Tribhovandas Bhimji Zaveri Board Notes Director Resignations, Promoter Exit

Tribhovandas Bhimji Zaveri Ltd's Board of Directors met on October 30, 2026, to acknowledge the resignation of directors. This meeting followed the completion of a significant share purchase agreement (SPA) where 74.12% of the company's equity was acquired by GRT Jewellers (India) Private Limited from existing promoters. Consequently, the erstwhile promoters have ceased to be shareholders and have been de-classified from the promoter group. The Board also noted the company's new status as a subsidiary of the acquirer and recommended the appointment of a new non-executive director.