3.30 (1.25%) Tribhovandas Bhimji Zaveri (TBZ) has received an approval to liquidate the affairs (Winding-up) of Konfiaance Jewellery, a wholly owned subsidiary of the company as Voluntary Liquidation. The board of directors at its meeting held on August 2, 2017 has approved for the same.
Konfiaance Jewellery has no turnover in previous years and the company is not planning to do any business in Konfiaance and due to this reason, it is decided to liquidate the affairs (winding-up) of this wholly owned subsidiary company as Voluntary Liquidation.
Tribhovandas Bhimji Zaveri is a well known jewellery retailer in India and is primarily engaged in selling gold and diamond-studded jewellery.