Team India Guaranty Limited has informed the Exchange about Resignation of Director/KMP/SMP
TEAMGTY · price
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Mr. Ashok Anant Paranjpe has tendered his resignation as Non-Executive Independent Director of Team India Guaranty Limited, effective from the close of business hours on May 29, 2026. He cited personal and professional commitments as the reason for leaving. With this resignation, he also ceases to hold several key positions including Chairperson of the Board, Chairperson of the Audit Committee, and membership of the Nomination and Remuneration Committee, CSR Committee, and Stakeholders Relationship Committee. He has confirmed there are no other material reasons for his resignation. He did not hold any directorships in other listed entities.
The resignation of an Independent Director who held multiple leadership positions could raise governance concerns for investors, as it reduces board independence and leaves several committees without their designated chairpersons.