Typhoon Financial shareholders confirm Chhajer as MD for 5 years
- Shareholders approved Rishab Chhajer's elevation as MD for 5 years
- Appointment effective from January 16, 2026, to January 15, 2031
- Audited financial statements for FY26 adopted at 36th AGM
- M/s. Kashyap R. Mehta & Partners appointed Secretarial Auditors
*this image is generated using AI for illustrative purposes only.
Typhoon Financial Services Limited confirmed the elevation of Rishab Chhajer as Managing Director for a five-year term during its 36th Annual General Meeting held on September 23, 2026. The approval ratifies the Board’s earlier decision, ensuring leadership continuity for the NBFC.
The meeting adopted the audited financial statements for the financial year ended March 31, 2026. Shareholders passed a special resolution confirming Chhajer’s appointment effective from January 16, 2026. This action complies with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key resolutions passed
Shareholders approved several key items through ordinary and special resolutions. The adoption of the Board of Directors' report and auditor's report for FY26 was passed as an ordinary resolution. Additionally, the company appointed M/s. Kashyap R. Mehta & Partners as Secretarial Auditors for a five-year term covering financial years 2026-27 to 2030-31.
The following table summarizes the primary resolutions transacted at the meeting:
| Resolution Type | Item Description | Outcome |
|---|---|---|
| Ordinary | Adoption of audited financial statements for FY26 | Passed |
| Ordinary | Re-appointment of Rishab Chhajer (DIN: 05184646) | Passed |
| Ordinary | Appointment of Secretarial Auditors for FY27-FY31 | Passed |
| Special | Elevation of Rishab Chhajer as MD for 5 years | Passed |
| Special | Authority to advance loans/guarantees under Section 185 | Passed |
Leadership continuity and governance
A significant governance update involved the elevation of Rishab Chhajer as Managing Director for a period of five years, effective from January 16, 2026, to January 15, 2031. This was approved via a special resolution. Chhajer was also re-appointed as a director liable to retire by rotation through an ordinary resolution.
The Board was granted authority to advance loans, give guarantees, or provide security pursuant to Section 185 of the Companies Act, 2013. This authority was approved by shareholders through a special resolution, ensuring the Board retains flexibility in capital allocation and credit support mechanisms within statutory limits.
Director profile and disclosures
Rishab Chhajer holds a Bachelor of Industrial Engineering and has experience in industrial engineering, business administration, sales, marketing, and administration. He is not debarred from holding the office of director by any SEBI order. His shareholding in the company is nil. Ms. Sushma A. Chhajer and Mr. Rishab A. Chhajer are related to each other.
Voting and compliance details
Remote e-voting facilities were provided to members from September 20, 2026, to September 22, 2026. Members attending the AGM who had not voted remotely exercised their rights via e-voting during the meeting. Kashyap R. Mehta and Yash K. Mehta of Kashyap R. Mehta & Partners served as Scrutinizers. The detailed voting results under Regulation 44(3) of SEBI LODR Regulations will be submitted separately.
Historical Stock Returns for Typhoon Financial Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.53% | +6.47% | 0.0% | 0.0% | 0.0% | 0.0% |
How will Rishab Chhajer's five-year tenure as Managing Director influence Typhoon Financial Services' long-term credit growth strategy and risk appetite?
What specific impact does the new authority to advance loans and guarantees under Section 185 have on the company's potential exposure to related-party transactions?
How might the appointment of Kashyap R. Mehta & Partners as Secretarial Auditors for FY27-FY31 affect the company's regulatory compliance posture and governance standards?
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