Talwalkars Better Value Fitness Limited has launched its new functional website, talwalkarsfitness.com, marking a key step in its operational restructuring following an acquisition as a going concern. The initiative addresses regulatory requirements for information dissemination under the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. This development signals the company’s transition to a stable digital infrastructure for shareholder communication and statutory disclosures.

The intimation was submitted to the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE) on August 12, 2026. Pursuant to Regulation 46 of the SEBI LODR Regulations, the company confirmed that the website is now active and designed to host all requisite information and disclosures applicable to listed entities. The filing was signed by Arvind Pradhan Bhanushali, Managing Director of Talwalkars Better Value Fitness Limited.

Regulatory Compliance and Website Functionality

The establishment of the website is a mandatory compliance measure following the company’s acquisition. The previous liquidation process necessitated a reset of corporate communications channels. The new platform at talwalkarsfitness.com serves as the primary source for disseminating material information to investors and stakeholders.

The company stated that it is currently in the process of updating and populating the website with specific historical data and ongoing disclosures required under the SEBI LODR framework. Management committed to ensuring timely updates in accordance with applicable provisions, thereby maintaining transparency with market participants.

Operational Context

The launch of the website follows the completion of the acquisition process, which saw Talwalkars Better Value Fitness Limited emerge from liquidation as a going concern. This structural change required the re-establishment of corporate governance mechanisms, including digital disclosure platforms. The registered office remains at Signature (By Lotus), Off Veera Desai Road Extn., Andheri West, Mumbai.

Arvind Pradhan Bhanushali, whose DIN is 00134211, authorized the submission. The company emphasized that the website contains all information and disclosures as applicable under Regulation 46, ensuring that investors have access to accurate and up-to-date corporate data. The focus now shifts to fully populating the site with detailed financial and operational records consistent with listing obligations.

Talwalkars Better Value Fitness Limited reported a net loss of ₹8,738.29 lakh for the financial year ended March 31, 2026, following the approval of its audited standalone financial results by the Board of Directors on May 30, 2026. The loss for the year was primarily driven by exceptional items amounting to ₹7,553.00 lakh, recognized pursuant to the execution of Fresh Start Accounting after an NCLT Relief Order. The company published these audited financial results in newspapers on June 02, 2026, pursuant to Regulation 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

NCLT Relief Order and Fresh Start Accounting

During the quarter ended March 31, 2026, the Hon'ble NCLT, Mumbai Bench, pronounced a Relief Order on February 26, 2026, which permanently extinguished all pre-transfer liabilities of financial and operational creditors and cancelled the existing equity share capital without payment to shareholders. Pursuant to this order, the company executed Fresh Start Accounting, writing back extinguished liabilities to Capital Reserve and recording transferred assets at management-determined values. The statutory auditor, M/s. S K Bhavsar & Co., Chartered Accountants, issued an unmodified opinion on the financial results.

Key Financial Metrics for FY26

The financial results reflect the impact of the corporate restructuring and the transition from liquidation to a going concern. The company reported a basic loss per share of ₹2.82 for the year ended March 31, 2026. The paid-up equity share capital remained at ₹3,100.49 lakh with a face value of ₹10.00 per share, pending formal cancellation and reissuance. The company confirmed it is not classified as a "Large Corporate" as per SEBI criteria, with outstanding borrowings of ₹10 Crores as on March 31, 2026.

Auditor's Emphasis and Material Uncertainty

The auditor's report highlighted several emphasis of matter points, including the NCLT Relief Order, the execution of Fresh Start Accounting, and the impairment of fixed assets where the exact realizability of balances has not yet been ascertained. Additionally, the auditor noted a material uncertainty related to the company's status as a going concern, dependent on the successful completion of pending SEBI approvals and the lifting of the trading suspension on BSE and NSE. Comparative figures for the previous year were reconstructed on a best-effort basis from fragmented records due to the liquidation period.