Company Overview
Team India Guaranty Limited (formerly Times Guaranty Limited, BSE:511559, NSE:TEAMGTY), an RBI-registered NBFC-ICC, submitted its Annual Report for FY26 ending March 31, 2026, along with notice for its 36th AGM scheduled for September 21, 2026.
Financial Performance
FY26 financial results show mixed performance with revenue from operations increasing to ₹520.00 lakhs (prev. ₹352.93 lakhs) but net profit declining significantly to ₹76.40 lakhs (prev. ₹233.62 lakhs), representing a 67% decrease. This was primarily due to increased operational expenses of ₹410.79 lakhs (prev. ₹88.93 lakhs). EPS dropped to ₹0.85 from ₹2.60. The company commenced lending operations in FY26, building a gross loan book of ₹33.29 crore comprising secured (₹2.92 crore) and unsecured (₹30.37 crore) loans, all classified as standard assets with impairment allowance of ₹9.41 lakhs exceeding RBI IRACP requirements.
AGM Agenda and Corporate Actions
The 36th AGM will consider several resolutions including: adoption of financial statements; re-appointment of director Surajkumar Saraogi who retires by rotation; appointment of Anil Poddar as Independent Director for 5 years; special resolution to increase borrowing limit to ₹200 crore; and ordinary resolutions for ₹50 crore related-party borrowings (₹25 crore each from Team India Managers Limited and New Berry Advisors Limited at 9% interest).
Operational and Compliance Highlights
The company reported zero customer complaints during both FY25 and FY26. No dividend was recommended for FY26 to conserve resources. All auditor reports were unqualified without reservations. The company transferred ₹14.33 lakhs to Statutory Reserve under RBI Act requirements. Detailed RBI balance sheet disclosures show investments of ₹10.05 crore primarily in mutual funds and equity shares.
Failed Acquisition and Corporate Developments
The company failed to complete the preferential allotment for acquisition of 4A Financial Technologies Private Limited despite receiving RBI approval (January 29, 2026) and stock exchange in-principle approvals (February 17, 2026), as only 62.414% of equity shares were transferred by the March 4, 2026 deadline. Board changes include appointment of Sanjiv Swarup as Chairman and resignation of Ashok Anant Paranjpe as Director.
Governance and Compliance
The company has complied with all applicable SEBI LODR regulations and RBI requirements. All related party transactions were conducted at arm's length basis. Remote e-voting for the AGM will be available from September 16-20, 2026, with results declared within two working days post-AGM.