Updates

Date: October 30, 2026 BSE Limited National Stock Exchange of India Limited The Corporate Relations Department, Exchange Plaza, Bandra-Kurla Complex, 25th Floor, Phiroze Jeejeebhoy Towers, Bandra (East), Mumbai 400 051 Dalal Street, Symbol - TBZ Mumbai - 400 001 Stock Code – 534369 Subject: Intimation under Regulation 31A(10) and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Ref: 1. Disclosure under Regulation 30 and Regulation 30A of the Listing Regulations, dated August 31, 2026, regarding the execution of the Share Purchase Agreement, and the disclosure under Regulation 30 and Regulation 30A of the Listing Regulations, dated October 30, 2026, intimating the outcome of the meeting of the board of directors of Tribhovandas Bhimji Zaveri Limited (the “Company”); 2. Disclosure under Regulation 30 of the Listing Regulations, dated August 31, 2026, regarding the Public Announcement of the Open Offer; 3. Disclosure under Regulation 30 of the Listing Regulations, dated September 07, 2026, regarding the Detailed Public Statement pertaining to the Open Offer; and 4. Disclosure under Regulation 30 of the Listing Regulations, dated September 15, 2026, regarding the Draft Letter of Offer pertaining to the Open Offer. Dear Sir / Madam, 1. We refer to our earlier intimations as referred above including our intimation regarding the following: (a) the execution of the share purchase agreement (“SPA”) dated August 31, 2026 entered into between Mr. Shrikant Gopaldas Zaveri, Mrs. Bindu Shrikant Zaveri, Ms. Binaisha Shrikant Zaveri, Ms. Raashi Shrikant Zaveri, Tribhovandas Bhimji Zaveri (TBZ) Private Limited and Tribhovandas Bhimji Zaveri Jewellers (Mumbai) Private Limited (together, the “Sellers”) with GRT Jewellers (India) Private Limited (“Acquirer”), (b) our intimation dated August 31, 2026 regarding the public announcement of the open offer made by the Acquirer, and (c) our intimation dated October 30, 2026 pertaining to the outcome of the meeting of the board of directors of the Company regarding inter alia noting the completion of the sale and transfer of 4,94,59,775 (four crores ninety four lakhs fifty-nine thousand seven hundred and seventy five) fully paid equity shares (“Equity Shares”), representing 74.12% (seventy four point one two per cent) of the total paid up equity share capital of the Company, from the Sellers to the Acquirer on October 30, 2026 (i.e., today) (“Share Transfer”). 2. The SPA triggered a mandatory open offer in accordance with Regulation 3(1) and Regulation 4 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“Open Offer”). 3. Further to the above, we wish to inform you that the Share Transfer has been completed today, i.e., October 30, 2026. 4. Pursuant to the Share Transfer, and in accordance with paragraph 2(c) of the public announcement dated August 31, 2026, paragraph 4.9 of Section I and paragraph 4 of Section II of the detailed public statement dated September 07, 2026 and paragraph 7 of Section A of Part II and paragraph 17 of Section B of Part II of the draft letter of offer dated September 15, 2026, the Acquirer has acquired the control of the Company and has become the promoter of the Company in accordance with the Listing Regulations. Consequently, the erstwhile members of the promoter and promoter group of the Company, i.e., the Sellers, do not hold any equity shares of the Company and have ceased to be members of the promoter and promoter group of the Company with effect from the date of the Share Transfer, in accordance with Regulation 31A(10) of the Listing Regulations. 5. All of the requirements for undertaking such reclassification as applicable in accordance with Regulation 31A(10) of the Listing Regulations are satisfied, including as set out below: (a) the intention of the Sellers to cease to be the promoters and a part of the promoter group of the Company pursuant to the Share Transfer under the SPA, has been disclosed as part of the offer documents issued by the Acquirer in regard to the Open Offer, including in the public announcement dated August 31, 2026 (in paragraph 2(c)), detailed public statement dated September 07, 2026 (in paragraph 4.9 of Section I and paragraph 4 of Section II) and draft letter of offer dated September 15, 2026 (in paragraph 7 of Section A of Part II and paragraph 17 of Section B of Part II); (b) the Sellers shall comply with clause (b) of sub-regulation (3) read with sub-regulation (4) of Regulation 31A of the Listing Regulations; and (c) the Company is in compliance with sub-clauses (c)(ii) and (c)(iii) of sub-regulation (3) of Regulation 31A of the Listing Regulations. We request you to take this information on record. Thanking you, Yours faithfully, For Tribhovandas Bhimji Zaveri Limited Arpit Maheshwari Company Secretary ACS: 42396