Pursuant to Regulation 30 read with Schedule III of SEBI LODR Regulations 2015, we hereby inform you that Mr. Ashok Anant Paranjpe (DIN: 07440788) Non-Executive Independent Director of ....
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Mr. Ashok Anant Paranjpe, Non-Executive Independent Director of Team India Guaranty Limited, has tendered his resignation effective May 29, 2026. He cited personal and professional commitments as the reason for leaving. Paranjpe also held key positions including Chairperson of the Board, Chairperson of the Audit Committee, and was a member of the Nomination and Remuneration Committee, CSR Committee, and Stakeholders Relationship Committee. He has confirmed there are no other material reasons for his resignation. The company has stated he holds no directorships in other listed entities.
The resignation of an Independent Director holding multiple leadership positions including Board and Audit Committee Chair roles signals governance concerns for shareholders, as the company will need to fill several critical committee positions.