Eastern Silk Industries Limited has informed the Exchange about 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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Eastern Silk Industries Limited's promoter, Baumann Dekor Private Limited, sold 1,38,660 equity shares (2.77% of total paid-up capital) through an Offer for Sale (OFS) on the NSE between March 18–19, 2026, for a total transaction value of approximately Rs. 87.36 lakh. The sale was carried out solely to comply with the Minimum Public Shareholding (MPS) norms under Rule 19A(5) of SCRR 1957 and Regulation 38 of SEBI LODR. After the sale, the promoter's holding in the company came down from 94.99988% (47,49,994 shares) to 92.2278% (46,11,334 shares). The total equity share capital of the company remains unchanged at Rs. 1 crore comprising 50 lakh shares of Rs. 2 each.
This is a regulatory-driven, non-discretionary sale by the promoter to meet mandatory public shareholding norms, so it is not a negative signal about the business. The promoter remains firmly in control at over 92% even after the sale, and the offer for sale through the exchange provides public investors an opportunity to increase their holding in the stock.