Appointment of Mr. Kamlesh Laxmanbhai Bachani as Company Secretary & Compliance Officer of the company.
Awaiting price reaction for this filing.
The board of Talwalkars Better Value Fitness Ltd has appointed Mr. Kamlesh Laxmanbhai Bachani (ACS: 79045) as the new Company Secretary and Compliance Officer with effect from 14 April 2026, following the resignation of Ms. Pooja Jain from the same role on 10 April 2026. In the same board meeting, the company also appointed S K Bhavsar & Co. as Statutory Auditors for FY 2026-27, with authority to finalize financial statements of earlier years that were pending due to NCLT proceedings. Additionally, a new Secretarial Auditor (Pooja M Patel & Associates, 5-year term) and Internal Auditor (Kishan Patel & Associates, FY 2026-27) were appointed, and the registered office was shifted from Bandra West to Andheri West in Mumbai. The mention of NCLT proceedings suggests the company is restructuring its governance after emerging from insolvency proceedings.
For shareholders, the appointments indicate the company is normalizing its compliance and audit functions after NCLT proceedings, which is a positive step toward regulatory hygiene. The simultaneous KMP change, new auditors, and office shift together signal a broader post-restructuring reset rather than a single event, with limited direct impact on near-term stock price.