This disclosure intimates the completion of a significant share transfer and change in promoter status of Tribhovandas Bhimji Zaveri Limited (TBZ).
Key Transaction Details
- Share Transfer Date: October 30, 2026 (completed today)
- Number of Shares Transferred: 4,94,59,775 (four crores ninety-four lakhs fifty-nine thousand seven hundred seventy-five) fully paid equity shares
- Percentage of Paid-up Capital: 74.12% of total paid-up equity share capital
- Buyer: GRT Jewellers (India) Private Limited ("Acquirer")
- Sellers: Mr. Shrikant Gopaldas Zaveri, Mrs. Bindu Shrikant Zaveri, Ms. Binaisha Shrikant Zaveri, Ms. Raashi Shrikant Zaveri, Tribhovandas Bhimji Zaveri (TBZ) Private Limited, and Tribhovandas Bhimji Zaveri Jewellers (Mumbai) Private Limited (collectively, the "Sellers")
Change in Control and Promoter Status
- GRT Jewellers (India) Private Limited has acquired control of the Company and becomes the new promoter
- The Sellers (erstwhile promoter and promoter group) no longer hold any equity shares in the Company
- The Sellers have ceased to be members of the promoter and promoter group effective from the share transfer date (October 30, 2026)
Document References
- Public Announcement dated August 31, 2026 (paragraph 2(c))
- Detailed Public Statement dated September 07, 2026 (paragraph 4.9 of Section I and paragraph 4 of Section II)
- Draft Letter of Offer dated September 15, 2026 (paragraph 7 of Section A of Part II and paragraph 17 of Section B of Part II)