Madhav Valia Sells 15.27% Stake in East India Drums

Madhav Jayesh Valia, a promoter of East India Drums and Barrels Manufacturing Ltd, has sold 22,55,833 equity shares, representing 15.27% of the total share capital. This transaction was conducted via the open market (OFS). Prior to the sale, Valia held 75,22,800 shares (50.92% stake). Post-sale, his holding has reduced to 52,66,967 shares, accounting for 35.65% of the total share capital. The company filed a revised intimation to rectify a minor typographical error in an earlier submission related to this disclosure under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and SEBI (Prohibition of Insider Trading) Regulations, 2015.