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Team India Guaranty Limited (TEAMGTY)

₹240.05 -0.12% last close, 16 Oct

📊 NSE: TEAMGTY 🏢 Non Banking Financial Company (NBFC) 📢 Latest filing: 13 Oct 2026 📝 Analysis written: 13 Nov 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Team India's revenue was ₹2.8 Cr (+124.2% year on year, +81.1% on the previous quarter), and net profit ₹0.9 Cr (+67.5% year on year); the operating margin was 26.5%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹2.8	+124.2%	+81.1%
Operating profit	₹0.7	—	—
Net profit	₹0.9	+67.5%	from loss
EPS (₹)	1.04	+67.7%	from loss
Operating margin	26.5%	—	—

Full quarterly financials → Results calendar →

TEAMGTY delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 65.03% of the TEAMGTY shares traded on NSE were taken to delivery, against the stock's own 20-session average of 81.19%. That is close to its usual level. Turnover was only ₹2 lakh, so a handful of trades can move this figure.

65.03%Delivery, 16 Oct

81.19%Own 20-session average

1.5×Volume vs its average

₹240.05NSE close · -0.12%

Delivery in the last 5 sessions: 87.7% · 63.9% · 53.9% · 76.4% · 65.0%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Team India Guaranty Submits Demat Compliance Certificate for Q2 FY27

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 13 Oct 2026, 04:16 PM

Team India Guaranty Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30th September 2026. The certificate was issued by the company's Registrar and Share Transfer Agent, MUFG Intime India Private Limited. It confirms that securities received for dematerialisation during the period were processed and listed appropriately on the stock exchanges. This is a standard regulatory requirement with zero financial or operational impact.

Compliance certificate submitted pursuant to Regulation 74(5) of SEBI Regulations, 2018
Pertains to the quarter ended 30th September 2026
Issued by RTA MUFG Intime India Private Limited on 03-10-2026 and filed on 13th October, 2026

💡 No action is required as this is a standard administrative filing. Investors should look out for upcoming quarterly financial results for fundamental business updates.

Team India Guaranty Director Sreedevi Pillai Resigns Effective September 23, 2026

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 23 Sep 2026, 05:52 PM

Director Sreedevi Pillai has tendered her resignation from the Board of Directors of Team India Guaranty Limited, effective September 23, 2026. The outgoing director cited other professional commitments and an inability to devote requisite time to the company. The company previously recorded June 2026 quarterly revenue of Rs 2.8254 crore and net profit of Rs 0.9382 crore. This routine board departure is not expected to disrupt operational transitions into retail and SME lending.

Resignation of Director Sreedevi Pillai effective from September 23, 2026
Reason cited was other commitments and inability to devote adequate time
Digital sign-off completed at 13:18:19 IST on September 23, 2026
Follows company's Q1 FY27 revenue generation of Rs 2.8254 crore (June 2026)

💡 Track subsequent board appointments to observe if replacement directors bring specific expertise in retail and SME credit underwriting.

Team India Guaranty Submits Voting Results and Scrutinizer Report for 36th AGM

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 22 Sep 2026, 05:44 PM

Team India Guaranty Limited has submitted its voting results and Scrutinizer's consolidated report for its 36th Annual General Meeting held on September 21, 2026. According to the filing under Regulation 44(3) of SEBI LODR, all resolutions were passed by members with the requisite majority. The Scrutinizer's report was issued by practicing company secretaries Aabid & Co. on September 22, 2026.

36th Annual General Meeting conducted on September 21, 2026
All resolutions approved by shareholders with the requisite majority
Consolidated scrutinizer report issued on September 22, 2026 by Aabid & Co.

💡 Track subsequent quarterly filings to monitor the operational expansion of the company's retail and SME lending book initiated in June 2025.

Team India Guaranty Concludes 36th AGM; Seeks Approval for Borrowing Limits & Material RPTs

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 21 Sep 2026, 04:35 PM

Team India Guaranty Limited held its 36th Annual General Meeting on September 21, 2026. Key agenda items submitted for shareholder approval included an increase in borrowing powers under Section 180(1)(c) and approvals for material related party transactions with promoter Team India Managers Limited and New Berry Advisors Limited. Promoter Team India Managers Limited held 40,75,024 equity shares, representing 45.31% of the equity capital at the meeting. Scrutinizer voting results are expected within two working days.

