NewsCorporate ActionsEast India Drums and Barrels Manufacturing Ltd Withdraws OFS Notice Due to Technical System IssuesEast India Drums and Barrels Manufacturing Ltd Withdraws OFS Notice Due to Technical System Issues
East India Drums and Barrels Manufacturing Ltd withdrew its December 26, 2025 OFS notice due to technical system issues in securities transfer to clearing and selling brokers. The company communicated the withdrawal to BSE Limited on the same date, expressing regret for inconvenience caused and requesting formal withdrawal of the exchange notice.
*this image is generated using AI for illustrative purposes only.
East India Drums and Barrels Manufacturing Ltd has withdrawn its Offer for Sale (OFS) notice due to technical difficulties in the securities transfer process. The company communicated this decision to BSE Limited on December 26, 2025, the same date the original OFS notice was issued.
Technical Issues Force OFS Postponement
The company cited specific technical system issues being faced in the transfer of securities to clearing brokers and selling brokers as the primary reason for the withdrawal. These technical difficulties have made it impossible for the promoters to proceed with the planned share offering as originally intended.
Official Communication Details
The withdrawal notice was formally submitted to BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai. The communication included the following key details:
| Parameter: | Details |
|---|---|
| Company: | East India Drums and Barrels Mfg Ltd |
| BSE Code: | 523874 |
| Original OFS Date: | December 26, 2025 |
| Withdrawal Date: | December 26, 2025 |
| Signatory: | Mayuri Choudhary, Company Secretary Cum Compliance Officer |
Company's Response
The company has expressed regret for any inconvenience caused due to the sudden withdrawal of the OFS notice. In the official communication, the management stated that they will not offer shares as promoters for the purpose originally stated in the OFS notice until the technical issues are resolved.
Next Steps
The company has requested BSE Limited to formally withdraw the OFS notice from the exchange. The timing of any future OFS will depend on the resolution of the current technical system issues affecting the securities transfer process to brokers.
17
