East India Drums Incorporates Sri Lankan Subsidiary

East India Drums and Barrels Manufacturing Ltd has incorporated a new overseas subsidiary, EIDB Ceylon Private Limited, in Sri Lanka on September 28, 2026. The company holds 80% of the equity share capital in this new entity. The subsidiary is established to manufacture drums and barrels in Sri Lanka, aligning with the company's core business and expanding its international presence. The incorporation involved a cash consideration of ₹800 for 80 equity shares, representing 80% ownership. This transaction is considered a related party transaction but is conducted on an arm's length basis. The entity has received necessary approvals from Sri Lankan authorities.