Clarification on volume movement

September 30, 2026 Surveillance Department BSE Limited, P J Towers, Dalal Street, Mumbai – 400001. Dear Sir/Madam Re: Your e-mail dated September 30, 2026 bearing no. L/SURV/ONL/PV/SG/ 2026-2027 / 399 Sub: Reply to the clarification on volume movement Dear Sir/Madam We refer to above e-mail wherein your good office sought clarification regarding the significant movement of volume of equity shares of the Tribhovandas Bhimji Zaveri Limited (“Company”) and disclosure, if any required under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”). With reference to above, please take note that the Company is in compliance with its obligations under the SEBI Listing Regulations and its policy for determination of materiality of events and information in relation to intimating stock exchanges and dissemination of material information. In addition, please note that the Company has on August 31, 2026 made a disclosure to the stock exchanges inter alia disclosing that the members of the promoter/ and promoter group of the Company (together, the “Sellers”), have entered into a share purchase agreement dated August 31, 2026 (“SPA”) with GRT Jewellers (India) Private Limited (“Acquirer”), pursuant to which the Sellers have agreed to sell their entire shareholding in the Company to the Acquirer as per terms set out in the SPA, subject to necessary regulatory approvals. Further, on August 31, 2026, the Acquirer has announced an open offer to the shareholders of the Company in accordance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and the Company has disclosed the relevant open offer documents to the stock exchanges on receipt by it in a timely manner. We believe that the significant movement of volume of the equity shares of the Company during recent past may be driven by the market forces or may be a combination of various factors including market conditions. At present, the Company is not aware of any information which needs to be disclosed/ announcement which needs to be made under Regulation 30 of the SEBI Listing Regulations read with Company’s policy for determination of materiality of event and information. We hope this clarification suffice with your requirements. Thanking you, Yours faithfully, For Tribhovandas Bhimji Zaveri Limited Arpit Maheshwari Company Secretary ACS: 42396