Tribhovandas Bhimji Zaveri Limited has informed the Exchange about change in Management
TBZ · price
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TBZ reported Q1 FY26 standalone revenue of ₹62,400.67 lakhs, up 4.7% year-on-year, with profit after tax rising 13.4% to ₹2,094.42 lakhs and EPS at ₹3.14 vs ₹2.77 last year. Gross margin expanded 176 basis points to 16.16% and EBITDA grew 20.7% to ₹514.08 lakhs, supported by premium product mix and procurement efficiency. The Board approved re-appointment of Mr. Shrikant Zaveri as Chairman & Managing Director and his daughters Ms. Binaisha Zaveri and Ms. Raashi Zaveri as Whole-time Directors, each for a 5-year term starting January 2026. Independent Director Mrs. Sudha Pravin Navandar was also re-appointed for a second 5-year term. Statutory auditor Chaturvedi & Shah LLP was re-appointed and Pramod S. Shah & Associates was named as new Secretarial Auditor. The 18th AGM is set for September 9, 2025 with a record date of September 2, 2025 for the final dividend. The Board also cleared an MOA amendment to allow the company to accept deposits from members and the public.
Strong Q1 results with double-digit profit growth and meaningful margin expansion signal healthy operating momentum, likely to be viewed positively by shareholders. Continuity in promoter-family leadership and the new deposit-taking capability could support future funding flexibility and growth.