Intimation of Resignation of Mrs. Sreedevi Pillai (DIN: 08944944) from the designation of Non-Executive Independent Director

TEAM INDIA GUARANTY LIMITED A 201, Level 2 Marathon NextGen Innova Ganpat Rao Kadam Marg Lower Parel (W) Mumbai- 400013 Tel: +912248818442/ 87 E-mail: info@teamindiaguarantylimited.com Website: https://teamindiaguarantylimited.com/ CIN: L65920MH1989PLC054398 13th October, 2026 BSE Limited, Phiroze Jeejeebhoy Towers Dalal Street Mumbai 400 001 Scrip Code: 511559 Sub: Clarification with respect to disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 – Resignation of Independent Director Ref: Corporate Announcement dated September 23, 2026 and email received from BSE Limited dated October 13, 2026 Dear Sir/Madam, With reference to the captioned subject and the observation received from BSE Limited, we wish to submit the following clarification. The Company had duly intimated the Stock Exchanges regarding the resignation of Ms. Sreedevi Pillai (DIN: 08944944), Non-Executive Independent Director of the Company, on September 23, 2026, being the effective date of her resignation, along with the requisite disclosures under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In continuation of the aforesaid disclosure and with reference to the observation raised by the Exchange regarding the resignation letter, we are hereby submitting the resignation letter dated September 23, 2026 for completeness of records and compliance with the applicable disclosure requirements. We request you to kindly take the above clarification along with the enclosed resignation letter on record. Thank you. Yours faithfully, FOR TEAM INDIA GUARANTY LIMITED AARTI PANDEY COMPANY SECRETARY & COMPLIANCE OFFICER Encl: As above TEAM INDIA GUARANTY LIMITED A 201, Level 2 Marathon NextGen Innova Ganpat Rao Kadam Marg Lower Parel (W) Mumbai- 400013 Tel: +912248818442/ 87 E-mail: info@teamindiaguarantylimited.com Website: https://teamindiaguarantylimited.com/ CIN: L65920MH1989PLC054398 ANNEXURE I Disclosure pursuant to Regulation 30 read with Para A(7B) of Part A of Schedule III of the SEBI Listing Regulations Sr. No. Particulars Disclosure 1. Reason for change viz. appointment, re- Resignation of Ms. Sreedevi Pillai (DIN: 08944944) appointment, resignation, removal, death or from the position of Non-Executive Independent otherwise Director of the Company on account of increased professional and personal commitments. 2. Date of appointment / re-appointment / Cessation with effect from September 23, 2026. cessation, as applicable, and term of appointment / re-appointment 3. Brief profile, in case of appointment Not Applicable 4. Disclosure of relationships between directors, in Not Applicable case of appointment 5. Letter of resignation along with detailed reason A copy of the resignation letter dated September for resignation as given by the director 23, 2026, setting out the detailed reasons for resignation, is enclosed as Annexure II. 6. Names of listed entities in which the resigning i. IFB Industries Ltd, [Independent Director]: director holds directorships, indicating the • Member of Audit Committee category of directorship and membership of • Member of Nomination and Remuneration board committees, if any Committee • Member of Corporate Social Responsibility Committee ii. The Western India Plywoods Limited [Independent Director]: • Chairperson of Nomination and Remuneration Committee • Member of Audit Committee 7. Confirmation that there are no other material Ms. Sreedevi Pillai has confirmed that there are no reasons other than those provided other material reasons for her resignation other than those stated in her resignation letter dated September 23, 2026.