Team India Guaranty Limited has deferred its planned preferential allotment of over 22 lakh equity shares after proposed allottees failed to bring in the full required consideration, the company disclosed to stock exchanges.
The company’s board, which met late on Wednesday evening, noted that it had received only 62.14 per cent of the requisite consideration from the proposed non-promoter allottees. As a result, the allotment of 22,48,270 equity shares — priced at ₹285 per share (face value ₹10, premium ₹275) — could not proceed. The total proposed raise would have been approximately ₹64.07 crore. The company’s paid-up equity share capital remains unchanged.
The collapse also puts on hold the proposed acquisition of 4A Financial Technologies Private Limited, which was to be funded through the preferential route. The company said it “may revisit the proposal in the future.”
The allotment had received shareholder approval at the Annual General Meeting held on September 12, 2025, and in-principle approvals from both NSE and BSE in February 2026.
Markets appeared to look through the failure. On Thursday, Team India Guaranty Limited’s shares were trading at ₹270.95 on the NSE, up 6.93 per cent from the previous close of ₹253.40, touching an intraday high of ₹280 in morning trade. Volumes remained thin at 0.03 lakh shares. The stock has gained 52.75 per cent over the past year, against the benchmark’s 10.24 per cent, though it remains below its 52-week high of ₹332.55 hit in December 2025. The company’s total market capitalisation stood at ₹243.67 crore.
Published on March 5, 2026