Board approves Shilpa Singh as Managing Director for five years; also appointed CFO

Board met on 07-10-2026 without prior intimation.

Wed 7 Oct 2026

MD Appointment Term

five consecutive years from 07.10.2026 to 06.10.2031

CFO Appointment Effective Date

07-10-2026

Shares Held by Appointee

not holding any shares

What the company disclosed

Talwalkars Better Value Fitness Ltd informed the exchanges about the outcome of a Board meeting held on Wednesday, 07-10-2026, described in the update as an outcome without intimation of Board meeting. Three items of business were transacted.

Key decisions

• Based on the recommendation of the Nomination and Remuneration Committee, the Board approved a change in designation of Ms. Shilpa Singh (DIN: 08448114) from Non-Executive Non-Independent Director to Managing Director of the Company w.e.f. 07-10-2026, for a period of five consecutive years. This is subject to the approval of regulatory/statutory authorities and the shareholders of the Company at the ensuing General Meeting.
• The Board appointed Ms. Shilpa Singh as Chief Financial Officer of the Company w.e.f. 07-10-2026, also based on the recommendation of the Nomination and Remuneration Committee.
• The Board considered reconstitution of various committees.

What the update states about Ms. Shilpa Singh:

• Term of appointment as Managing Director: 5 years, from 07.10.2026 to 06.10.2031.
• Brief profile: overall 15+ year of experience in media and marketing, digital marketing.
• She is not related to any Director of the Company.
• Names of listed entities in which she holds directorship: Nil.
• She is not debarred from holding the office of Directors by virtue of any SEBI order or any other such authority.
• Number of shares held: not holding any shares.

How to read this

The same person is being appointed to two roles - Managing Director and Chief Financial Officer - with the Managing Director role running for a fixed five-year term from 07.10.2026 to 06.10.2031. The change in designation moves her from a Non-Executive Non-Independent Director position to an executive one, and the update states this is subject to statutory/regulatory and shareholder approval at the ensuing General Meeting. The CFO appointment is stated as effective from 07-10-2026.

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