Team India Guaranty Limited has informed the Exchange regarding Outcome of Board Meeting held on March 04, 2026.
TEAMGTY · price
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Awaiting price reaction for this filing.
The Board of Team India Guaranty Limited, at its meeting on March 4, 2026, considered a proposal to allot 22,48,270 equity shares at Rs. 285 per share (face value Rs. 10, premium of Rs. 275) to non-promoters on a preferential basis, linked to the acquisition of 4A Financial Technologies Private Limited. The Board noted that the proposed allottee brought in only 62.14% of the required consideration, so the allotment cannot be completed and is being deferred. Consequently, the proposed share allotment to shareholders of 4A Financial Technologies and the proposed acquisition of 4A Financial Technologies stand deferred, with the company stating it may revisit the proposal in the future. There is no change in the paid-up equity share capital of the company as a result.
Negative near-term development — the fundraise and the 4A Financial Technologies acquisition have fallen through due to incomplete subscription, which may weigh on the stock. However, no equity dilution has occurred, and the company retains the option to re-attempt the proposal later.