GRT Jewellers Acquires 74.12% Stake in TBZ

Date: November 4, 2026

KMP / Board / Auditor Changes

Not Specified

Dividend Declaration or Non-Declaration

Not Specified

Board Meeting Outcomes

Not Specified

Financial Results

Not Specified

Auditor’s Report

Not Specified

Disinvestment / Strategic Actions

Major Stake Acquisition by Promoter

• GRT Jewellers (India) Private Limited acquired 4,94,59,775 equity shares of Tribhovandas Bhimji Zaveri Limited.
• The shares have a face value of INR 10 each.
• This acquisition represents 74.12% of the total issued and paid-up equity share capital of the Company.
• The transaction was an off-market purchase.
• The total transaction value was INR 1,033,709,2975 (One Thousand Thirty-Three Crore Seventy Lakh Ninety-Two Thousand Nine Hundred Seventy-Five Rupees).
• The transaction was executed on October 30, 2026.
• Prior to this acquisition, GRT Jewellers held NIL shares (0% holding) in the company.
• Post-acquisition, GRT Jewellers holds 4,94,59,775 shares (74.12% holding).
• GRT Jewellers is classified as a Promoter of the company.

Other Operational / Legal / Strategic Disclosures

Regulatory Compliance Disclosure

• The disclosure is made pursuant to Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.
• The disclosure was received by the company from GRT Jewellers on November 3, 2026.
• The company submitted the disclosure to BSE Limited and National Stock Exchange of India Limited on November 4, 2026.
• The mode of acquisition is specified as "Off-Market purchase."
• The exchange where the trade was executed is noted as "Not applicable" for this off-market transaction.
• No trading in derivatives on the company's securities was reported.

No material disclosures under the following sections:

KMP / Board / Auditor Changes, Dividend Declaration, Board Meeting Outcomes, Financial Results, Auditor’s Report, Media Release / Investor Communication