CFO Satish Sahadev Kalmaste resigns with effect from 06 October 2026

Talwalkars Better Value Fitness Ltd has informed the exchanges that Chief Financial Officer Mr. Satish Sahadev Kalmaste has resigned from the post with effect from 06 October 2026, citing personal reasons.

Tue 6 Oct 2026

Designation

Chief Financial Officer

Effective Date of Resignation

06 October 2026

Reason for Resignation

personal reasons

CFO steps down

Talwalkars Better Value Fitness Ltd has disclosed that Mr. Satish Sahadev Kalmaste has resigned from the position of Chief Financial Officer of the Company, with effect from 06th October 2026.

What the intimation states

• The reason given for the resignation is personal reasons.
• He has confirmed that there are no other material reasons for his resignation other than those mentioned.
• The exit is effective from 06th October 2026.

Annexure details

The update carries an "Annexure-A" giving the disclosure of events and information, which restates the resignation from the post of Chief Financial Officer with effect from 06th October 2026, and shows 06th October 2026 as the date of cessation.

Who signed

The exchange intimation is signed by Shilpa Singh, Director (DIN: 08448114).

The resignation letter from Mr. Kalmaste, addressed to the Board of Directors, is also part of the update. In it he states that the resignation is due to personal reasons, confirms there are no other material reasons, and requests the Board to take note of the resignation and relieve him from the said position with effect from 06th October 2026.

Why this matters

A Chief Financial Officer is a Key Managerial Person, responsible for the company's finance, accounts and financial reporting functions. A change at this level is a senior management change, and listed companies are required to inform the exchanges when a Key Managerial Person resigns.

The company has said the resignation is on personal grounds and that there are no other material reasons. Investors usually watch for the next steps in the finance function, such as who takes over the role.

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