TEAMGTYBSETeam India Guaranty Ltd· FinanceHighNegative
Announced Mon, 7 Apr, 2025 · 12:14 IST

Pursuant to Regulation 30 of SEBI LODR Regulation 2015 we here by file revise intimation for Completion of the term of Mrs. Anita Rajendra Malsure as Executive Director and Chief Executive Director.

Ceo ResignedKmp ResignedManagement Changes View source PDFExplain this filing

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Price reactionminutes from the announcement price · days from the prior close
-1.9%Reaction day
₹191.60
prior close
₹194.00
announcement price
In-mkt
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Nifty Microcap 250market · in no size index; the smallest one is used-4.3%+2.4% vs market
Investment Company peers, median of 59sector-4.1%+2.2% vs sector

On the reaction day the stock moved 2.4 pts more than Nifty Microcap 250 and 2.2 pts more than its Investment Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Times Guaranty Limited (BSE Scrip Code: 511559) has informed the stock exchange that Mrs. Anita Rajendra Malusare (DIN: 07773062) has completed her term as Executive Director and Chief Executive Officer (ED & CEO) and ceased to hold the position with effect from the close of business hours on March 28, 2025. The filing is a revised version of an earlier intimation, submitted after BSE sought additional details under SEBI LODR Regulations. The company explained the slight delay in the original disclosure by noting that March 29–31, 2025 fell on a weekend and the Id-Ul-Fitr public holiday. No replacement appointment has been announced in this filing.

Likely market impact

The company is now without a CEO, which introduces short-term leadership uncertainty at this small NBFC. Investors should watch for a follow-up announcement on a new CEO appointment, as prolonged vacancies at the top can affect operational continuity.