The Board of Directors of Talwalkars Better Value Fitness Ltd in its meeting held on 9th August, 2018 (commenced at 5.00 p.m. and concluded at 9.00 p.m.) has taken on record the resignation of Mr. Prashant Talwalkar, Managing Director and CEO, Mr. Anant Gawande, Mr. Harsha Bhatkal, Whole-time Directors and Dr. Avinash Phadke, Independent Director w.e.f. 9th August, 2018.
The board changed the designation of Mr. Girish Talwalkar from Chairman to Managing Director and CEO w.e,f. 9th August , zOtB for a period of 5 years subject to the approval of members in the forth-coming Annual General Meeting.
Mr. Girish Talwalkar is related to Mr. Madhukar Talwalkar, being his son and that he is not debarred from holding office of director by virtue of any SEBI order or any such authority.
Girish Talwalkar holds a Masters Degree in Physiotherapy from University of Mumbai. He has a very wide experience in setting up and running of health clubs. He is responsible for strategic planning, project management, execution, corporate tie ups and human resource (HR)function of our Company ilnd other promotional activities.
He has expertise in project management and execution which will help the Company in achieving the desired growth.
Shares of Talwalkars Better Value Fitness Ltd was last trading in BSE at Rs.33.5 as compared to the previous close of Rs. 33.15. The total number of shares traded during the day was 14566 in over 197 trades.
The stock hit an intraday high of Rs. 34.65 and intraday low of 32.5. The net turnover during the day was Rs. 492399.