Tribhovandas Bhimji Zaveri Limited has scheduled its 19th Annual General Meeting (AGM) for Wednesday, September 9, 2026. The meeting will commence at 11:30 am and will be conducted through video conferencing or other audio-visual means, as permitted under regulatory guidelines.

Meeting Details

The company published newspaper advertisements on August 15, 2026, to notify shareholders of the upcoming AGM. The advertisements appeared in the following publications:

• Free Press Journal (English Edition)
• Nav Shakti (Marathi Edition)

Regulatory Compliance

The notice was issued in compliance with Section 108 of the Companies Act, 2013, and Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also fixed a record date to determine eligibility for the payment of the final dividend for the financial year ended March 31, 2026, if declared at the AGM.

Arpit Maheshwari, Company Secretary of Tribhovandas Bhimji Zaveri Limited, signed the communication addressed to the National Stock Exchange of India Limited and BSE Limited.

Tribhovandas Bhimji Zaveri Limited reported a 56.9% year-on-year surge in profit after tax (PAT) to ₹328.54 million for the quarter ended June 30, 2026, driven by robust Akshaya Tritiya demand and effective cost management. Revenue from operations grew 34.8% to ₹8,409.74 million, offsetting the impact of a customs duty hike on gold from 6% to 15% implemented in May 2026. The results highlight the company’s ability to maintain earnings growth through operational leverage despite structural headwinds in input costs.

The Board of Directors approved the unaudited standalone and consolidated financial results on August 11, 2026, following a limited review by statutory auditors Chaturvedi & Shah LLP. In a strategic move to strengthen its gold vertical, the Board appointed Ramnath Soundararajan as Head - Gold, designated as Senior Management Personnel, effective August 11, 2026. The company also scheduled its 19th Annual General Meeting (AGM) for September 9, 2026, via video conference.

Financial Performance

Revenue from operations stood at ₹8,409.74 million, compared to ₹6,240.07 million in Q1FY26. Gross profit increased 24.1% to ₹1,251.35 million, though gross margin contracted by 128 basis points to 14.9% due to higher gold procurement costs. EBITDA rose 38.2% to ₹710.23 million, with EBITDA margin expanding by 21 basis points to 8.4%, reflecting improved fixed cost absorption at higher throughput levels.

Operational Highlights

The quarter benefited from an early summer wedding season and strong festival demand, which supported walk-ins through April and May. However, the subsequent 28-day Adhik Maas period, devoid of auspicious wedding dates, moderated bridal purchases. To address elevated gold prices, the company launched two new collections: 'Dohra,' a detachable bridal jewellery line, and 'Sitara,' an illusion-set diamond collection targeting accessible luxury. Nearly three-quarters of showroom visitors were existing or returning clients, underscoring strong brand loyalty.

What the Numbers Show

The divergence between gross margin contraction and EBITDA margin expansion demonstrates Tribhovandas Bhimji Zaveri’s operational efficiency. While higher gold prices pressured gross margins by 128 basis points, the company absorbed fixed costs more effectively at higher throughput, allowing EBITDA margins to improve from 8.2% to 8.4% year-on-year. This indicates that volume growth and disciplined expense management are currently offsetting the structural headwinds of elevated input costs.

Corporate Actions

The Register of Members and Share Transfer Books will be closed from September 3, 2026, to September 9, 2026, for determining entitlement for the final dividend and AGM. The record date for both is September 2, 2026. The filing was made in compliance with Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.