Eastern Silk Industries Completes OFS Sale of 1.39 Lakh Shares by Promoter
Eastern Silk Industries Limited successfully completed the disposal of 1,38,660 equity shares by promoter Baumann Dekor Private Limited through NSE's OFS mechanism on March 18-19, 2026. The transaction reduced the promoter's shareholding from 95% to 92.22%, representing a 2.77% stake valued at ₹87,35,580, undertaken for minimum public shareholding compliance under SEBI regulations.
*this image is generated using AI for illustrative purposes only.
Eastern Silk Industries Limited has successfully completed the disposal of 1,38,660 equity shares by its promoter Baumann Dekor Private Limited through the National Stock Exchange's Offer for Sale (OFS) mechanism. The transaction, executed on March 18-19, 2026, represents 2.77% of the company's total issued and paid-up equity share capital and was undertaken to achieve compliance with minimum public shareholding requirements.
Transaction Details and Impact
The completed OFS has resulted in a significant change in the promoter's shareholding structure. Baumann Dekor Private Limited's stake has been reduced from 47,49,994 equity shares to 46,11,334 equity shares, representing a decrease from 95% to 92.22% of the total shareholding.
| Parameter: | Before OFS | After OFS | Change |
|---|---|---|---|
| Shares Held: | 47,49,994 | 46,11,334 | -1,38,660 |
| Shareholding %: | 95.00% | 92.22% | -2.77% |
| Transaction Value: | - | ₹87,35,580 | - |
| Face Value per Share: | ₹2 | ₹2 | - |
Regulatory Compliance and Disclosures
The transaction has been disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and Regulation 7(2) of Prohibition of Insider Trading Regulations, 2015. The disposal was executed to achieve compliance with minimum public shareholding norms as specified in Rule 19A(5) of Securities Contracts (Regulations) Rules, 1957.
| Regulatory Aspect: | Details |
|---|---|
| Transaction Period: | March 18-19, 2026 |
| Exchange: | National Stock Exchange |
| Company Notification: | March 20, 2026 |
| ISIN Code: | INE962C01035 |
| Scrip Code (BSE): | 590022 |
| Symbol (NSE): | EASTSILK |
Promoter Group Structure
The promoter group includes Baumann Dekor Private Limited as the primary seller, along with Persons Acting in Concert (PACs) comprising Consilio Resources Private Limited, Dorato Infrastructure Private Limited, VFM Infraventures Private Limited, and individual promoters Ajay Bikram Singh, Veenu Kanwar, and Abhay Singh. The PACs collectively hold a minimal stake of 6 shares representing 0.00012% of the total equity.
Company Capital Structure
Eastern Silk Industries Limited maintains a total equity share capital of ₹1,00,00,000 comprising 50,00,000 equity shares of face value ₹2 each. The capital structure remains unchanged post-transaction, with the OFS representing a transfer of existing shares rather than fresh issuance. The company is listed on both NSE and BSE, with its registered office located at 19, R.N. Mukherjee Road, Kolkata.
Source: Company disclosure filings dated March 20, 2026
Will Eastern Silk Industries need to conduct additional OFS rounds to meet the minimum 25% public shareholding requirement?
How might the increased public float impact Eastern Silk's stock liquidity and institutional investor interest?
What strategic initiatives could Eastern Silk pursue with the ₹87+ lakh raised through this share disposal?
20
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
