Talwalkars Lifestyles Limited announced that at the meeting of the board of directors held on August 10, 2018, approved; change in designation of Mr. Prashant Talwalkar from Chairman to Managing Director and CEO. His tenure would be for a period of 5 years with effect from 10 August 2018, subject To Approve the Members in the General Meeting; appointment of Mr. Anant Gawande as Additional Director (Promoter Director) with effect from 10 August 2018; appointment of Mr. Harsha Bhatkal as Additional Director (Promoter Director) with effect from 10 August 2018; appointment of Dr. Avinash Phadke as an Additional Director (Non-Executive Independent Director) with effect from 10 August 2018, subject to approval of Members in the General Meeting; appointment of Mr. Dipan Merchant as an Additional Director (Non- Executive Independent Director) with effect from 10 August 2018, subject to approval of Members in the General Meeting. Prashant Talwalkar has over 25 years' experience in marketing of health clubs.

He is also responsible for corporate tie ups and other promotional activities of the company. Mr. Anant Gawande is a fellow of the Institute of Chartered Accountants of India since 1989. Mr. Harsha Bhatkal worked as a business journalist for Update Magazine and went on to create Vans Information.

Dr. Avinash Phadke is Honorary Secretary to prince Aly Khan Hospital and Executive Committee President and Advisor to Prince Aly Khan Hospital and Aga Khan Health Foundation. Mr. Dipan Merchant is practicing Senior Counsel, since, last 39 years.