Tribhovandas Bhimji Zaveri Ltd (TBZ) Announcements - Latest Exchange Filings with AI Summaries
Latest corporate announcements filed by Tribhovandas Bhimji Zaveri Ltd on NSE and BSE, with an AI summary of each filing.
Disclosure in terms of Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015
Others (Uncategorized) · 04 Nov 2026, 11:21 pm
GRT Jewellers Acquires 74.12% Controlling Stake in Tribhovandas Bhimji Zaveri GRT Jewellers (India) Private Limited acquired 4,94,59,775 equity shares of Tribhovandas Bhimji Zaveri Limited (TBZ), representing a 74.12% controlling stake in the company's total paid-up equity share capital. The transaction was executed via an off-market purchase on 30th Oct'26 for a total value of INR 1033,70,92,975 (~INR 1,033.71 crore). Prior to this acquisition, GRT Jewellers held nil equity shares in TBZ. The formal regulatory disclosure under SEBI PIT Regulations was submitted on 3rd Nov'26 and notified to exchanges on 4th Nov'26.
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for GRT Jewellers (India) Pvt Ltd
Acquisition/ Disposal of Shares · 03 Nov 2026, 11:46 pm
GRT Jewellers Acquires 74.12% Controlling Stake in Tribhovandas Bhimji Zaveri GRT Jewellers (India) Pvt Ltd acquired 4,94,59,775 equity shares, representing a 74.12% stake, in Tribhovandas Bhimji Zaveri Limited via an off-market transfer executed on 30th Oct'26. The acquisition follows a share purchase agreement originally dated 31st Aug'26 and amended on 30th Oct'26 with the erstwhile promoters. Following this transaction, GRT Jewellers assumes management control and will be reclassified as the promoter, while the selling erstwhile promoter group ceases to hold shares and relinquishes promoter status under SEBI LODR regulations.
Disclosure in terms of Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015
Others (Uncategorized) · 30 Oct 2026, 9:23 pm
Tribhovandas Bhimji Zaveri Promoters Divest Entire 74.12% Equity Stake Tribhovandas Bhimji Zaveri Limited promoters and promoter group entities executed an off-market sale of 4,94,59,775 equity shares on 30th Oct'26, divesting their entire 74.12% paid-up equity stake to reduce their shareholding to nil. Key disposals include lead promoter Shrikant Gopaldas Zaveri selling 3,34,02,275 shares (50.06%) for INR 698.11 cr, Binaisha Zaveri offloading 52,85,000 shares (7.92%) for INR 110.46 cr, Raashi Zaveri transferring 45,72,500 shares (6.85%) for INR 95.57 cr, Bindu Zaveri selling 35,00,000 shares (5.24%) for INR 73.15 cr, alongside two entities selling 13,50,000 shares (2.02%) each.
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shrikant Gopaldas Zaveri & Others
Acquisition/ Disposal of Shares · 30 Oct 2026, 8:45 pm
Promoter Group Sells 74.12% Stake in Tribhovandas Bhimji Zaveri to GRT Jewellers Promoters of Tribhovandas Bhimji Zaveri Limited, including Shrikant Gopaldas Zaveri and family entities, offloaded their entire holding of 4,94,59,775 equity shares, representing approximately 74.12% of total paid-up share capital, on 30th Oct'26. The transaction was executed via an off-market transfer to GRT Jewellers (India) Private Limited under the Share Purchase Agreement dated 31st Aug'26. Following the sale, the sellers' aggregate shareholding in the company stands reduced to nil.
Intimation under Regulation 31A(10) and other applicable provisions of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015
Others (Uncategorized) · 30 Oct 2026, 8:34 pm
GRT Jewellers Acquires 74.12% Controlling Stake in Tribhovandas Bhimji Zaveri GRT Jewellers (India) Private Limited completed the acquisition of 4,94,59,775 equity shares, representing a 74.12% stake in Tribhovandas Bhimji Zaveri Limited, on 30th Oct'26 pursuant to the Share Purchase Agreement dated 31st Aug'26. Following the share transfer and the mandatory open offer under SEBI Takeover Regulations, GRT Jewellers assumed control as the new promoter. Consequently, the erstwhile promoters, including Mr. Shrikant Gopaldas Zaveri and family entities, ceased holding shares and stepped down from the promoter group in compliance with SEBI Listing Regulations.
