TBZ Clarifies Volume Movement Amidst Promoter Share Sale

Tribhovandas Bhimji Zaveri Ltd (TBZ) has issued a clarification regarding significant volume movements in its equity shares. The company stated that its promoter and promoter group have entered into a share purchase agreement (SPA) dated August 31, 2026, to sell their entire shareholding to GRT Jewellers (India) Private Limited. This transaction is subject to regulatory approvals. Concurrently, the acquirer has launched an open offer to TBZ shareholders. TBZ confirmed compliance with SEBI Listing Regulations and its materiality policy, asserting it is unaware of any further information requiring disclosure. The company believes recent volume surges are likely driven by market forces or conditions, not undisclosed material events.