Tribhovandas Bhimji Zaveri Limited has informed the Exchange regarding Appointment of M/s . Pramod S. Shah & Associates as Secretarial Auditor of the company w.e.f. April 01, 2025.
TBZ · price
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TBZ reported a strong start to FY26 with Q1 revenue of ₹6,240 million (up 4.7% YoY), EBITDA of ₹514 million (up 20.7%), and PAT of ₹209 million (up 13.4%), with gross margins expanding 176 basis points to 16.2% and EBITDA margins at 8.2%. The company opened two flagship showrooms in Hyderabad (Kondapur) and Ahmedabad (C.G. Road), taking its network to 37 stores across 27 cities. The Board approved re-appointment of Chairman & MD Shrikant Zaveri, Whole-time Directors Binaisha and Raashi Zaveri (his daughters), and Independent Director Sudha Pravin Navandar, each for 5-year terms from January/April 2026, subject to shareholder approval. Statutory auditor Chaturvedi & Shah LLP was re-appointed for a second 5-year term, and M/s. Pramod S. Shah & Associates was newly appointed as Secretarial Auditor for 5 years. The Board also proposed amending the MOA to allow the company to accept deposits from members and the public, and fixed September 9, 2025 for the 18th AGM.
Solid margin-led earnings growth and continued store expansion reinforce the company's steady scale-up story, likely positive for sentiment. The MOA amendment to accept public/member deposits could give TBZ an additional, low-cost funding avenue for future growth, though it will require shareholder approval at the upcoming AGM.