30-Oct-2026 16:14:37
TBZ : GRT JEWELLERS COMPLETES 74.12% STAKE PURCHASE, TAKES CONTROL
• GRT Jewellers (India) buys 4,94,59,775 equity shares, 74.12% of TBZ's paid-up equity capital, on October 30, 2026 • TBZ becomes a subsidiary of GRT Jewellers with effect from the closing date • Sellers cease to hold any equity shares and stand de-classified from promoter and promoter group under Regulation 31A(10) • GRT's G R Ananthapadmanabhan and G R Radhakrishnan appointed Managing Directors for five years; K N Jeethendra Babu named Dy. CEO • Shrikant Zaveri resigns as MD; Binaisha and Raashi Zaveri resign as Whole-Time Directors effective October 30, 2026 • SPA amended to convert certain conditions precedent, including release of promoter guarantees, into post-completion obligations
Tribhovandas Bhimji Zaveri Limited
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