of Resolution: Ordinary Resolution
  • Related Party: Team India Managers Limited (Promoter shareholder)
  • Transaction Type: Availing or receiving corporate guarantees, mortgages, pledges, hypothecation, charges, liens, collateral security or other credit support
  • Purpose: To secure loans, borrowings and credit facilities of the Company from banks, financial institutions, NBFCs or other eligible lenders
  • Limit: Within overall borrowing limit of ₹200 Crores approved by members in 36th AGM
  • Approval Period: 1 year from shareholder approval date

Item No. 2: Approval of Material Related Party Transaction with Mr. Surajkumar Saraogi

  • Type of Resolution: Ordinary Resolution
  • Related Party: Mr. Surajkumar Saraogi (Director and Promoter shareholder)
  • Transaction Type: Availing or receiving personal guarantees, security and other credit support
  • Purpose: To secure Company's borrowings from banks, financial institutions, NBFCs or other eligible lenders
  • Limit: Within overall borrowing limit of ₹200 Crores
  • Approval Period: 1 year from shareholder approval date

Financial Details

  • Overall Borrowing Limit: ₹200 Crores (approved in 36th AGM held on September 21, 2026)
  • Company's Annual Turnover (FY 2025-26): ₹5.20 Crore
  • Proposed Transaction Value as % of Turnover: 3,846.15% (₹200 crore vs ₹5.20 crore)
  • Team India Managers Limited Financials (FY 2025-26): Turnover ₹2,29,418, Profit After Tax ₹(7,00,149), Net Worth ₹(5,44,644)
  • No guarantee commission, security fee or other consideration payable by the Company to related parties

Voting Details

  • Cut-off Date for Eligibility: Friday, October 23, 2026
  • E-voting Commencement: Thursday, October 29, 2026 at 9:00 AM IST
  • E-voting Conclusion: Sunday, November 29, 2026 at 5:00 PM IST
  • E-voting Service Provider: Central Depository Services (India) Limited (CDSL)
  • Scrutinizer: M/s. Aabid & Co., Company Secretaries
  • Result Declaration: Within 48 hours of e-voting conclusion

Company Background

Team India Guaranty Limited is a Non-Banking Financial Company registered with RBI engaged in lending and financing activities.

Related Party Information

Team India Managers Limited:

  • Promoter shareholder of the Company
  • Business: Franchise development, business partnerships, joint ventures, entrepreneurship promotion, algorithmic and high-frequency trading
  • Shareholding in TIGL: Mr. Surajkumar Saraogi (23.09%), Ms. Niru Kanodia (1.00%)

Mr. Surajkumar Saraogi:

  • Director and Promoter shareholder of the Company
  • Also Promoter of Team India Managers Limited

Transaction Justification

The proposed guarantees and security would facilitate the Company's access to funding from lenders, strengthen credit support for borrowing facilities, and assist in meeting the Company's lending and business requirements.

Interested Parties

  • Mr. Surajkumar Saraogi (Director and Promoter) - directly interested
  • Ms. Niru Kanodia (CEO) - indirectly interested (1% shareholding in TIML)
  • Mr. Karan Saraogi and Ms. Sharda Saraogi (Promoters) - may be deemed indirectly interested

Documents Available

Postal Ballot Notice available on company website (https://teamindiaguarantylimited.com), BSE website (www.bseindia.com), NSE website (www.nseindia.com) and CDSL's e-voting platform (www.evotingindia.com)

Material Impact

The proposed transactions constitute material related party transactions under SEBI Listing Regulations due to their value representing 3,846.15% of the Company's annual turnover.

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