Disclosure Under Reg 29(2) of SAST and Reg 7(2) of PIT Sale of Shares .
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.2 pts more than Nifty Microcap 250 and 1.9 pts more than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter Madhav Jayesh Valia sold 1,601 equity shares of East India Drums and Barrels Manufacturing Ltd through the open market on BSE on March 17, 2026. The sale represents just 0.01% of the company's total share capital. Before the transaction, the promoter held 75,24,867 shares (50.93%); after the sale, the holding stands at 75,23,266 shares (50.92%). The disclosure has been filed under SEBI SAST Regulation 29(2) and PIT Regulation 7(2), with total traded value of approximately Rs. 2,00,125. The transaction is purely a minor portfolio adjustment by the promoter, with no change in encumbrance status.
This is a negligible, routine sale by the promoter that has virtually no impact on shareholding structure or stock price. The promoter continues to retain majority control above 50%, so investors should not read this as a signal of weakening promoter confidence.