Baumann Dekor Private Limited has informed the Exchange about an announcement with respect to offer for sale through Stock Exchange Mechanism for sale upto 2,50,000 Equity shares of face value of INR 2/- each of Eastern Silk Industries Limited. Date and time of the opening of the offer for Non-Retail Investors: March 18, 2026 at 9:15 a.m.; Date and time of the closing of the offer for Non-Retail Investors: March 18, 2026 at 3:30 p.m.; Date and time of the opening of the offer for Retail Investors: March 19, 2026 at 9:15 a.m.; Date and time of the closing of the offer for Retail Investors: March 19, 2026 at 3:30 p.m. The Sale shall continue to take place on a separate window of the Stock Exchanges commencing at 9:15 a.m. and shall close at 3:30 p.m. (Indian Standard Time) on the same date. The Floor Price for the Offer shall be INR 63/- (Rupees Sixty-Three Only)
EASTSILK · price
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Awaiting price reaction for this filing.
Promoter Baumann Dekor Private Limited will sell up to 2,50,000 equity shares (5% of paid-up capital) of Eastern Silk Industries Limited through a stock exchange-based Offer for Sale. The floor price has been set at ₹63 per share, with a face value of ₹2 each. The sale opens for non-retail investors on March 18, 2026 (9:15 AM to 3:30 PM) and for retail investors on March 19, 2026 (9:15 AM to 3:30 PM). Farsight Securities Limited is acting as the seller's broker. The promoter is undertaking this OFS to meet the mandatory minimum 25% public shareholding requirement under SEBI's LODR regulations and Rule 19A(5) of the SCRR.
The sale will add 2.5 lakh shares of supply to the market, which may create short-term price pressure on the stock. Once completed, the company will achieve compliance with minimum public shareholding norms, and retail investors get a chance to bid at the floor price of ₹63 or at the cut-off price determined on T-day.