BSEInsider Trading / SAST1d ago · 30 Oct 2026, 03:15 pm
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shrikant Gopaldas Zaveri & Others
Tribhovandas Bhimji Zaveri Ltd · 534369
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Tribhovandas Bhimji Zaveri Ltd's promoters have sold 74.12% of the company's shares to GRT Jewellers (India) Private Limited, as per a share purchase agreement dated August 31, 2026.
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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern8/10
Regulatory Risk6/10
Balance Sheet Risk9/10
Liquidity Impact1/10
Market Sentiment2/10
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Tribhovandas Bhimji Zaveri Ltd - 534369 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
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Date: October 30, 2026
BSE Limited National Stock Exchange of Tribhovandas Bhimji
Corporate Relationship India Limited Zaveri Limited
Department Listing Department-Corporate 241/43, Zaveri Bazar,
1st Floor, P.J. Towers, Dalal Street Services, Exchange Plaza, 5th Mumbai, Maharashtra,
Mumbai 400 001 Floor, Plot No. C/1, Bandra Kurla India, 400002
Complex, Bandra East, Mumbai
Script Code & ID: 400051
534369
Symbol : TBZ
Dear Sir/Madam,
Sub: Disclosure pursuant to the Regulation 29(2) of the Securities and Exchange Board of India
(Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended from time to time
(“SEBI SAST Regulations”)
We, Mr. Shrikant Gopaldas Zaveri, Mrs. Bindu Shrikant Zaveri, Mrs. Binaisha Shrikant Zaveri,
Mrs. Raashi Shrikant Zaveri, Tribhovandas Bhimji Zaveri (TBZ) Private Limited and Tribhovandas Bhimji
Zaveri Jewellers (Mumbai) Private Limited (the “Sellers”) have sold an aggregate of 4,94,59,775 equity
shares of face value of INR 10/- each (“Equity Shares”) of Tribhovandas Bhimji Zaveri Limited
(“Company”), representing approximately 74.12% of the total issued and paid-up equity share capital of
the Company on October 30, 2026, pursuant to the Share Purchase Agreement dated August 31, 2026
entered into amongst the Sellers and GRT Jewellers (India) Private Limited, as amended (“Transaction”).
As required under Regulation 29(2) of the SEBI SAST Regulations, we enclose with this letter, a disclosure
of the change in our shareholding in the Company, pursuant to the Transaction.
We request you to take this on record and acknowledge receipt of the same.
Thanking you.
Encl: As above
[signature pages to follow]
Annexure
Disclosure under Regulation 29(2) of the SEBI SAST Regulations
Name of the Target Company (TC) Tribhovandas Bhimji Zaveri Limited (“Target
Company”)
Name(s) of the Sellers Mr. Shrikant Gopaldas Zaveri, Mrs. Bindu
Shrikant Zaveri, Mrs. Binaisha Shrikant Zaveri,
Mrs. Raashi Shrikant Zaveri, Tribhovandas
Bhimji Zaveri (TBZ) Private Limited and
Tribhovandas Bhimji Zaveri Jewellers
(Mumbai) Private Limited (collectively, the
“Sellers”)
Whether sellers belong to Promoter/Promoter group All the Sellers are members of the promoter /
promoter group of the Target Company, on and
before the sale.
Name(s) of the Stock Exchange(s) where the shares of TC 1. National Stock Exchange of India
are Listed Limited
2. BSE Limited
Number % w.r.t. total % w.r.t. total
share/voting diluted
Details of the acquisition / disposal as follows capital share/voting
wherever capital of the
applicable (*) TC (**)
Before the acquisition/sale under consideration, holding
a) Shares carrying voting rights 4,94,59,775 74.12## 74.12##
(Please see the
Schedule for
details of shares
held by each
Seller)
b) Shares in the nature of encumbrance (pledge/ lien/ - - -
non-disposal undertaking/ others)
- - -
c) Voting rights (VR) otherwise than by shares
d) Warrants/convertible securities/any other instrument
- - -
that entitles the acquirer to receive shares carrying
voting rights in the TC (specify holding in each
category)
e) Total (a+b+c+d) 4,94,59,775 74.12## 74.12##
Details of acquisition / sale
a) Shares carrying voting rights acquired/sold 4,94,59,775 74.12## 74.12##
(Please see the
Schedule for
details of shares
sold by each
Seller)
b) VRs acquired /sold otherwise than by shares - - -
c) Warrants/convertible securities/any other instrument - - -
that entitles the acquirer to receive shares carrying
voting rights in the TC (specify holding in each
category) acquired/sold
d) Shares encumbered / invoked/released by the acquirer - - -
e) Total (a+b+c+/-d) 4,94,59,775 74.12## 74.12##
After the acquisition/sale, holding of:
a) Shares carrying voting rights Nil Nil Nil
b) Shares encumbered with the acquirer - - -
c) VRs otherwise than by shares - - -
d) Warrants/convertible securities/any other instrument - - -
that entitles the acquirer to receive shares carrying
voting rights in the TC (specify holding in each
category) after acquisition
e) Total (a+b+c+d) Nil Nil Nil
Mode of acquisition / sale (e.g. open market / off- Off-Market Transfer
market / public issue / rights issue / preferential
allotment / inter-se transfer etc).
Date of acquisition / sale of shares / VR or date
of receipt of intimation of allotment of shares, October 30, 2026
whichever is applicable
Equity share capital/ total voting capital of the TC INR 667,306,200 (6,67,30,620 equity shares of
before the said acquisition/ sale face value INR 10 each)#
Equity share capital/ total voting capital of the TC INR 667,306,200 (6,67,30,620 equity shares of
after the said acquisition/ sale face value INR 10 each)#
Total diluted share/voting capital of the TC after INR 667,306,200 (6,67,30,620 equity shares of
the said acquisition/ sale face value INR 10 each)#
(*) Total share capital/ voting capital to be taken as per the latest filing done by the company to the Stock
Exchange under Clause 35 of the listing Agreement or Regulation 31 of the Securities and Exchange
Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as on September
30, 2026.
(**) Diluted share/voting capital means the total number of shares in the TC assuming full conversion
of the outstanding convertible securities/warrants into equity shares of the TC.
(#) As per the shareholding pattern of the Target Company dated September 30, 2026 disclosed on the
website of BSE Limited.
(##) The percentage numbers have been rounded off to reflect the percentage up to two decimal points.
Signature of the acquirer / sellers / Authorised Signatory
Schedule
Sr. Name of Seller Shareholding prior to the sale Shareholding post to the sale
No. Number % of the issued Number % of the issued
and paid up and paid up
share capital of share capital of
the Company(#) the Company(#)
1 Shrikant Gopaldas 3,34,02,275 50.06 Nil Nil
Zaveri
2 Bindu Shrikant 35,00,000 5.24 Nil Nil
Zaveri
3 Binaisha Shrikant 52,85,000 7.92 Nil Nil
Zaveri
4 Raashi Shrikant 45,72,500 6.85 Nil Nil
Zaveri
5 Tribhovandas 13,50,000 2.02 Nil Nil
Bhimji Zaveri
(TBZ) Private
Limited
6 Tribhovandas 13,50,000 2.02 Nil Nil
Bhimji Zaveri
Jewellers
(Mumbai) Private
Limited
(#) As per the shareholding pattern of the Target Company dated September 30, 2026 disclosed on the
website of BSE Limited.
[signature pages follow]