Tribhovandas Bhimji Zaveri has accepted the resignation of Sanjay Bilimoria from the position of Head – Inventory (Gold). The resignation is effective July 8, 2026, as the employee steps down to pursue other career opportunities. The company disclosed the development in a regulatory filing submitted to the exchanges.

The resignation was intimated under Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. Sanjay Bilimoria served the organization for 15 years. The company acknowledged his contributions towards the growth and success of the organization during his tenure.

Details of Cessation

The following table outlines the key details regarding the change in the company's personnel:

The filing confirmed that the necessary information regarding the cessation was enclosed as ‘Annexure – I’. The communication was signed by Arpit Maheshwari, Company Secretary and Compliance Officer, on behalf of Tribhovandas Bhimji Zaveri Limited.

Tribhovandas Bhimji Zaveri reported a strong financial performance for the year ended March 31, 2026, with profit after tax surging 177.11% year-on-year to ₹2,004.92 crore. Revenue from operations grew 22.23% to ₹32,029.53 crore, while EBITDA increased 103.42% to ₹3,582.13 crore. The Board of Directors has recommended a final dividend of ₹2.5 per equity share, subject to shareholder approval.

Quarterly Financial Performance

For the quarter ended March 31, 2026, the company recorded revenue of ₹8,296.95 crore, a 56.74% increase from ₹5,293.40 crore in the corresponding quarter of the previous year. Net profit for the quarter surged to ₹670.80 crore from ₹101.81 crore year-on-year. EBITDA reached ₹1,115.95 crore compared to ₹367 crore in the same period last year, with the margin expanding to 13.45% from 6.94%.

Full-Year Financial Performance

The operational efficiency improved markedly during FY26, with EBITDA margins expanding to 11.18% from 6.72% in the previous year. The full-year results underscore a broad-based improvement across revenue, profitability, and margins.

Operational Highlights

The jewellery retailer expanded its retail footprint during the year by opening two new Company Owned, Company Operated (COCO) flagship showrooms in C.G. Road, Ahmedabad, and Kondapur, Hyderabad. This expansion increased the company's presence to 37 showrooms across 28 cities. The growth was driven by a mix of design-led collections and an integrated marketing approach across digital and store-led channels.

Auditor and Board Approval

M/s. Chaturvedi & Shah LLP, the Statutory Auditors, issued an audit report with an unmodified opinion on the standalone and consolidated financial results. The Audit Committee reviewed the results, which were approved by the Board of Directors at their meeting held on May 27, 2026.