36th AGM held on September 21, 2026, commencing at 3:09 p.m. and concluding at 3:32 p.m. IST
Promoter Team India Managers Limited represented holding 40,75,024 shares (45.31% equity capital)
Special resolutions proposed for increasing borrowing limits and appointing Non-Executive Independent Director Anil Poddar
Approval sought for material related party transactions with Team India Managers Limited and New Berry Advisors Limited
Remote e-voting was held from September 16 to September 20, 2026, with scrutinizer report due in 2 working days

💡 Track the upcoming voting results disclosure to confirm approval of the increased borrowing powers and material related-party transactions.

Team India Guaranty Schedules 36th AGM on September 21, 2026; Dispatches FY26 Annual Report Link

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 25 Aug 2026, 06:36 PM

Team India Guaranty Limited has scheduled its 36th Annual General Meeting (AGM) for Monday, September 21, 2026, at 3:00 PM IST via Video Conferencing. The company has dispatched letters containing the web access link for the FY 2025-26 Annual Report and AGM Notice to members whose email addresses are not registered. Additionally, the filing serves as a compliance reminder for physical shareholders to update KYC details in accordance with SEBI circulars.

36th Annual General Meeting scheduled for Monday, September 21, 2026, at 03:00 p.m. IST
AGM to be conducted via Video Conferencing (VC) / Other Audio Visual Means (OAVM)
Dispatched FY 2025-26 Annual Report web links to shareholders without registered email addresses
Reminded physical shareholders to complete mandatory KYC updates under SEBI circular dated May 07, 2024

💡 Shareholders holding physical shares should ensure their KYC details are updated with the RTA (MUFG Intime India) to remain eligible for electronic corporate payouts.

Team India Guaranty sets AGM Book Closure from Sep 15 to Sep 21, 2026; Cut-off Sep 14

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 25 Aug 2026, 06:20 PM

Team India Guaranty Limited has announced the book closure dates for its upcoming 36th Annual General Meeting (AGM). The Register of Members and Share Transfer Books will remain closed from Tuesday, September 15, 2026, to Monday, September 21, 2026. The cut-off date to determine shareholder eligibility for voting is Monday, September 14, 2026. Remote e-voting will run from September 16, 2026 (9:00 AM IST) to September 20, 2026 (5:00 PM IST).

Book closure scheduled from September 15, 2026, to September 21, 2026 (both days inclusive)
Purpose of book closure is for conducting the 36th Annual General Meeting
Cut-off date for e-voting eligibility set as September 14, 2026
Remote e-voting begins September 16, 2026 (9:00 a.m. IST) and concludes September 20, 2026 (5:00 p.m. IST)

💡 Shareholders seeking to vote at the 36th AGM should ensure shares are held in their demat accounts on or before the September 14, 2026 cut-off date.

TIGL Convenes 36th AGM on Sep 21, 2026; Seeks Approval to Raise Borrowing Limit to ₹200 Cr

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 25 Aug 2026, 04:28 PM

Team India Guaranty Limited has issued notice for its 36th Annual General Meeting scheduled for September 21, 2026. Key agenda items include seeking shareholder approval under Section 180(1)(c) to increase borrowing powers up to ₹200 crore to support business expansion. The company is also seeking the regularization of Mr. Anil Poddar as an Independent Director for 5 years and the reappointment of Non-Executive Director Mr. Surajkumar Saraogi (holding 14.91% stake). The remote e-voting window is open from September 16 to September 20, 2026, with the cut-off date set as September 14, 2026.

