Talwalkars Better Value Fitness Limited (TALWALKARS)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Talwalkars Better's revenue was ₹0.0 Cr, and net profit ₹-3.0 Cr.
| Q1 FY27 (₹ Cr) | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹0.0 | — | — |
| Operating profit | ₹-0.3 | — | — |
| Net profit | ₹-3.0 | — | — |
| EPS (₹) | -0.95 | — | — |
📢 Recent Corporate Announcements
Talwalkars Better Value Fitness Limited has fixed October 26, 2026, as the record date for its capital reduction pursuant to an NCLT order. The company reported zero revenue and a net loss of Rs 2.96 crore for the quarter ended June 2026. The capital reduction follows insolvency and restructuring proceedings under NCLT guidelines. Specific share restructuring ratios and post-reduction capital details were not disclosed in the announcement.
- Record date for capital reduction fixed as October 26, 2026
- Capital reduction is being executed pursuant to an NCLT Order under SEBI LODR Regulation 42
- Company posted net loss of Rs 2.96 crore on zero revenue in the quarter ended June 2026
- Board meeting approving the record date was held on October 13, 2026, from 05:00 PM to 05:30 PM
Talwalkars Better Value Fitness reported zero operational revenue and a net loss of ₹303.03 lakhs (₹3.03 crore) for the quarter ended September 30, 2026. The Board approved October 26, 2026, as the record date for determining shareholder entitlement to receive shares pursuant to NCLT and NCLAT orders following its liquidation sale as a going concern. The allotment of 1,00,00,000 new equity shares (95% to acquirers/nominees, 5% to public/strategic investors) remains pending, and trading of the stock on BSE and NSE remains suspended.
- Revenue from operations was ₹0.00 for Q2 FY27, with total net loss of ₹303.03 lakhs
- Record date set for October 26, 2026, to determine existing shareholder entitlement per NCLT order
- Allotment of 1,00,00,000 new equity shares pending regulatory approvals (95% to new promoters, 5% to public/strategic)
- Depreciation and amortisation expenses stood at ₹269.85 lakhs for the quarter ended September 30, 2026
- Cash and cash equivalents reported at ₹0.55 lakhs as of September 30, 2026
Talwalkars Better Value Fitness Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate issued by MUFG Intime India Private Limited confirms that securities received for dematerialisation were processed and confirmed or rejected within prescribed timelines. Furthermore, cancelled security certificates were duly mutilated and depository names substituted in the register of members. This represents a standard quarterly regulatory compliance intimation with no operational or financial impact.
- Regulation 74(5) certificate issued for the quarter ended September 30, 2026
- Issued by registrar MUFG Intime India Private Limited on October 3, 2026
- Digital signature recorded on October 8, 2026 at 13:02:44 +05'30'
- Confirms dematerialisation requests handled and share certificates mutilated within prescribed timelines
Talwalkars Better Value Fitness Limited has approved the appointment of Ms. Shilpa Singh as Managing Director for a 5-year term from October 07, 2026 to October 06, 2031, subject to shareholder and regulatory approvals. Additionally, Ms. Singh has been appointed as Chief Financial Officer effective October 07, 2026. The company remains financially stressed, reporting zero revenue and a net loss of Rs 2.96 crore for the quarter ended June 2026. Ms. Singh holds no shares in the company and brings over 15 years of experience in media and marketing.
- Shilpa Singh appointed Managing Director for a 5-year term spanning October 07, 2026 to October 06, 2031
- Simultaneous appointment of Shilpa Singh as Chief Financial Officer effective October 07, 2026
- Appointee holds zero shares in the company and has 15+ years of experience in media and marketing
- Company posted Rs 0.0 crore revenue and a net loss of Rs 2.9568 crore in the June 2026 quarter
Talwalkars Better Value Fitness Limited has approved the appointment of Ms. Shilpa Singh as Managing Director for a 5-year term from October 07, 2026 to October 06, 2031, subject to shareholder and regulatory approvals. Additionally, Ms. Singh has been appointed as Chief Financial Officer effective October 07, 2026. The company remains financially stressed, reporting zero revenue and a net loss of Rs 2.96 crore for the quarter ended June 2026. Ms. Singh holds no shares in the company and brings over 15 years of experience in media and marketing.
