Postal ballot on promoter-backed guarantees for company borrowings
TEAMGTY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Shareholders will vote by e-voting from 29 October to 29 November 2026 on two resolutions seeking approval for guarantees or security for borrowings within the approved ₹200 crore limit, from promoter shareholder Team India Managers Limited and promoter-director Surajkumar Saraogi. For Team India Managers, the maximum is 3,846.15% of FY2026 turnover of ₹5.20 crore; it had a ₹7.00 lakh loss and negative net worth of ₹5.45 lakh.
Approval may ease funding, but the large promoter-linked exposure and Team India Managers' negative net worth raise governance and credit risks.