The Board of Directors at its meeting held today i.e. Friday, 30th October, 2026 took note of the resignation of Mr. Shrikant Zaveri, Managing Director of the Company
Change in Management · 30 Oct 2026, 8:28 pm
GRT Jewellers Acquires 74.12% Stake in TBZ, Overhauls Board and Leadership On 30th Oct'26, GRT Jewellers completed the acquisition of 4,94,59,775 equity shares (74.12% stake) of Tribhovandas Bhimji Zaveri Limited (TBZ), making TBZ its subsidiary. Consequently, the erstwhile promoters ceased holding equity, relinquished control, and will be de-classified. Shrikant Zaveri resigned as Managing Director alongside Whole-Time Directors Binaisha and Raashi Zaveri. TBZ's Board appointed G. Rajendran Ananthapadmanabhan and G. Rajendran Radhakrishnan as Managing Directors for five years, recommended G. Rajendran as Non-Executive Director, and named K N Jeethendra Babu as Deputy CEO.
The Board of Directors at its meeting held today i.e. Friday, 30th October, 2026 took note of the resignation of Directors
Change in Management · 30 Oct 2026, 8:24 pm
GRT Jewellers Acquires 74.12% Controlling Stake in TBZ GRT Jewellers (India) Private Limited completed the acquisition of 4,94,59,775 equity shares (74.12% stake) of Tribhovandas Bhimji Zaveri Limited (TBZ) on 30th Oct'26, making TBZ its subsidiary. Consequently, erstwhile promoter group members sold their entire holding and will be declassified. TBZ's Board approved the resignations of Managing Director Shrikant Zaveri and Whole-Time Directors Binaisha and Raashi Zaveri. GRT's G. R. Ananthapadmanabhan and G. R. Radhakrishnan were appointed Managing Directors for five-year terms, while K N Jeethendra Babu was named Deputy CEO.
The Board of Directors at its meeting held today i.e. Friday, 30th October, 2026 has approved the Appointment and Resignation of Directors
Change in Management · 30 Oct 2026, 8:20 pm
GRT Jewellers Acquires 74.12% Controlling Stake in TBZ Following SPA Completion GRT Jewellers (India) Private Limited has completed the acquisition of 4,94,59,775 equity shares (74.12% stake) of Tribhovandas Bhimji Zaveri Limited on 30th Oct'26, making TBZ a subsidiary. Consequently, the erstwhile promoter group ceased control, transferred all shares, and will be declassified. Leadership reshuffles include the resignations of MD Shrikant Zaveri and Whole-Time Directors Binaisha and Raashi Zaveri. GRT nominees G.R. Ananthapadmanabhan and G.R. Radhakrishnan have been appointed Managing Directors for five-year terms, with G. Rajendran recommended as Non-Executive Director. K.N. Jeethendra Babu was appointed Dy. CEO.
Outcome of the 121st Meeting of the Board of Directors of the Company held on Friday, 30th October, 2026
Others (Uncategorized) · 30 Oct 2026, 8:15 pm
GRT Jewellers Acquires 74.12% Stake in TBZ Following SPA Execution GRT Jewellers (India) Private Limited has completed the acquisition of 4,94,59,775 shares (74.12% equity stake) in Tribhovandas Bhimji Zaveri Limited (TBZ) on 30th Oct'26, making TBZ a subsidiary. Consequently, erstwhile promoter group members sold their full holding and are declassified. Promoters Shrikant, Binaisha, and Raashi Zaveri resigned from directorships. G. Rajendran Ananthapadmanabhan and G. Rajendran Radhakrishnan were appointed Managing Directors for 5 years, G. Rajendran as Non-Executive Director, and K N Jeethendra Babu as Deputy CEO.
Outcome of the 121st Meeting of the Board of Directors of the Company held on Friday, 30th October, 2026
Others (Uncategorized) · 30 Oct 2026, 8:14 pm
GRT Jewellers Acquires 74.12% Controlling Stake in Tribhovandas Bhimji Zaveri GRT Jewellers (India) Private Limited has completed the acquisition of 4,94,59,775 equity shares, representing a 74.12% stake in Tribhovandas Bhimji Zaveri Limited (TBZ), making TBZ its subsidiary as of 30th Oct'26. Consequently, the erstwhile promoter group has exited completely and stands declassified. Following the takeover, MD Shrikant Zaveri and Whole-Time Directors Binaisha and Raashi Zaveri resigned. TBZ reconstituted its board, appointing G. Rajendran Ananthapadmanabhan and G. Rajendran Radhakrishnan as Managing Directors for five-year terms, alongside appointing K N Jeethendra Babu as Deputy CEO.
Tribhovandas Bhimji Zaveri Limited has informed the Exchange regarding Outcome of Board Meeting held on October 27, 2026.
Outcome · 27 Oct 2026, 10:10 pm
Unaudited (Standalone & Consolidated) Financial Results for the quarter and half year ended 30th September, 2026
Financial Result · 27 Oct 2026, 10:01 pm
Unaudited (Standalone and Consolidated) Financial Results for the quarter and half year ended 30th September, 2026
Outcome · 27 Oct 2026, 9:37 pm
Tribhovandas Bhimji Zaveri Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026.
