Team India Guaranty Limited Regulatory Response Summary

Communication Details and Exchange Query

Date of Communication: 13th July, 2026

Nature of Query: Reference to query raised by the National Stock Exchange of India Ltd. dated 27 June 2026 bearing Application No. 68859 and Announcement Sequence No. 106678149 regarding submission of Audited Financial Results for the quarter and financial year ended March 31, 2026.

Company's Clarification on Submission Issues

Team India Guaranty Limited provided the following clarifications regarding the financial results submission:

  • Machine-readable Financial Results: Due to an inadvertent oversight, the Company had initially submitted the Audited Financial Results on 29 May 2026 in a scanned format, which was not machine-readable. The Financial Results were subsequently resubmitted on 6 July 2026 in a machine-readable format.
  • Declaration for Unmodified Audit Opinion: The declaration confirming that the Statutory Auditor had issued an Audit Report with an unmodified opinion was inadvertently omitted from the initial submission. The same was enclosed with the revised submission made on 6 July 2026.
  • Timeline of submission: The Financial Results were submitted within three hours from the conclusion of the Board Meeting. However, the 12-hour reporting format was inadvertently selected while making the submission.

The Company confirmed that the revised submission does not contain any change in the financial figures, disclosures or the Auditor's Report and was made solely to rectify the document format and include the inadvertently omitted declaration.

Details of Financial Results

Audit Details: The financial results for the quarter and year ended 31st March, 2026 were audited by V.B. Goel & Co. Chartered Accountants and approved by the Board of Directors at their meeting held on May 29, 2026.

Key Financial Figures (in ₹ Lakhs):

Quarter Ended 31.03.2026 (Audited):

  • Total Income: ₹155.66
  • Total Expenses: ₹219.24
  • Profit/(Loss) Before Tax: (₹63.58)
  • Net Profit/(Loss) for The Period: (₹68.57)
  • Basic EPS: (₹0.71)
  • Diluted EPS: (₹0.71)

Year Ended 31.03.2026 (Audited):

  • Total Income: ₹549.50
  • Total Expenses: ₹410.79
  • Profit Before Tax: ₹138.71
  • Net Profit for The Period: ₹71.67
  • Basic EPS: ₹0.85
  • Diluted EPS: ₹0.85
  • Paid up Equity Share Capital: ₹899.31 (Face value of ₹10/- each)
  • Reserves excluding Revaluation Reserve: ₹3,952.94

Comparative Figures (Year Ended 31.03.2025 - Audited):

  • Total Income: ₹370.46
  • Net Profit for The Period: ₹234.70
  • Basic EPS: ₹2.60

Income Breakdown (Year Ended 31.03.2026):

  • Interest Income: ₹469.65
  • Dividend Income: ₹1.38
  • Fees and commission Income: ₹0.37
  • Net gain on fair value changes: ₹48.60
  • Other Income: ₹0.60

Expense Breakdown (Year Ended 31.03.2026):

  • Employee benefit expense: ₹179.48
  • Depreciation, depletion and amortisation expense: ₹0.43
  • Fees and commission Expense: ₹15.77
  • Net loss on fair value changes: Not applicable
  • Impairment on financial instruments: ₹9.41
  • Other expenses: ₹205.70

Cash Flow Statement (Year Ended 31.03.2026):

  • Net Cash used in Operating Activities: (₹3,699.00)
  • Cash generated from investing activities: ₹3,961.64
  • Net Increase in Cash Equivalents: ₹262.64
  • Total Cash and cash equivalents at end of year: ₹480.82

Financial Ratios (Year Ended 31.03.2026):

  • Operating Margin: 25.16%
  • Net Profit Margin: 13.90%
  • Current Ratio: 252.10
  • Net Worth: ₹4,853.15

Additional Information

The figures for the fourth quarter of the current and previous year are the balancing figures between (a) audited figures in respect of the full financial year and (b) the published year to date figures up to the end of third quarter of the respective financial years which were subjected to limited review by the statutory auditor.

The company confirmed that it is not undertaking any change in its line of business, nor is it initiating any new projects. The name change to "Team India Guaranty Limited" from "Times Guaranty Limited" does not imply or suggest a new business segment.

Topic Tags: Regulatory Response, Financial Results Clarification, Compliance, Audit Opinion, Format Correction