East India Drums & Barrels Secures Rs. 4.59 Crore Contract from Indian Oil Corporation Limited

East india drums & barrels mfg. Limited has announced the receipt of a significant contract from Indian Oil Corporation Limited, marking another milestone in its ongoing business relationship with the central public sector undertaking.

Contract Details and Scope

The company received a Letter of Acceptance from Indian Oil Corporation Limited bearing Reference No. MnC/LUB-36/PT-115/25-26/371 dated 25 March 2026. The contract encompasses the procurement and supply of specialized industrial containers across multiple strategic locations.

Parameter:	Details
Contract Value:	Rs. 4,59,90,000
Contract Duration:	12 months
Product Type:	1.0 mm MS Plain and Epoxy Coated Barrels
Primary Supply Location:	Silvassa
Reference Number:	MnC/LUB-36/PT-115/25-26/371

Supply Locations and Operations

The contract covers supply operations across five key locations under Indian Oil Corporation Limited's network:

LBP Taloja
LBP Trombay
LBP Mumbai
LBP Silvassa
LBP Khapri

The barrels will be supplied to Silvassa as the primary delivery point, supporting IOCL's operational requirements across these facilities.

Strategic Business Impact

The management emphasized that this Letter of Acceptance reinforces the company's established relationship with Indian Oil Corporation Limited. The contract award demonstrates continued confidence in East India Drums & Barrels' manufacturing capabilities, quality standards, and execution track record.

The order is expected to contribute positively to the company's operational performance while further strengthening its order book position. This development reflects the company's ability to secure repeat business from major public sector clients.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Managing Director Madhav Valia signed the disclosure on 26 March 2026, ensuring timely communication to stakeholders and regulatory authorities.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.07%	-15.48%	-25.26%	-64.85%	-66.82%	-90.04%

East India Drums & Barrels Mfg. has disclosed multiple share transactions by its promoter under regulatory compliance requirements. The company, formerly known as Precision Containeurs Limited, has filed disclosures regarding equity share sales by promoter Madhav Jayesh Valia on consecutive trading days.

Recent Transaction Details

The latest share sale transaction involved a smaller quantity compared to the previous day's activity:

Parameter:	March 18, 2026 Transaction	March 17, 2026 Transaction
Shares Sold:	466 equity shares	1,601 equity shares
Transaction Value:	₹58,250	₹2,00,125
Mode of Sale:	Open market	Open market
Exchange:	BSE Limited	BSE Limited

Updated Shareholding Position

Following the March 18, 2026 transaction, the promoter's shareholding pattern shows:

Shareholding Status:	Before Latest Transaction	After Latest Transaction	Net Change
Number of Shares:	75,23,266	75,22,800	-466
Percentage Holding:	50.92%	50.92%	No change
Total Share Capital:	1,47,74,221 shares	1,47,74,221 shares	Unchanged

Regulatory Compliance Framework

The company has maintained comprehensive regulatory compliance through multiple filings:

SEBI Takeover Regulations: Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Insider Trading Compliance: Filing under Regulation 7(2) read with Regulation 6(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015
Exchange Notifications: Formal intimations submitted to BSE Limited

Company Background

East India Drums & Barrels Manufacturing Ltd operates as an ISO certified company with multiple certifications including quality management (ISO 9001:2015), environmental management (ISO 14001:2015), and occupational health and safety (ISO 45001:2018). The company is incorporated with CIN L28920MH1981PLC023972 and maintains its registered office in Mumbai.

The recent transactions represent routine compliance disclosures for minor shareholding adjustments by the promoter, with minimal impact on the overall ownership structure of the company. The promoter's percentage holding remains stable at 50.92% despite the share sales.