This is to inform you that the Board of Directors of the Company in their meeting held today i.e. on 16th January, 2026, based on the recommendation of Nomination and Remuneration Committee, ....
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Typhoon Financial Services Ltd has elevated Mr. Rishab Chhajer from Director to Managing Director of the company for a period of five years, effective 16th January 2026. The decision was taken at a board meeting on the same day, based on the recommendation of the Nomination and Remuneration Committee, and is subject to shareholder approval. Mr. Chhajer holds a Bachelor's degree in Industrial Engineering and has experience in industrial engineering, business administration, sales, marketing, and administration. The disclosure notes that he is related to existing Director Ms. Sushma Chhajer. He currently holds no shares in the company.
The elevation of an existing director to MD strengthens the leadership team, though the family connection between the new MD and an existing director may raise governance questions for some shareholders. The move is subject to shareholder approval at a future general meeting.