Team India Guaranty Limited has informed the Exchange regarding Appointment of Mr. Sanjiv Swarup as Non- Executive Independent Director of the company w.e.f. May 29, 2026.
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The Board of Directors has approved the appointment of Mr. Sanjiv Swarup as an Additional Director in the category of Non-Executive Independent Director for a term of 5 years starting May 29, 2026. This appointment is subject to shareholder approval. Mr. Sanjiv Swarup is a qualified Chartered Accountant and Lawyer with over 45 years of experience in corporate governance, management consulting, and strategic advisory. The company has confirmed that he satisfies the independence criteria under the Companies Act, 2013 and SEBI LODR, and is not debarred from holding the office of Director by any regulatory authority. He is not related to any existing directors of the company.
The appointment of an experienced independent director strengthens the board's governance structure. This is a positive governance development as it adds professional expertise and independence to the board, though shareholder approval is still pending.