Talwalkars Better Value Fitness Limited (NSE: TALWALKARS) confirmed the resignation of Chief Financial Officer Satish Sahadev Kalmaste. The departure is effective October 6, 2026, with the company stating the move is due to personal reasons.

In a filing to BSE and NSE under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Talwalkars disclosed that Kalmaste tendered his resignation from the Key Managerial Personnel role. The company affirmed that no other material reasons exist for his exit beyond those cited in the resignation letter.

Regulatory disclosures and timeline

The intimation was submitted on October 6, 2026, by Director Shilpa Singh. The disclosure adheres to 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.

Resignation letter specifics

Kalmaste’s formal letter to the Board of Directors reiterated that his resignation stems solely from personal grounds. He requested the Board to note the resignation and relieve him from the position with effect from the same date. Additionally, he asked the company to proceed with necessary statutory filings with the Registrar of Companies and other applicable authorities to formalize the change.

The filing does not disclose any interim appointment for the CFO role or any immediate succession plan details within this specific communication.

Talwalkars Better Value Fitness Limited announced a significant change in its board composition following a meeting held on October 5, 2026. The company appointed Jiten Chhaganlal Chandra as a Non-Executive Additional Director while simultaneously accepting the resignation of Meena Arvind Bhanushali from the position of Managing Director.

The board meeting, which commenced at 5:00 pm and concluded at 5:15 pm, was conducted without prior intimation to stock exchanges. The appointments and resignations were effective immediately upon the closure of working hours on the same day.

Board appointments and resignations

The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, appointed Jiten Chhaganlal Chandra (DIN: 07965371) as Non-Executive Additional Director. This appointment is subject to approval by regulatory authorities and shareholders at the ensuing General Meeting.

Chandra has been associated with Violet Media LLP since 2018, where he gained experience in digital advertising and business operations. His profile notes active involvement in coordinating business activities, client relationships, and supporting operational functions. The filing confirms he holds no directorship in other listed entities and is not related to any existing director.

Concurrently, the Board took note of the resignation of Meena Arvind Bhanushali (DIN: 10816424) as Managing Director. Her cessation from office is effective from the closure of working hours on October 5, 2026.

Regulatory disclosures

The company disclosed these changes in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant SEBI circulars regarding director changes. The filing affirmed that Chandra is not debarred from accessing capital markets or holding the office of director by any order of the Securities and Exchange Board of India or other authorities.

The board meeting was digitally signed by Shilpa Singh, Director (DIN: 08448114), confirming the outcome of the proceedings.