Talwalkars Better Value Fitness Limited has informed the Exchange regarding Appointment of Ms Ms. Pooja Jain [ACS: 70393] as Company Secretary & Compliance Officer of the company w.e.f. March 16, 2026.
Awaiting price reaction for this filing.
Talwalkars Better Value Fitness has undergone a complete board overhaul following an NCLT (National Company Law Tribunal) order dated February 26, 2026, under the company's insolvency resolution process. The NCLT confirmed 5 new directors effective March 16, 2026, including new Managing Director Arvind Pradhan Bhanushali, Executive Director Kurjibhai Rupareliya, Non-Executive Director Shilpa Singh, and Independent Directors Priyanshu Sheth and Jignesh Lasaniawala. Simultaneously, 5 existing directors/KMPs ceased office, including promoter-family Managing Director Girish Talwalkar, Whole-Time Director Madhukar Talwalkar, and CFO Dinesh Srinivas Rao. Ms. Pooja Jain was appointed as the new Company Secretary & Compliance Officer, and Mr. Satish Kalmaste was appointed as the new CFO. Board committees were also re-constituted.
This is a major management reset driven by the insolvency tribunal, removing the founding Talwalkar family from the board and replacing them with entirely new directors. For shareholders, this signals ongoing corporate insolvency proceedings and significant uncertainty about the company's future direction, with the final outcome dependent on the approved resolution plan.