Board has appointed Mr. Rishab Chhajer as non executive non independent director of the company
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Typhoon Financial Services' board, at its meeting on 26th July 2025, appointed Mr. Rishab Chhajer (DIN: 05184646) as an Additional Non-Executive Non-Independent Director. The board also recommended appointing M/s. Virendra Surana & Co. as Statutory Auditors for a 5-year term (35th AGM to 40th AGM in 2030), replacing the existing auditors upon completion of their term. Additionally, M/s. Nishant Pandya & Associates was recommended as Secretarial Auditor for FY 2025-26 to FY 2029-30. The 35th AGM is scheduled for 29th September 2025 via video conferencing, and the Stakeholders Relationship Committee was re-constituted with Mr. Chhajer as a member.
Mr. Rishab Chhajer is related to existing Director Ms. Sushma Chhajer, indicating a promoter-family member joining the board, which may raise governance questions for minority shareholders. The auditor changes appear to be routine end-of-term rotations rather than midterm resignations, so no immediate red flag there. Shareholders should review the director appointment and auditor proposals at the upcoming AGM.