Tribhovandas Bhimji Zaveri Open Offer: ₹431.1 Cr
Tribhovandas Bhimji Zaveri Limited received a draft letter of offer for an open offer from GRT Jewellers (India) Private Limited, valued at approximately ₹431.10 Crore.
- Value
- ₹431.1 Cr
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Tribhovandas Bhimji Zaveri Limited received a draft letter of offer for an open offer from GRT Jewellers (India) Private Limited, valued at approximately ₹431.10 Crore.
ICRA placed TBZ on Rating Watch with Positive Implications following GRT Jewellers' proposed 74.12% stake acquisition. A-/A2+ ratings on ₹915 crore debt facilities face potential uplift.
TBZ filed 19th AGM proceedings covering FY25-26 financials adoption, Rs. 2.50 per share dividend, and director re-appointment. Promoters' full-stake SPA with GRT Jewellers was noted.
GRT Jewellers (India) Pvt Ltd has announced an open offer to acquire up to 1.72 crore shares of Tribhovandas Bhimji Zaveri Ltd at ₹249.01 per share.
GRT Jewellers (India) Private Limited announced an open offer for 25.88% of Tribhovandas Bhimji Zaveri Limited at ₹249.61 per share. Total offer consideration is ₹431.10 Crore.
Promoters of TBZ will sell their 74.12% stake to GRT Jewellers for up to ₹1,033.71 Crore, resulting in a change of control.
Tribhovandas Bhimji Zaveri Limited has scheduled its Annual General Meeting for September 9, 2026. Key agenda items include adopting FY26 financial statements and declaring a Rs. 2.50 dividend.
Tribhovandas Bhimji Zaveri Limited has issued its 19th Annual General Meeting notice and the Annual Report for FY 2025-26. The meeting is scheduled for September 9, 2026.
Tribhovandas Bhimji Zaveri Limited has appointed Ramnath Soundararajan as Head - Gold, effective August 11, 2026. He brings over eight years of experience in the jewellery industry.
Tribhovandas Bhimji Zaveri Ltd reported revenue from operations of ₹841 Cr (+34.8% YoY) and net profit of ₹33.9 Cr (+50.7% YoY) for Q1 FY27.
Tribhovandas Bhimji Zaveri Limited has scheduled a board meeting on August 11, 2026, to consider and approve the company's unaudited financial results.
TBZ responded to NSE's query on price surge, stating no undisclosed material info. It attributes the movement to market forces and confirms compliance with disclosure norms.
Tribhovandas Bhimji Zaveri Ltd announced Mr. Sanjay Bilimoria's resignation as Head - Inventory (Gold) effective 8th July 2026. His departure concludes 15 years of service.
Tribhovandas Bhimji Zaveri Ltd clarified share price spikes are market‑driven with no undisclosed material information. Investors may view the move as price‑sensitive but not requiring further disclosure.
TBZ reported a stellar Q4 FY26 with 56.74% revenue growth and 558.85% PAT growth YoY. Strategy focuses on retail footprint expansion and insight-led brand campaigns.
Tribhovandas Bhimji Zaveri Limited recommended a final dividend of Rs. 2.5 per equity share. Record and meeting dates for approval will be announced later.
Tribhovandas Bhimji Zaveri Ltd reported revenue from operations of ₹829.7 Cr (+56.8% YoY) and net profit of ₹67.6 Cr (+611.6% YoY) for Q4 FY26.
Tribhovandas Bhimji Zaveri Ltd reported audited FY26 results and recommended a ₹2.5 per share dividend. Strong financial performance was driven by significant margin expansion and profitable growth.
Tribhovandas Bhimji Zaveri Ltd scheduled a board meeting on May 27, 2026. Directors will consider audited financial results and a potential dividend recommendation.
Tribhovandas Bhimji Zaveri Limited submitted its Annual Secretarial Compliance Report for FY 2025-26. Issued by Pramod S. Shah & Associates, the report confirms compliance with SEBI regulations, noting a pending application to waive fines from a previous 2023 notice. This routine disclosure affirms the company's adherence to statutory secretarial standards.
Tribhovandas Bhimji Zaveri Ltd reported net profit of ₹80.6 Cr (+169.6% YoY) for Q3 FY26.
Tribhovandas Bhimji Zaveri Limited's promoter, Shrikant Gopaldas Zaveri, issued an annual declaration confirming no shares were encumbered during FY 2025-26. This compliance filing under SEBI Takeover Regulations provides transparency regarding the absence of promoter share pledges or liens.