Talwalkars Appoints New MD, Directors, CFO, and Company Secretary Post NCLT Order
Talwalkars appointed Arvind Pradhan Bhanushali as MD, Kurjibhai Premjibhai Rupareliya as Executive Director, and Shilpa Singh as Non-Executive Director. Pooja Jain is the new Company Secretary and Satish Kalmaste is the new CFO. These changes are effective March 16, 2026, following an NCLT order.
Significant changes in key management and board positions can influence the company's strategic direction and operational efficiency.
The announcement details routine management and board changes as per a tribunal order, with no immediate positive or negative financial implications mentioned.
Talwalkars Better Value Fitness Limited announced key leadership changes following a Board Meeting held on March 16, 2026. The Board took note of the confirmation of new directors by the Hon'ble National Company Law Tribunal (NCLT), Mumbai, via its order dated February 26, 2026.
Newly appointed directors include Arvind Pradhan Bhanushali as Managing Director, Kurjibhai Premjibhai Rupareliya as Executive Director, Shilpa Singh as Non-Executive Director, and Priyanshu Sheth and Jignesh R. Lasaniawala as Independent Directors. These appointments are effective from March 16, 2026, with terms of appointment varying. Concurrently, the Board noted the cessation of office for former directors and KMPs, including Vinayak Ratnakar Gawande, Madhukar Vishnu Talwalkar, Girish Madhukar Talwalkar, Abhijeet Rajaram Patil, and Dinesh Srinivas Rao, also effective March 16, 2026, as per the NCLT order.
Further strengthening its management team, the company appointed Ms. Pooja Jain as Company Secretary and Compliance Officer, and Mr. Satish Kalmaste as Chief Financial Officer (CFO), both effective March 16, 2026. Ms. Jain is a qualified Company Secretary with a Master of Commerce degree and over three years of experience. Mr. Kalmaste holds a Bachelor of Commerce degree and has over 11 years of experience in Accounts, Finance, and Income Tax. The Board also re-constituted various committees. The meeting commenced at 04:30 PM and concluded at 05:00 PM.
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Talwalkars Better Value Fitness Limited filed this with the NSE as a statutory disclosure, categorised under key management changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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