Eastern Silk Industries Limited has informed the Exchange regarding 'Disclosure under Regulation 29(2) of SEBI [SAST) Regulations, 2011 and Regulation 7(2) of Prohibition of Insider Trading 2015.'.
EASTSILK · price
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Promoter Baumann Dekor Private Limited sold 1,11,340 equity shares (2.22% of total) of Eastern Silk Industries Limited through the open market on April 6, 2026, for a total transaction value of approximately Rs. 69.48 lakh. The promoter group's holding reduced from 92.22% (46,11,340 shares) to 90.00% (45,00,000 shares) post the sale. The stated purpose of the sale is to comply with Minimum Public Shareholding (MPS) norms under Rule 19A(5) of the SCRR, 1957 and Regulation 38 of SEBI LODR Regulations, 2015, which require promoters to bring their holding down to 75%. The company has a small equity base of 50 lakh shares of Rs. 2 face value (total capital Rs. 1 crore).
This is a positive step toward restoring the Minimum Public Shareholding requirement, but promoter holding remains very high at 90%, meaning further dilution is likely. The small float and large promoter holding mean trading volumes and liquidity could remain limited, which may keep the stock volatile and illiquid for retail investors.