Times Guaranty Limited has informed the Exchange regarding Board meeting held on Jun 11, 2025.
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Times Guaranty Limited's board met on June 11, 2025, and approved several key items. The board confirmed the company has not accepted any public deposits and does not intend to, following RBI guidelines. It approved registration with NESL, RBI's Complaint Management System, CERSAI, and CKYC in preparation for starting lending activities. Several new policies were adopted and existing ones reviewed to meet regulatory requirements. Ms. Aarti Pandey was appointed as Chief Grievance Redressal Officer (CGRO), and lending powers were delegated to the CFO Mr. Manoj Agrawal (also designated as Credit Head) and CEO Ms. Niru Kanodia under Section 179(3)(f) of the Companies Act, 2013. The meeting lasted around 18 minutes (3:31 p.m. to 3:49 p.m.).
This filing signals that the company is gearing up to formally begin lending operations, having completed key regulatory registrations and put a credit team in place. For shareholders, it represents a strategic move into the lending business, though no financial figures or targets were disclosed, so immediate stock impact may be limited.