Shareholding24 Aug 2026, 05:51 pm
East India Drums Promoter Sells 19.68% Stake via OFS
AI Summary
Shri Madhav Jayesh Valia, a promoter of East India Drums & Barrels Manufacturing Limited, has announced an Offer for Sale (OFS) through the stock exchange mechanism. The promoter intends to sell up to 29,07,200 equity shares, representing 19.68% of the company's total paid-up capital. The sale will occur on August 25, 2026 (T Day) for non-retail investors and August 26, 2026 (T+1 Day) for retail investors and non-retail investors carrying forward bids. This OFS is being undertaken to comply with minimum public shareholding norms as prescribed by SEBI regulations. The sale will be conducted on a separate window provided by BSE Limited.
Key Highlights
- Promoter plans to sell 29,07,200 equity shares, or 19.68% of the company.
- Offer for Sale (OFS) to be conducted via stock exchange mechanism.
- Sale aims to meet SEBI's minimum public shareholding requirements.
- OFS scheduled for August 25-26, 2026, with separate days for retail and non-retail investors.
Price Impact
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