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Tribhovandas Bhimji Zaveri Announces Resignation of Senior Management Personnel

SEO Title

TBZ Senior Management Update: Resignation of Mr. Manoj Rathod

SEO Keywords

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SEO Description

Tribhovandas Bhimji Zaveri Limited announces the resignation of Mr. Manoj Rathod, Head of Administration, effective November 21, 2024.

Tribhovandas Bhimji Zaveri Limited (TBZ), a renowned name in the Indian jewelry industry, has formally announced the resignation of Mr. Manoj Rathod, Head of Administration and a senior management personnel. The resignation is effective from the close of business hours on November 21, 2024.

This development has been communicated in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency and compliance with regulatory mandates.

Details of the Resignation

As outlined in the company’s regulatory filing:

• Position: Head of Administration
• Date of Cessation: November 21, 2024
• Reason for Resignation: Pursuit of new professional opportunities and personal growth, as cited in Mr. Rathod’s resignation letter (enclosed in Annexure B of the filing).

In his letter, Mr. Rathod expressed gratitude for the experiences and relationships cultivated during his tenure at TBZ, underscoring the significant professional growth he achieved.

Regulatory Compliance and Disclosures

The resignation and associated details were disclosed as per the guidelines under:

1. Regulation 30 of SEBI’s Listing Obligations.
2. SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

These disclosures ensure all stakeholders remain informed about significant changes within the company’s management.

Impact on TBZ

While the resignation marks a change in TBZ's senior management team, the company has assured stakeholders of its continuity plans. The role of Head of Administration is pivotal for operations and logistics, and TBZ is likely to initiate a structured search for a replacement to ensure a seamless transition.

Conclusion

The departure of Mr. Rathod signifies a shift in TBZ's administrative landscape, but the company's adherence to regulatory frameworks reflects its strong governance practices. Stakeholders are encouraged to stay updated through official communications from the company.

For further information, visit the TBZ website or contact the compliance department at their registered office.

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