With reference to the earlier announcement dated March 16, 2026 regarding Notice of Offer for Sale of Shares by Promoter, Madhav Jayesh Valia (the "Promoter" or "Seller") has informed BSE ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Promoter Madhav Jayesh Valia has informed BSE about the progress of his Offer for Sale (OFS) of shares in East India Drums and Barrels Manufacturing Ltd. On T day, 1,601 shares were subscribed in the non-retail category, and the promoter has accepted these bids subject to allocation. Any unsubscribed portion from the non-retail segment will be carried forward to T+1 day (March 18, 2026) and made available for bidding in the retail category, in line with SEBI OFS guidelines.
This is a promoter share sale, which typically creates near-term supply pressure on the stock. The carry-forward to retail gives smaller investors a chance to participate, but the overall float increase may weigh on the share price until the OFS is fully absorbed.