The guards were arrested by the Mumbai police on Friday morning following a scuffle on the sets of Jolie's film, A Mighty Heart, in the city.
Trouble had erupted when the actress reached Anjuman-E-Islam school on Thursday for the film shoot, which clashed with the time school students were about to leave for home.
Shainaz Khan, a parent, said. "The school premises was restricted to us and we could not find our children. Angelina's bodyguard abused many of us, including women, and some of them also passed racist comments like 'You bloody Indian.' It was humiliating."
Photograph: Arun Patil