Tribhovandas Bhimji Zaveri Head of HR Shikha Khurana Resigns to Pursue Career Opportunities

1 min read     Updated on 04 Mar 2026, 08:39 PM
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Overview

Tribhovandas Bhimji Zaveri Limited announced the resignation of Ms. Shikha Khurana, Head - Human Resources, effective March 4, 2026. She resigned to pursue other career opportunities and expressed gratitude for the professional growth during her tenure. The company complied with SEBI regulations by formally notifying NSE and BSE about this senior management change.

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Tribhovandas Bhimji Zaveri Limited has announced the resignation of Ms. Shikha Khurana from her position as Head - Human Resources, effective March 4, 2026. The company formally notified both the National Stock Exchange of India Limited and BSE Limited about this senior management change under Regulation 30 of SEBI Listing Obligations and Disclosures Requirements Regulations, 2015.

Resignation Details

Ms. Khurana submitted her resignation letter on March 4, 2026, citing her decision to pursue other career opportunities. The resignation became effective from the close of business hours on the same date.

Parameter Details
Position Head - Human Resources
Effective Date March 4, 2026
Reason Pursuit of other career opportunities
Status Senior Management Personnel

Formal Communication

In her resignation letter addressed to the management, Ms. Khurana expressed gratitude for her tenure with the organization. She described her time with the company as professionally enriching and acknowledged the opportunities, exposure, and trust extended by the management and leadership team. The outgoing HR head highlighted that working closely with colleagues had been a valuable learning experience.

Regulatory Compliance

Company Secretary Arpit Maheshwari signed the formal intimation to stock exchanges, ensuring compliance with SEBI Master Circular No.: SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The notification included all required information as per regulatory guidelines for senior management personnel changes.

Company Background

Tribhovandas Bhimji Zaveri Limited, established in 1864, operates as a jewelry retailer with its registered office located at Zaveri Bazar, Mumbai. The company trades on NSE under the symbol TBZ and on BSE with scrip code 534369.

Historical Stock Returns for Tribhovandas Bhimji Zaveri

1 Day5 Days1 Month6 Months1 Year5 Years
-1.99%-9.55%-7.57%-26.24%-13.07%+82.48%
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Tribhovandas Bhimji Zaveri Receives Credit Rating Re-affirmation from ICRA Limited

1 min read     Updated on 25 Feb 2026, 11:35 AM
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Overview

Tribhovandas Bhimji Zaveri Limited announced that ICRA Limited has re-affirmed its credit rating at [ICRA] A- (Stable) for long-term fund-based working capital, cash credit, and term loans. The rating was not only re-affirmed but also assigned for an enhanced amount, as communicated through ICRA's letter dated 24th February, 2026. The company disclosed this development to NSE and BSE on 25th February, 2026, in compliance with SEBI Listing Regulations, demonstrating continued creditworthiness and financial stability.

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Tribhovandas bhimji zaveri Limited has received a credit rating re-affirmation from ICRA Limited, maintaining its [ICRA] A- rating with a stable outlook. The rating agency communicated this decision through a letter dated 24th February, 2026, which was subsequently disclosed to the stock exchanges on 25th February, 2026.

Rating Details and Scope

The re-affirmed rating covers the company's long-term fund-based facilities, providing a comprehensive assessment of its creditworthiness across multiple financial instruments.

Parameter: Details
Facility Type: Long term – Fund-based working capital / Cash Credit / Term loans
Rating: [ICRA] A- (Stable)
Action: Re-affirmed and assigned for enhanced amount
Rating Agency: ICRA Limited
Letter Date: 24th February, 2026

Regulatory Compliance

The company fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary Arpit Maheshwari communicated the rating update to both the National Stock Exchange of India Limited and BSE Limited, ensuring transparency with stakeholders.

Enhanced Credit Facility

A notable aspect of this rating action is that ICRA Limited has not only re-affirmed the existing [ICRA] A- (Stable) rating but has also assigned it for an enhanced amount. This suggests an expansion in the company's credit facilities, reflecting potential business growth requirements or improved financial capacity.

Market Implications

The stable outlook accompanying the A- rating indicates ICRA's assessment that Tribhovandas Bhimji Zaveri Limited maintains consistent financial performance and creditworthiness. For a jewelry retail company operating since 1864, this rating re-affirmation provides continued access to institutional funding at competitive rates for working capital and expansion needs.

Historical Stock Returns for Tribhovandas Bhimji Zaveri

1 Day5 Days1 Month6 Months1 Year5 Years
-1.99%-9.55%-7.57%-26.24%-13.07%+82.48%
Tribhovandas Bhimji Zaveri
View Company Insights
View All News
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1 Year Returns:-13.07%