- Shilpa Singh appointed Managing Director for a 5-year term spanning October 07, 2026 to October 06, 2031
- Simultaneous appointment of Shilpa Singh as Chief Financial Officer effective October 07, 2026
- Appointee holds zero shares in the company and has 15+ years of experience in media and marketing
- Company posted Rs 0.0 crore revenue and a net loss of Rs 2.9568 crore in the June 2026 quarter
Talwalkars Better Value Fitness Limited announced that its Chief Financial Officer, Mr. Satish Sahadev Kalmaste, has resigned from his post with effect from October 06, 2026, citing personal reasons. The company confirmed there are no other material reasons for the departure. The company is currently operating under severe financial distress, having reported nil revenue and a net loss of Rs 2.96 crore in the June 2026 quarter. A successor for the CFO position was not named in the filing.
- Resignation of CFO Mr. Satish Sahadev Kalmaste effective 06th October 2026
- Departure attributed solely to personal reasons according to the filing
- Company posted zero revenue (Rs 0.0 cr) and a net loss of Rs 2.9568 cr in Jun 2026
- No immediate appointment of a replacement CFO was disclosed
Talwalkars Better Value Fitness announced that Managing Director Ms. Meena Arvind Bhanushali resigned effective October 05, 2026. Concurrently, the Board appointed Mr. Jiten Chhaganlal Chandra as a Non-Executive Additional Director effective the same date, subject to shareholder approval. The company reported zero revenue and a net loss of Rs 2.96 crore for the quarter ended June 2026. The meeting commenced at 5:00 PM and concluded at 5:15 PM.
- Ms. Meena Arvind Bhanushali resigned as Managing Director effective closure of working hours on October 05, 2026
- Mr. Jiten Chhaganlal Chandra appointed as Non-Executive Additional Director effective October 05, 2026
- Board meeting conducted within 15 minutes, from 05:00 PM to 05:15 PM on October 05, 2026
- Financial context shows Q1 (Jun 2026) revenue of Rs 0.0 crore and net loss of Rs 2.9568 crore
Talwalkars Better Value Fitness announced that Managing Director Ms. Meena Arvind Bhanushali resigned effective October 05, 2026. Concurrently, the Board appointed Mr. Jiten Chhaganlal Chandra as a Non-Executive Additional Director effective the same date, subject to shareholder approval. The company reported zero revenue and a net loss of Rs 2.96 crore for the quarter ended June 2026. The meeting commenced at 5:00 PM and concluded at 5:15 PM.
- Ms. Meena Arvind Bhanushali resigned as Managing Director effective closure of working hours on October 05, 2026
- Mr. Jiten Chhaganlal Chandra appointed as Non-Executive Additional Director effective October 05, 2026
- Board meeting conducted within 15 minutes, from 05:00 PM to 05:15 PM on October 05, 2026
- Financial context shows Q1 (Jun 2026) revenue of Rs 0.0 crore and net loss of Rs 2.9568 crore
Talwalkars Better Value Fitness announced that Managing Director Ms. Meena Arvind Bhanushali resigned effective October 05, 2026. Concurrently, the Board appointed Mr. Jiten Chhaganlal Chandra as a Non-Executive Additional Director effective the same date, subject to shareholder approval. The company reported zero revenue and a net loss of Rs 2.96 crore for the quarter ended June 2026. The meeting commenced at 5:00 PM and concluded at 5:15 PM.
- Ms. Meena Arvind Bhanushali resigned as Managing Director effective closure of working hours on October 05, 2026
- Mr. Jiten Chhaganlal Chandra appointed as Non-Executive Additional Director effective October 05, 2026
- Board meeting conducted within 15 minutes, from 05:00 PM to 05:15 PM on October 05, 2026
- Financial context shows Q1 (Jun 2026) revenue of Rs 0.0 crore and net loss of Rs 2.9568 crore
Talwalkars Better Value Fitness Limited submitted the scrutinizer's report for its Annual General Meeting held on September 30, 2026. All six ordinary and special resolutions were passed with over 98% majorities. Key approvals included the adoption of FY26 financial statements, regularisation of Ms. Meena Arvind Bhanushali as Managing Director, and the adoption of a new Memorandum of Association with additional main objects. Notably, total voting participation was extremely thin, with only around 47,000–47,500 total votes cast across resolutions.
- Adoption of FY26 Audited Financial Statements passed with 99.70% votes cast in favour (47,449 votes).
- Appointment regularisation of Managing Director Meena Arvind Bhanushali approved with 99.16% majority.
- Special resolution for adoption of new MOA and insertion of additional main objects approved with 99.16% votes in favour (46,894 votes).
- Appointment of M/s S K Bhavsar & Co. as Statutory Auditor approved with 99.62% majority.
