Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs1.80 crore on Talwalkars Better Value Fitness Ltd (TBVFL) and the company s top executives, including two chairpersons, for misrepresenting the financial statements and failing to make true and adequate disclosures. In a separate order, SEBI also slapped a penalty of Rs66 lakh on Talwalkars HealthClubs Ltd (THL) and the company s four executive directors (EDs) and chief financial officer (CFO).
Mumbai: SEBI Imposes ₹2 46 Crore Penalties On Talwalkars Fitness Chain And Promoters For Disclosure Violations freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.