Notice of offer for sale of equity shares .
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Promoter Shri Madhav Jayesh Valia plans to sell up to 7,38,711 equity shares (5% of paid-up capital) of East India Drums and Barrels Manufacturing Ltd through a stock exchange OFS mechanism. The floor price has been set at Rs. 105 per share, and no retail discount applies. The offer will run on December 29, 2025 for non-retail investors and December 30, 2025 for retail investors, via BSE with Choice Equity Broking as the seller's broker. The sale is being carried out to meet the minimum public shareholding requirement under SEBI LODR Regulation 38 and SCRR Rule 9(2)(b).
This is a promoter exiting a small portion of holdings to bring the company into compliance with minimum public shareholding norms, which is generally a routine regulatory-driven sale. Existing shareholders may see short-term supply pressure on the stock around the OFS dates, but the promoter is reducing (not exiting) its stake.