Talwalkars Better Value Fitness Ltd Clarifies on Media Report

Talwalkars Better Value Fitness Ltd has clarified to the stock exchange that, "We understand from media reports that one, Mr. Rohit Talwalkar, has been arrested on account of alleged service tax evasion. We would like to state that the said Rohit Talwalkar is not associated with Talwalkars Better Value Fitness Limited in any capacity whatsoever. Whatever entity he represents just happens to share a part of our name and this event has no connection with our company or its operations.

Talwalkars Better Value Fitness Limited would further assert that it is up to date and regular in its payment of service tax dues."

Shares of Talwalkars Better Value Fitness Ltd was last trading in BSE at Rs.144.95, down by Rs.3.65 or 2.46%. The stock hit an intraday high of Rs.152.90 and intraday low of Rs.130.10.

The total traded quantity was 2.08 lakh shares as compared to 2 week average of 0.32 lakh shares.

Source : Equity Bulls

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