Disclosure Under Reg 29(2) of SAST and Reg 7(2) of PIT Sale of Shares.
Price
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Awaiting price reaction for this filing.
Madhav Jayesh Valia, a promoter of East India Drums and Barrels Manufacturing Ltd, sold 4,812 equity shares through the open market on BSE on January 14, 2026, for a total traded value of about ₹6 lakh. The sale reduced his stake from 51.00% to 50.97% of the company's equity share capital. The company's total share capital stands at 1,47,74,221 equity shares. Disclosures were filed on January 16, 2026 under SEBI's Takeover Regulations and Insider Trading Regulations. With this small sale, the promoter's holding has slipped just below the 51% mark, though it remains above 50%.
The sale is tiny (0.03% of equity), so it is unlikely to move the stock price by itself. However, the crossing below the 51% promoter threshold is worth noting for shareholders, as the company now has a marginally lower promoter presence than before.