TRIBHOVANDAS BHIMJI ZAVERI LTD.

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.

Tribhovandas Bhimji Zaveri Ltd (TBZ) has announced the closure of its trading window for designated persons and their immediate relatives. This closure is effective from October 1, 2026, and will remain in effect until 48 hours after the declaration of the unaudited standalone and consolidated financial results for the quarter and half-year ending September 30, 2026. This measure is standard practice to prevent insider trading ahead of financial result announcements.

Axis Capital Ltd, acting as the Manager to the Offer, has submitted a Draft Letter of Offer to the BSE for the public shareholders of Tribhovandas Bhimji Zaveri Ltd (TBZ). This submission is in compliance with SEBI (SAST) Regulations, 2011. GRT Jewellers (India) Private Limited is making a cash offer to acquire up to 1,72,70,845 equity shares of TBZ, representing 25.88% of the voting share capital, at a price of INR 249.61 per share. The offer is being made pursuant to Regulations 3(1) and 4 of the SEBI (SAST) Regulations and is not conditional or a competing offer.

Tribhovandas Bhimji Zaveri Limited (TBZ) has received a draft letter of offer (DLOF) from Axis Capital Limited concerning an open offer by GRT Jewellers (India) Private Limited. The open offer aims to acquire up to 1,72,70,845 equity shares of TBZ, representing 25.88% of the voting share capital, at a price of ₹249.61 per equity share. This offer is being made in compliance with SEBI (SAST) Regulations, 2011. The DLOF is an important document for public shareholders, and clarifications can be sought from stockbrokers or the Manager to the Offer. The offer is not conditional or a competing offer, but may be subject to further statutory approvals.

Tribhovandas Bhimji Zaveri Ltd held its 19th Annual General Meeting (AGM) on September 9, 2026, via Video Conferencing. The meeting was chaired by Mr. Shrikant Zaveri, Chairman & Managing Director. Key discussions included the company's performance for FY 2025-26, presented by the CFO, Mr. Mukesh Sharma. A significant point of discussion was the ongoing sale of promoter stake to GRT Jewellers, which is subject to regulatory approvals and includes an open offer to shareholders. The company confirmed that the Statutory Auditors and Secretarial Auditors reports for FY 2025-26 had no comments or qualifications. Remote e-voting was available from September 6-8, 2026, with in-meeting voting also facilitated.

Tribhovandas Bhimji Zaveri Limited (TBZ) has announced an open offer from GRT Jewellers (India) Private Limited to acquire up to 1,72,70,845 equity shares, representing 25.88% of the company's voting share capital. This open offer is being made in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Axis Capital Limited is acting as the manager to the offer. The detailed public statement follows a prior disclosure on August 31, 2026, and was published on September 7, 2026. The offer size is slightly below the minimum 26% requirement as per Regulation 7(1) of SEBI (SAST) Regulations, but it represents the total equity shares held by public shareholders.

Tribhovandas Bhimji Zaveri Limited has received a public announcement from Axis Capital Limited, acting on behalf of GRT Jewellers (India) Private Limited, regarding an open offer. GRT Jewellers intends to acquire up to 1,72,70,845 equity shares, representing 25.88% of the total voting share capital, at a price of ₹249.61 per share. The total consideration for the offer is up to ₹4,31,09,75,621. This open offer is being made in compliance with SEBI (SAST) Regulations, 2011. Axis Capital Limited has been appointed as the Manager to the offer and has notified the stock exchanges where Tribhovandas Bhimji Zaveri Limited is listed (BSE and NSE).

GRT Jewellers (India) Private Limited, through its Manager Axis Capital Ltd, has announced an open offer to acquire up to 1,72,70,845 equity shares of Tribhovandas Bhimji Zaveri Ltd. The offer price is set at INR 249.61 per share, valuing the total transaction at approximately INR 4,310.98 crore. This acquisition represents 25.88% of the target company's voting share capital. The offer is made in compliance with SEBI (SAST) Regulations, 2011, though it is slightly below the minimum 26% threshold stipulated by Regulation 7(1), as it represents the total shares held by public shareholders. A detailed public statement and letter of offer will be issued.

GRT Jewellers India Private Limited (GRT) has signed a share purchase agreement (SPA) to acquire a 74.12% stake in Tribhovandas Bhimji Zaveri Limited (TBZ) for up to ₹1,033.71 Crores. This acquisition, subject to regulatory approvals, aims to expand GRT's pan-India presence by integrating TBZ's 37 stores with GRT's existing 68 stores. GRT will also launch an open offer for the remaining ~26% of TBZ shares as per SEBI regulations. The deal is expected to leverage the complementary strengths of both heritage jewelry brands to create a stronger retail experience and drive future growth. Advisors for the transaction included Deloitte, Axis Capital, Trilegal, Srihari & Co, AZB & Partners, and Ernst & Young LLP.

Tribhovandas Bhimji Zaveri Limited (TBZ) has announced a significant change in its promoter group. A share purchase agreement (SPA) has been executed on August 31, 2026, between the existing promoters and promoter group members (Sellers) and GRT Jewellers (India) Private Limited (Acquirer). The Sellers will transfer 4,94,59,775 equity shares, representing 74.12% of the company's total paid-up equity share capital, to the Acquirer. Upon completion, GRT Jewellers will gain sole control of TBZ, and the Sellers will cease to hold any shares and be de-classified from the promoter group. The Acquirer is mandated to make a mandatory open offer to public shareholders.