Malabar Gold and Diamonds executed a significant divestment in Tribhovandas Bhimji Zaveri on January 19, selling 0.8% of its stake in the heritage jewellery retail chain through open market transactions. The Kerala-headquartered jewellery group offloaded 5.28 lakh shares at ₹165.54 per share, generating proceeds of ₹8.75 crore from the transaction.

TBZ Share Performance and Stake Details

Despite the stake sale by Malabar Gold, TBZ shares demonstrated resilience, gaining 0.88% to close at ₹164.73. However, the stock continued to trade below all key moving averages, indicating ongoing technical weakness. The transaction represents 0.79% of TBZ's paid-up equity capital.

Tribhovandas Bhimji Zaveri, established in 1864, represents one of India's oldest jewellery retail chains, making it an attractive investment for industry players like Malabar Gold and Diamonds.

Other Notable Bulk Deals

The trading session witnessed additional significant bulk transactions across different sectors. PESB Alpha Fund, managed by Pune E-Stock Broking, acquired a 0.73% stake in Gabion Technologies India, purchasing 99,200 equity shares at ₹91.92 per share for a total consideration of ₹91.18 lakh.

Despite this institutional investment, Gabion Technologies shares declined 3.4% to ₹91.78 per share, reflecting broader market sentiment.

Greenleaf Envirotech Faces Selling Pressure

Greenleaf Envirotech experienced continued selling pressure, with shares falling 3.64% to ₹147, marking the third consecutive session of decline. The stock traded near the lower Bollinger bands, indicating potential oversold conditions.

The environmental solutions company faced additional pressure from Unicorn Fund's stake reduction, which involved selling 31,000 shares at ₹147.89 per share for ₹45.84 lakh.

Market Implications

These bulk deals reflect ongoing portfolio adjustments by institutional investors and strategic players across different sectors. While Malabar Gold's divestment in TBZ represents a partial exit from the jewellery retail space, the entry of PESB Alpha Fund into Gabion Technologies suggests continued interest in technology and infrastructure sectors despite short-term price volatility.

Tribhovandas Bhimji Zaveri Limited has announced that its Chairman & Managing Director, Mr. Shrikant Zaveri, has been honored with the prestigious 'Visionary Leader of the Year' award at the Retail Jeweller MD & CEO Awards 2026. The award ceremony took place on January 7, 2026, recognizing exceptional leadership and transformative impact on the global jewellery business.

Award Recognition and Significance

The 'Visionary Leader of the Year' award is presented to individuals who demonstrate exceptional ability in driving industry growth and inspiring the next generation of professionals. This recognition highlights Mr. Zaveri's role in steering TBZ through an evolving retail landscape while maintaining the brand's core values of trust, transparency, and superior craftsmanship.

Leadership Impact and Vision

Under Mr. Zaveri's leadership, TBZ has successfully integrated modern technology with traditional artistry, ensuring the brand remains at the forefront of the luxury sector. Reflecting on the achievement, Mr. Zaveri stated: "Receiving the Visionary Leader of the Year award is a deeply humbling milestone. To me, true vision is not just about foresight; it is about recognizing untapped possibilities, empowering our people, and crafting a legacy of value that transcends generations. This honour belongs to the entire TBZ team who have reimagined the future of the jewellery business alongside me."

The award reaffirms TBZ's position as a pioneer in the industry, committed to delivering world-class designs and an unparalleled customer experience.

About TBZ Limited

Tribhovandas Bhimji Zaveri Limited is India's renowned and trusted jewellery retailer with a legacy spanning more than 161 years. The company began its journey in 1864, opening its flagship store in Zaveri Bazar, Mumbai. Key highlights of the company include:

• Established itself as a preferred choice for customers in the wedding jewellery segment
• Recognized for exquisite gold and diamond jewellery designs
• First jeweller to offer a buyback guarantee on jewellery
• First to introduce 100% hallmarked jewellery in India
• Transformed from a one-store family-owned business into a professional organization
• Currently operates 37 stores across 27 cities in 12 states
• Led by the 5th generation of the founding family

Regulatory Compliance

The company has informed both the National Stock Exchange of India Limited (Symbol: TBZ) and BSE Limited (Script Code: 534369) about this recognition under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was filed on January 9, 2026, ensuring compliance with disclosure requirements for listed companies.