Talwalkars Better Value Fitness Limited board approved alterations to its Memorandum of Association (MOA) and scheduled its 16th Annual General Meeting (AGM) on September 1, 2026. The changes aim to expand the company's operational scope beyond fitness services.

The board meeting, held at the company's registered office in Mumbai, focused on strategic structural updates rather than financial results. Management approved the Directors' Report for FY26 alongside the MOA amendments.

Strategic Expansion via MOA Alteration

The primary outcome was the approval to alter the Object Clause of the MOA. This requires member approval via a Special Resolution and necessary statutory permissions. The amendments introduce new main objects under Clause III A, specifically clauses [3] through [7].

New Business Verticals

The expanded objects permit the company to engage in distinct non-fitness sectors:

• Intellectual Property Licensing: Granting or taking licenses for trademarks, trade names, and know-how, including the "Talwalkar" brand variants, domestically and abroad.
• Audio-Visual Content: Producing, acquiring, distributing, and exploiting films, web series, and other cinematographic content across theatrical, digital, and OTT platforms.
• IP Rights Trading: Acquiring and commercially exploiting intellectual property rights, including copyrights and patents, as an independent business line.
• Film Rights Acquisition: Purchasing rights to unreleased or in-production films for distribution and exhibition globally.
• Jewellery and Gemstones: Designing, manufacturing, trading, and dealing in ornaments, jewellery, precious stones, and related support services like logistics and R&D.

Old clauses B and C of the previous MOA were removed to accommodate these additions. The company must secure regulatory approvals before executing these new business lines.

AGM Schedule and Voting Details

The board fixed the date for the 16th AGM as September 30, 2026, starting at 11:30 am. The meeting will be held at the registered office in Andheri West, Mumbai. M/S Pooja M Patel & Associates Practicing Company Secretary is appointed as the scrutinizer for e-voting and venue voting.

Shareholders holding shares as of September 23, 2026, are eligible to vote. The register of members and share transfer books remain closed from September 24 to September 30, 2026, inclusive, to facilitate the AGM process.

Talwalkars Better Value Fitness Limited accepted the resignation of Arvind Pradhan Bhanushali as non-executive director effective August 24, 2026. The departure follows a personal reason cited by the director.

The company notified the Bombay Stock Exchange and National Stock Exchange under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Meena Arvind Bhanushali, managing director, signed the intimation letter.

Resignation Details

Arvind Pradhan Bhanushali confirmed there were no other material reasons for his exit besides personal matters. He requested the board to record his resignation and complete necessary statutory filings with the Registrar of Companies.

The disclosure aligns with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023.