Eastern Silk Industries Limited has informed the Exchange about General Updates
EASTSILK · price
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Eastern Silk Industries Limited's promoter, Baumann Dekor Private Limited, plans to sell 2,50,000 equity shares (representing 5% of the company's paid-up capital) through the stock exchange OFS mechanism. The floor price has been set at Rs. 63 per share, with bidding open on March 18, 2026 for non-retail investors and March 19, 2026 for retail investors. The sale is being carried out specifically to comply with SEBI's minimum public shareholding (MPS) norms. Farsight Securities Limited is acting as the seller's broker, and 10% of the offer size is reserved for retail investors.
This is a promoter-driven share sale, which can create short-term supply pressure on the stock. The floor price of Rs. 63 acts as a near-term reference for the stock, and the OFS gives retail investors a chance to buy shares directly from the promoter, potentially at or near the floor price.