Talwalkars Better Value Fitness Limited held its Annual General Meeting on September 30, 2026. Key business items voted upon included the adoption of FY2025-26 financial statements, the regularization of Ms. Meena Arvind Bhanushali as Managing Director, and the adoption of a new set Memorandum of Association with additional main objects. Voting results from remote e-voting and ballot will be disclosed within two working days.
- Annual General Meeting held on September 30, 2026, from 11:30 A.M. to 12:30 P.M.
- Shareholders voted on 6 agenda items, including 1 Special Resolution for amending the Memorandum of Association
- Appointment of M/s. S K Bhavsar & Co as Statutory Auditor proposed for a period of 5 years
- E-voting period ran from September 27, 2026 (9:00 A.M.) to September 29, 2026 (5:00 P.M.)
Talwalkars Better Value Fitness Limited has cancelled its Board Meeting originally scheduled for September 24, 2026. The meeting was set to consider and approve a proposal for the reduction of share capital and a preferential issue of shares pursuant to an NCLT Order. The company stated it will communicate a revised meeting date in due course. In its latest reported quarter (Jun 2026), the company generated zero revenue and posted a net loss of Rs 2.96 crore.
- Board Meeting scheduled for September 24, 2026, officially cancelled
- Meeting agenda included share capital reduction pursuant to an NCLT Order
- Agenda also included fund raising via preferential issue as per the NCLT Order
- Revised date for the Board Meeting will be announced in due course
- Company posted zero revenue and a net loss of Rs 2.9568 cr in Jun 2026 quarter
Talwalkars Better Value Fitness responded to an NSE query dated 03-Sep-2026 regarding discrepancies in reported EPS in its XBRL submission. The company clarified that the EPS figure in the XBRL filing is consistent with the uploaded financial results for the quarter ended 30-Jun-2026. For Q1 FY27 (quarter ended Jun 2026), the company posted zero revenue and a net loss of Rs 2.9568 crore with an EPS of Rs -0.95. This filing is purely administrative to resolve exchange data reconciliation.
- Responded to NSE query dated 03-Sep-2026 regarding XBRL EPS discrepancy
- Clarified that XBRL figures match the quarterly financial results uploaded for the period ended 30-Jun-2026
- Company reported net loss of Rs 2.9568 crore and EPS of Rs -0.95 for the quarter ended Jun 2026
- Company generated zero revenue (Rs 0.0 crore) for the quarter ended Jun 2026
Talwalkars Better Value Fitness Limited submitted an NCLAT order dated September 3, 2026, regarding an appeal filed by the successful auction purchaser, Ravikumar Gaurishankar Patel. The purchaser acquired the company as a going concern in an e-auction for ₹15 crore after liquidation proceedings were initiated in April 2022. The appeal challenges an NCLT order that partly rejected concessions and reliefs sought, which include the extinguishment of existing equity shares without payment, the issuance/listing of new shares, and a clean-slate waiver of past liabilities under Section 32A of the IBC.
- Company was acquired in an e-auction as a going concern for a total bid price of ₹15 Cr
- Company had originally entered CIRP on 11.01.2021 and was ordered into liquidation on 28.04.2022
- Sale Certificate was issued on 23.01.2025 following full payment of the ₹15 Cr consideration
- Reliefs sought before appellate tribunal include total extinguishment of existing shares and clean-slate waiver of prior liabilities
Talwalkars Better Value Fitness Limited has issued the notice for its Annual General Meeting scheduled for September 30, 2026. Key special resolutions include the regularisation of Ms. Meena Arvind Bhanushali as Managing Director for a 5-year term effective August 19, 2026, and the appointment of M/s. S K Bhavsar & Co. as Statutory Auditors for 5 years. Notably, the company is seeking shareholder approval to amend its Memorandum of Association to add new main objects, enabling diversification into film/content production, IP exploitation, and jewellery/gemstone trading. This comes against the backdrop of zero operating revenue and a net loss of Rs 2.96 cr reported in the June 2026 quarter.
- Annual General Meeting convened for September 30, 2026, at 11:30 AM IST in Mumbai.
- Proposed appointment of Ms. Meena Arvind Bhanushali as Managing Director for 5 years starting August 19, 2026.
- Proposed appointment of M/s. S K Bhavsar & Co., Chartered Accountants, as Statutory Auditors for a 5-year term (FY 2026-2027 to 2030-31).
- Special resolution to alter the Memorandum of Association to include new business lines in film production, distribution, intellectual property rights, and jewellery trading.
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