This is with reference to our letter dated 12th May 2025 in relation to Postal Ballot notice we confirm that the member of the company have duly passed the proposed resolution as attached ....
TEAMGTY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Times Guaranty Limited conducted a postal ballot through remote e-voting (14th May to 12th June 2025) on two resolutions, both of which passed with the required majority. Resolution 1 (Ordinary) regularized the appointment of Mrs. Anita Rajendra Malusare as a Non-Executive Director of the company. Resolution 2 (Special) approved a change in the company's name along with corresponding changes to the Memorandum and Articles of Association — the company appears to be rebranding to 'Team India Guaranty Ltd'. Out of 20,463 shareholders on the record date, only 33 participated in the e-voting, with 6,911,501 shares (76.85% of total outstanding shares) being polled. Both resolutions received 6,911,500 votes in favor and just 1 vote against, meaning virtually 100% approval.
Both resolutions passed with near-unanimous support, indicating no shareholder dissent on the director appointment or the planned name change. These are routine corporate housekeeping items and are unlikely to have a meaningful direct impact on the stock price, though the rebranding may signal a strategic repositioning worth monitoring.