Outcome · 27 Oct 2026, 9:33 pm
Tribhovandas Bhimji Zaveri Ltd - Financial Result for the Quarter ended 30th Sep'26 (Consolidated, INR Lakh) ■ Revenue: 70,535 (+2.5% YoY | -16.1% QoQ) ■ EBITDA: 4,612 (-28.1% YoY | -36.2% QoQ) ■ EBITDA Margin (%): 6.5 (-279 bps YoY | -206 bps QoQ) ■ PAT: 1,427 (-54.7% YoY | -57.9% QoQ) ■ EPS (INR): 2.14 (-54.8% YoY | -57.9% QoQ)
Tribhovandas Bhimji Zaveri Limited has informed the Exchange about Board Meeting to be held on 27-Oct-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Half Yearly ended September 2026 .
Intimation · 27 Oct 2026, 5:30 am
Tribhovandas Bhimji Zaveri Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/10/2026 ,inter alia, to consider and approve Unaudited Financial ....
Intimation · 27 Oct 2026, 5:30 am
Tribhovandas Bhimji Zaveri Schedules Board Meeting for Q2 FY27 Financial Results Tribhovandas Bhimji Zaveri Limited has notified exchanges that its Board of Directors is scheduled to meet on 27th Oct'26. The board will inter-alia consider and approve the unaudited standalone and consolidated financial results of the company for the quarter and half-year ended 30th Sep'26.
To consider and approve the financial results for the period ended September 30, 2026
Intimation · 27 Oct 2026, 5:30 am
Receipt of approval from Competition Commission of India
Others (Uncategorized) · 14 Oct 2026, 2:59 am
CCI Approves GRT Jewellers' Majority Stake Acquisition in TBZ GRT Jewellers (India) Private Limited has secured regulatory approval from the Competition Commission of India (CCI) for its proposed acquisition of a majority stake in Tribhovandas Bhimji Zaveri Limited (TBZ), following initial disclosures dated 31st Aug'26. The approval marks a critical milestone in advancing the change of control and acquisition process for the listed jewellery retailer.
Clarification on volume movement
Others (Uncategorized) · 30 Sept 2026, 10:07 pm
TBZ Clarifies Share Volume Movement and Reaffirms Pending GRT Jewellers Acquisition Tribhovandas Bhimji Zaveri stated that recent trading volume movements are purely market-driven, confirming compliance with SEBI Regulation 30 disclosures. The company reiterated its 31st Aug'26 disclosure regarding the Share Purchase Agreement, wherein promoters agreed to sell their entire stake to GRT Jewellers (India) Private Limited, subject to regulatory approvals. Following this, the acquirer announced an open offer under SEBI SAST Regulations. Management confirmed there is no undisclosed material information or pending announcement affecting price or volume movement.
The Exchange has sought clarification from Tribhovandas Bhimji Zaveri Ltd on September 30, 2026, with reference to Movement in Volume. <BR><BR>The reply is awaited.
Others (Uncategorized) · 30 Sept 2026, 7:18 pm
Axis Capital Ltd ("Manager to the Offer") has submitted to BSE a copy of Draft Letter of Offer to the Public Shareholders of Tribhovandas Bhimji Zaveri Ltd ("Target Company").
Others (Uncategorized) · 16 Sept 2026, 1:22 pm
Receipt of Draft Letter of Offer in relation to Open Offer
Others (Uncategorized) · 16 Sept 2026, 2:10 am
Intimation of Credit Ratings - ICRA Limited
Others (Uncategorized) · 11 Sept 2026, 4:45 pm
ICRA Places TBZ Ratings on Watch Following Majority Acquisition by GRT Jewellers ICRA placed Tribhovandas Bhimji Zaveri Ltd.’s (TBZ) long-term [ICRA]A- and short-term [ICRA]A2+ credit ratings for Rs. 915.00 crore bank facilities on Rating Watch with Positive Implications on 10th Sep'26. The action follows TBZ's promoters entering a share purchase agreement on 31st Aug'26 to sell a 74.12% stake (4,94,59,775 shares) to GRT Jewellers (India) Pvt Ltd for up to Rs. 209 per share (~Rs. 1,034 crore), triggering a mandatory open offer. The association is expected to bolster TBZ’s operational and financial profile under GRT Group.
Declaration of voting results of the 19th Annual General Meeting along with the Scrutinizer''s Report
Annual General Meeting · 10 Sept 2026, 9:55 pm
Summary of Proceedings of 19th Annual General Meeting
Annual General Meeting · 09 Sept 2026, 9:19 pm