Intimation of Demise of Managing Director (Promoter) of the Company.
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Typhoon Financial Services Ltd has informed the stock exchange about the sudden demise of Mr. Ashok Kumar Chhajer, its Managing Director and Promoter, who passed away on 6th July 2025. Mr. Chhajer, who held DIN 00280185, was a Key Managerial Personnel and held 93,100 equity shares in the company. In line with SEBI LODR Regulation 31A(6)(c), he will cease to be part of the Promoter/Promoter Group. The Board has expressed grief and committed to ensuring continuity of operations and business growth. The intimation was signed by Director Rajkumari Udhwani (DIN: 02636225).
This is a significant leadership event for a small-cap listed NBFC, as the MD and Promoter was central to the company's direction. Shareholders may see short-term uncertainty around management succession and promoter holding changes, which could put some pressure on the stock until a new MD/CEO is appointed.