36th Annual General Meeting to be held via VC/OAVM on September 21, 2026 at 3:00 PM IST
Special resolution proposed to enhance borrowing limits under Section 180(1)(c) up to ₹200 crore
E-voting period scheduled from September 16, 2026 (9:00 AM) to September 20, 2026 (5:00 PM)
Eligibility cut-off date for voting set as Monday, September 14, 2026
Regularization of Mr. Anil Poddar as Independent Director for a term of 5 years effective August 14, 2026

💡 Track shareholder voting results following the AGM on September 21, 2026, and monitor the subsequent ramp-up of the retail and SME loan book under the expanded borrowing limits.

Shareholders Approve Sanjiv Swarup as Independent Director with 99.99% Votes

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 17 Aug 2026, 07:08 PM

Team India Guaranty Limited announced the results of its postal ballot concluded on August 16, 2026. Shareholders approved a special resolution for the regularization of Mr. Sanjiv Swarup as Non-Executive Independent Director. A total of 69,29,342 votes were polled, representing 77.05% of total outstanding shares, with 99.99% (6,929,267 votes) cast in favor.

Special resolution for regularizing Mr. Sanjiv Swarup as Non-Executive Independent Director approved by shareholders
99.99% of total votes polled (69,29,267 votes) were cast in favor of the resolution
Total voter turnout stood at 77.05% across 69,29,342 polled shares out of 89,93,149 outstanding shares
Promoter group polled 100% of their 67,37,423 shares entirely in favor

💡 Track board governance and quarterly execution updates as the company transitions into retail and SME lending.

Team India Guaranty Appoints Anil Poddar as Independent Director for 5-Year Term

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 14 Aug 2026, 07:01 PM

Team India Guaranty Limited has appointed Mr. Anil Poddar as an Additional Non-Executive Independent Director for a 5-year term effective August 14, 2026, subject to shareholder approval. Mr. Poddar is a Chartered Accountant and law graduate with over 30 years of experience in finance, accounting, debt syndication, and strategic business consulting. He is confirmed to meet statutory independence criteria and is not related to any existing directors.

Appointment of Mr. Anil Poddar as Non-Executive Independent Director effective August 14, 2026
Appointed for a tenure of 5 consecutive years, subject to shareholder approval
Candidate brings over three decades of experience in finance, accounting, and debt syndication
Confirmed to meet independence criteria under Companies Act, 2013 and SEBI Listing Regulations

💡 Track the upcoming shareholder voting for confirmation of the appointment and monitor the company's planned operational rollout in retail and SME lending.

Team India Guaranty Reports Q1 PAT of ₹93.82 Lakhs; Net Margin at 33.12%

🟡 NEUTRAL ⭐ 5/10

EARNINGS 📅 14 Aug 2026, 06:38 PM

Team India Guaranty Limited (formerly Times Guaranty Limited) announced its unaudited standalone financial results for the quarter ended June 30, 2026. The company reported a Net Profit After Tax (PAT) of ₹93.82 Lakhs with Basic and Diluted EPS of ₹1.04. Net worth stood at ₹4,946.98 Lakhs as of June 30, 2026, with an Operating Margin of 26.64% and Net Profit Margin of 33.12%. Asset quality remained strong with both Gross and Net NPA ratios reported at Nil, supported by a low Debt-to-Equity ratio of 0.07.

Net Profit After Tax stood at ₹93.82 Lakhs for Q1 ended June 30, 2026
Basic and Diluted EPS reported at ₹1.04 per share
Net Worth stood at ₹4,946.98 Lakhs with a Debt-Equity ratio of 0.07
Gross NPA and Net NPA ratios were reported at Nil
Net Profit Margin reached 33.12% with Operating Margin at 26.64%

💡 Monitor upcoming quarterly results to track credit growth and the rollout pace of the retail and SME lending portfolio.

Q1 PAT at ₹93.82 L; Board Approves ₹200 Cr Borrowing Limit & Related Party Deals

🟢 POSITIVE ⭐ 6/10

EARNINGS 📅 14 Aug 2026, 06:34 PM

Team India Guaranty reported a Standalone Net Profit After Tax of ₹93.82 Lakhs for the quarter ended June 30, 2026, delivering an EPS of ₹1.04 and a Net Profit Margin of 33.12%. The Board approved an enabling proposal to increase the company's borrowing limit up to ₹200 Crore under Section 180(1)(c), subject to shareholder approval. Additionally, the Board approved material related party transactions of up to ₹25 Crore each with Team India Managers Limited and New Berry Advisors Limited. The 36th AGM has been scheduled for September 21, 2026, with remote e-voting starting September 16, 2026.

