Board approves change in designation of Shilpa Singh to MD, also appoints her CFO

Board meeting held on Wednesday, 07 October 2026.

Wed 7 Oct 2026

Effective Date

07 October 2026

MD Term

five consecutive years

Experience

15+ year of experience in media and marketing, digital marketing

Leadership change at the top

The Board of Talwalkars Better Value Fitness Limited met on Wednesday, 07 October 2026 and approved a change in designation of Ms. Shilpa Singh (DIN: 08448114) from Non-Executive Non-Independent Director to Managing Director of the Company.

• Effective from 07 October 2026
• Term of 5 years, from 07.10.2026 to 06.10.2031
• Subject to the approval of regulatory/statutory authorities and the shareholders of the Company at the ensuing General Meeting
• Based on the recommendation of the Nomination and Remuneration Committee

The same person as CFO

• The Board also appointed Ms. Shilpa Singh as Chief Financial Officer (CFO) of the Company with effect from 07 October 2026
• So the Managing Director and CFO positions are both held by her

What the update says about her

• Overall 15+ year of experience in media and marketing, digital marketing
• Not related to any Director of the Company
• Holds Nil directorship in listed entities
• Not debarred from holding the office of Directors by virtue of any SEBI order or any other such authority
• Not holding any Shares in the Company

Also on the agenda

• The Board considered reconstitution of various committee(s)
• The meeting commenced at 04:15 PM and concluded at 04:45 PM

How to read this

An MD is the senior-most executive position in a company and the CFO heads the finance function; here both responsibilities sit with the same person. The MD appointment takes effect subject to the required approvals, including the approval of the shareholders at the ensuing General Meeting.

The disclosure is the outcome of a board meeting and is submitted under the heading "Outcome without Intimation of Board Meeting held on Wednesday, 07th October 2026". It covers board-level appointments and the reconstitution of committees; the measurable details here are the 5 years term, the 15+ year of experience, Nil listed-entity directorships and Not holding any Shares.

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