Typhoon Financial Services Announces Key Board Decisions and 35th AGM Details

Typhoon Financial Services Limited (TFSL) has made several significant announcements following its recent board meeting, including the scheduling of its 35th Annual General Meeting (AGM) and important changes in its leadership and auditing structure.

AGM and E-voting Details

The company's board has set September 29, 2025, as the date for its 35th AGM, which will be conducted through video conferencing. In line with modern corporate governance practices, TFSL will provide its shareholders with remote e-voting facilities. The e-voting period will commence on September 26 at 9:00 a.m. and conclude on September 28 at 5:00 p.m., with September 22, 2025, set as the cut-off date for determining voting rights.

New Appointments and Auditor Changes

Statutory Auditors

TFSL's board has recommended the appointment of M/s. Virendra Surana & Co., Chartered Accountants, as the company's new statutory auditors. The firm, which boasts over 35 years of experience in financial services, is set to hold office for a five-year term from the conclusion of the 35th AGM until the 40th AGM in 2030, subject to shareholder approval.

Secretarial Auditors

The board has also recommended M/s. Nishant Pandya & Associates, Practising Company Secretaries, as the company's secretarial auditors for a five-year term from FY 2025-26 to FY 2029-30. This appointment is also subject to shareholder approval at the upcoming AGM.

New Director Appointment

In a move to strengthen its leadership, TFSL has appointed Mr. Rishab Chhajer as an Additional Non-Executive Non-Independent Director, effective July 26, 2025. Mr. Chhajer, who holds a Bachelor's degree in Industrial Engineering, brings valuable experience in industrial engineering, business administration, sales, marketing, and administration to the board.

Committee Restructuring

The company has reconstituted its Stakeholders Relationship Committee. The new structure is as follows:

These changes reflect TFSL's commitment to maintaining strong corporate governance and adapting to evolving business needs. All appointments and recommendations are subject to shareholder approval at the upcoming AGM, underscoring the company's adherence to regulatory requirements and shareholder interests.

The board meeting that resulted in these decisions commenced at 4:00 p.m. and concluded at 5:50 p.m. on July 26, 2025. Shareholders and interested parties are advised to mark their calendars for the upcoming AGM and take note of the e-voting dates to ensure their participation in these important corporate decisions.