Q1 Standalone Net Profit After Tax stood at ₹93.82 Lakhs with Basic/Diluted EPS of ₹1.04.
Board approved enhancing overall borrowing limits to ₹200 Crore (up from existing limits), subject to shareholder approval.
Proposed material related party transactions of up to ₹25 Crore each with Team India Managers Ltd and New Berry Advisors Ltd.
Reported Net Worth of ₹4,946.98 Lakhs (~₹49.47 Crore) with Debt-Equity ratio at 0.07 and Nil NPAs as of June 30, 2026.

💡 Monitor shareholder voting outcomes at the upcoming AGM on September 21, 2026, particularly regarding the ₹200 Crore borrowing limit expansion and related party transaction approvals.

Team India Guaranty Seeks Approval for 5-Year Independent Director Appointment

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 16 Jul 2026, 05:53 PM

Team India Guaranty Limited has issued a postal ballot notice to shareholders for the regularization of Mr. Sanjiv Swarup as a Non-Executive Independent Director. The proposed appointment is for a fixed term of 5 consecutive years, effective from May 29, 2026. The voting process will be conducted entirely through electronic means, with the results expected to be announced by August 18, 2026. This is a routine governance procedure to confirm an earlier board-level appointment.

Proposed appointment of Mr. Sanjiv Swarup for a 5-year term starting May 29, 2026
E-voting period scheduled from July 18, 2026, to August 16, 2026
Cut-off date for determining shareholder voting eligibility is July 14, 2026
Resolution is categorized as a Special Resolution requiring 75% majority approval

💡 Investors should monitor the voting results to confirm the board maintains its required independent composition, though this is a standard regulatory requirement.

Team India Guaranty clarifies administrative errors in FY26 financial result submission

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 14 Jul 2026, 12:16 PM

Team India Guaranty Limited (formerly Times Guaranty) has responded to an NSE query regarding its FY26 financial results originally filed on May 29, 2026. The company clarified that the initial filing was in a non-machine-readable scanned format and omitted the mandatory declaration of an unmodified audit opinion. These administrative lapses were rectified in a revised submission on July 6, 2026. The company explicitly confirmed that there are no changes to the financial figures, disclosures, or the Auditor's Report in the revised filing.

Initial FY26 financial results were submitted on May 29, 2026, in a non-machine-readable scanned format
Revised submission including a machine-readable format and audit declaration was made on July 6, 2026
The company confirmed 0% change in financial figures or auditor disclosures between the two filings
The Exchange query was raised on June 27, 2026, under Application No. 68859
The audit report for the year ended March 31, 2026, remains an Unmodified Opinion

💡 Investors should note that the underlying financial performance remains unchanged; focus should remain on the previously reported FY26 earnings rather than this procedural correction.

Team India Guaranty Submits Q1 FY27 Dematerialization Compliance Certificate

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 13 Jul 2026, 05:30 PM

Team India Guaranty Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Registrar MUFG Intime India Private Limited, confirms that share certificates received for dematerialization during the quarter ended June 30, 2026, were processed. It also verifies that the securities are listed on the relevant stock exchanges. This is a standard administrative filing required for all listed companies in India.

Compliance certificate issued for the quarter ended 30th June 2026
Registrar MUFG Intime India Private Limited provided confirmation on 01-07-2026
Confirms that securities received for dematerialization were processed and listed on stock exchanges

💡 This is a routine administrative update; investors should focus on upcoming quarterly financial results for fundamental performance insights.

Sharda Saraogi Submits Annual No-Encumbrance Disclosure for Team India Guaranty Limited

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 17 Jun 2026, 12:50 PM

Sharda Saraogi, representing the promoter group of Team India Guaranty Limited (formerly Times Guaranty Limited), has filed a disclosure under Regulation 31(4) of SEBI (SAST) Regulations, 2011. This annual filing confirms that the promoter, along with persons acting in concert, has not made any encumbrance on their shareholding, directly or indirectly, during the financial year. The disclosure was submitted to the BSE and NSE on April 6, 2026. This is a standard transparency measure to ensure no undisclosed pledging of promoter shares has occurred.

