Tribhovandas Bhimji Zaveri Annual General Meeting
Tribhovandas Bhimji Zaveri issued a postal ballot notice seeking shareholder approval for three director appointments, including two Managing Directors. E-voting runs 7 November to 6 December 2026.
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Tribhovandas Bhimji Zaveri issued a postal ballot notice seeking shareholder approval for three director appointments, including two Managing Directors. E-voting runs 7 November to 6 December 2026.
GRT Jewellers acquired 74.12% of Tribhovandas Bhimji Zaveri through an off-market purchase on October 30, 2026. The transaction is valued at about Rs 1,033.71 Crore.
GRT Jewellers acquired 4,94,59,775 shares (74.12%) of Tribhovandas Bhimji Zaveri via an off-market SPA. The acquirer is now promoter, and the sellers have ceased to be promoters.
Tribhovandas Bhimji Zaveri promoters and promoter-group entities sold their stakes off-market, worth about ₹1,033.71 Crore. Promoter holdings fall to zero across all six disclosed entities.
Tribhovandas Bhimji Zaveri appointed two Managing Directors and a Dy. CEO, and three executive directors resigned. The board reorganisation follows a change in control.
TBZ promoter Shrikant Zaveri sold 3.34 crore shares (50.06%) via off-market transfer for ₹698.11 Crore. The filing discloses a broader 74.12% promoter-group divestiture.
TBZ promoters sold 74.12% equity to GRT Jewellers via SPA. Control of the company transfers to a new acquirer.
TBZ completed transfer of 74.12% equity to GRT Jewellers as new promoter. Zaveri family sellers have ceased to hold any shares.
TBZ promoters sold 74.12% of shares to GRT Jewellers completing a change in control. New managing directors were appointed and former promoter-directors resigned effective October 30, 2026.
Tribhovandas Bhimji Zaveri Ltd reported revenue from operations of ₹705.4 Cr (+2.6% YoY) and net profit of ₹14.3 Cr (-54.6% YoY) for Q2 FY27.
Tribhovandas Bhimji Zaveri Limited will hold a board meeting on 27th October 2026 to consider and approve its standalone and consolidated financial results for the quarter.
Tribhovandas Bhimji Zaveri Limited received Competition Commission of India approval for its acquisition of a majority stake by GRT Jewellers (India) Private Limited.
Tribhovandas Bhimji Zaveri Ltd has filed its quarterly shareholding pattern under Regulation 31(1)(b) for the quarter ending September 30, 2026.
Tribhovandas Bhimji Zaveri Limited clarified that recent share volume movements may be due to market forces, noting their previously disclosed SPA and open offer.
Tribhovandas Bhimji Zaveri Limited received a draft letter of offer for an open offer from GRT Jewellers (India) Private Limited, valued at approximately ₹431.10 Crore.
ICRA placed TBZ on Rating Watch with Positive Implications following GRT Jewellers' proposed 74.12% stake acquisition. A-/A2+ ratings on ₹915 crore debt facilities face potential uplift.
TBZ filed 19th AGM proceedings covering FY25-26 financials adoption, Rs. 2.50 per share dividend, and director re-appointment. Promoters' full-stake SPA with GRT Jewellers was noted.
GRT Jewellers (India) Pvt Ltd has announced an open offer to acquire up to 1.72 crore shares of Tribhovandas Bhimji Zaveri Ltd at ₹249.01 per share.
GRT Jewellers (India) Private Limited announced an open offer for 25.88% of Tribhovandas Bhimji Zaveri Limited at ₹249.61 per share. Total offer consideration is ₹431.10 Crore.
Promoters of TBZ will sell their 74.12% stake to GRT Jewellers for up to ₹1,033.71 Crore, resulting in a change of control.
Tribhovandas Bhimji Zaveri Limited has scheduled its Annual General Meeting for September 9, 2026. Key agenda items include adopting FY26 financial statements and declaring a Rs. 2.50 dividend.
Tribhovandas Bhimji Zaveri Limited has issued its 19th Annual General Meeting notice and the Annual Report for FY 2025-26. The meeting is scheduled for September 9, 2026.