TBZ : GRT JEWELLERS COMPLETES ACQUISITION OF 74.12% STAKE

• Sellers sold and transferred 4,94,59,775 equity shares, or 74.12% of total paid-up equity capital, to GRT Jewellers (India) Private Limited on October 30, 2026 • Company has become a subsidiary of GRT Jewellers with effect from October 30, 2026 • Sellers hold no equity shares now, have ceased to be in control and are de-classified from promoter/promoter group under Regulation 31A(10) • SPA amended on October 30 to convert release of personal guarantees and mortgage into post-completion obligations; share count unchanged • Board approved G R Ananthapadmanabhan and G R Radhakrishnan as Managing Directors for 5 years and K N Jeethendra Babu as Dy CEO • Shrikant Gopaldas Zaveri, Binaisha Zaveri and Raashi Zaveri resigned as MD/Whole-Time Directors effective close of October 30 board meeting

Tribhovandas Bhimji Zaveri Ltd

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