Promoter OFS: 19.68 percent stake sale at floor price Rs.95
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Promoter Shri Madhav Jayesh Valia plans to sell up to 29,07,200 shares (19.68 percent of paid-up capital) of East India Drums and Barrels Manufacturing Ltd via BSE OFS window on August 25 and 26, 2026. Floor price is Rs.95 per share. Purpose is to meet minimum public shareholding norms under SEBI and SCRR rules. 10 percent reserved for retail investors, no retail discount offered.
Promoter offloading about 20 percent stake to meet public shareholding rules; expect temporary supply pressure around August 25-26, 2026.