Compliance with Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Declaration confirms no new encumbrances or pledges were created by the promoter group during the reporting period.
The disclosure pertains to Team India Guaranty Limited, formerly known as Times Guaranty Limited (TIGL).
Official communication sent to both BSE and NSE stock exchanges on April 6, 2026.

💡 No action is required as this is a routine regulatory filing confirming the absence of undisclosed share pledges. Investors should maintain their focus on the company's operational performance.

View All TEAMGTY Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

During FY 2024-25, 100% of revenue was derived from investment activities as lending operations had not yet commenced. Lending operations began in June 2025, which will shift the revenue mix in FY 2025-26.

Geographic Revenue Split

100% of operations and revenue are concentrated in the Indian market.

Profitability Margins

The company reported a profit for FY 2024-25, but specific gross, operating, or net margin percentages were not disclosed in the provided document snippets.

⚙️ Operational Drivers

Capacity Expansion

The company is currently classified in the Base Layer of the RBI Scale-Based Regulatory (SBR) framework with an asset size below INR 1,000 crore. It plans a phased expansion into retail and SME lending to grow its loan book.

📈 Strategic Growth

Growth Strategy

The company plans to achieve growth by pivoting from an investment-only model to a diversified financial institution. This involves a calibrated entry into retail and SME lending starting June 2025. The strategy focuses on building a high-quality loan book through strong underwriting, robust compliance, and leveraging technology to expand customer reach in underpenetrated segments.

Products & Services

In FY 2024-25, the company provided investment management services (Equity and Debt). From June 2025, it has expanded its service portfolio to include retail and SME lending products.

Brand Portfolio

Team India Guaranty Limited (formerly known as Times Guaranty Limited).

New Products/Services

Retail and SME lending operations commenced in June 2025, which are expected to be the primary drivers of future revenue growth.

Market Expansion

The company is targeting underpenetrated credit segments in India, specifically focusing on retail and SME finance.

🌍 External Factors

Industry Trends

The NBFC sector is growing through financial inclusion and digitization. The RBI's Scale-Based Regulation (SBR) framework, implemented in FY 2024-25, requires enhanced governance and risk management. TIGL is positioning itself as a dynamic and responsible player by aligning with these stricter norms while targeting underserved retail and SME credit markets.

Competitive Landscape

The company competes with other NBFCs in the Indian financial services ecosystem, particularly those focused on retail and SME finance.

Competitive Moat

TIGL's moat is its NBFC-ICC regulatory license and its strategic realignment under new leadership (Team India Managers Limited) to target underpenetrated credit segments. This transition is supported by a clean regulatory record and a shift toward technology-driven lending.

Macro Economic Sensitivity

The company is sensitive to the interest rate regime; high rates in FY 2024-25 elevated funding costs across the NBFC sector.

Consumer Behavior

There is an increasing demand for credit in underserved and semi-urban markets, which the company aims to meet through its new lending operations.

⚖️ Regulatory & Governance

Industry Regulations

The company is governed by the RBI Scale-Based Regulatory (SBR) framework and complied with the RBI Master Direction (Non-Banking Financial Company – Scale Based Regulation) Directions, 2023. It also follows the RBI (Filing of Supervisory Returns) Directions 2024.

Environmental Compliance

Corporate Social Responsibility (CSR) requirements were not applicable to the company for FY 2024-25 based on its financial thresholds.

Legal Contingencies

No pending proceedings under the Insolvency and Bankruptcy Code, 2016 were reported for FY 2024-25. There were no material orders passed by regulators or courts impacting the company's status as a going concern.

⚠️ Risk Analysis

Key Uncertainties

The primary uncertainty is the successful execution of the business model transition from investment to lending (Retail/SME) which began in June 2025. Additionally, the company faces risks from interest rate volatility which could impact its cost of funds.