Tribhovandas Bhimji Zaveri Limited — Important, 31-08-2026: Disclosure of material issue

#TBZAlert: Major ownership shift! Tribhovandas Bhimji Zaveri (TBZ) promoters are selling their 74.12% stake (4,94,59,775 shares) to GRT Jewellers (India) Private Limited via a Share Purchase Agreement.

**Issue:** TBZ's promoter group is divesting its entire majority shareholding in the company to GRT Jewellers.

**Possible Impact:**

* **Change of Control:** GRT Jewellers will gain sole control of TBZ, making it a subsidiary, pending necessary regulatory approvals.

* **Management Shake-up:** Current promoter directors (Mr. Shrikant Gopaldas Zaveri, Mrs. Binaisha Shrikant Zaveri, Mrs. Raashi Shrikant Zaveri) will resign, and GRT Jewellers will appoint its nominee directors to the board.

* **Public Shareholders:** A mandatory open offer will be initiated for public shareholders as required by regulations. The sale price for the promoter block deal is set at not more than INR 209 per share.

**Company's Response:** While TBZ itself is not a party to the share purchase agreement, it has made this disclosure to the exchanges as required. The company is subject to certain interim obligations, ensuring it conducts its affairs in the ordinary course and obtains the acquirer's consent for specific actions until the transaction concludes. This signals a significant change in ownership and future strategic direction.