East India Drums & Barrels Manufacturing Limited has announced comprehensive details for its promoter's Offer for Sale (OFS), scheduled to take place on December 29-30, 2025. Promoter Madhav Jayesh Valia will sell up to 7,38,711 equity shares representing 5% of the company's total issued and paid-up share capital through BSE Limited's stock exchange mechanism.

OFS Structure and Timeline

The offer will be conducted over two trading days with distinct investor categories. Non-retail investors can participate on December 29, 2025 (T-Day), while retail investors and non-retail investors carrying forward unallotted bids can participate on December 30, 2025 (T+1 Day). Trading hours will be from 9:15 AM to 3:30 PM IST on both days.

Investor Categories and Allocation

The OFS features separate allocation mechanisms for different investor types. Retail investors, defined as those placing bids worth up to ₹2,00,000, will have 10% of offer shares reserved for allocation. A minimum 25% allocation is reserved for mutual funds and insurance companies, subject to valid bids at or above the floor price.

Non-retail investors participating on T-Day can indicate willingness to carry forward unallotted bids to T+1 Day for allocation in the unsubscribed retail portion. No single bidder, except mutual funds and insurance companies, can be allocated more than 25% of the offer shares.

Pricing and Settlement Mechanism

The floor price has been set at ₹105 per equity share. Allocation will occur at or above the floor price on a price priority basis at multiple clearing prices. Retail investors have the option to bid at a cut-off price, determined as the lowest price at which all offer shares get sold in the non-retail category on T-Day.

Regulatory Compliance and Purpose

The OFS is being undertaken to achieve minimum public shareholding requirements as prescribed under Rule 9(2)(b) of the Securities Contracts (Regulation) Rules, 1957, and Regulation 38 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The seller reserves rights to withdraw or cancel the offer under specified conditions, including insufficient non-retail investor participation.

Choice Equity Broking Limited will act as both the seller's broker and settlement broker for the transaction. The company's equity shares will continue trading in the normal market during the OFS period, except in case of market-wide circuit filter breaches.

East India Drums & Barrels Manufacturing Limited has announced receiving a significant Letter of Acceptance from Indian Oil Corporation Limited (IOCL), a Maharatna Public Sector Undertaking, marking another milestone in their ongoing business relationship. The order involves the procurement of 45,000 open top MS steel barrels for grease lubricants, valued at ₹8.60 crores.

Order Details and Specifications

The comprehensive order encompasses specific technical and commercial parameters that highlight the scale of this business development.

Strategic Business Impact

The company has emphasized that this Letter of Acceptance underscores its strong and longstanding relationship with Indian Oil Corporation Limited. The order reflects continued confidence in the company's manufacturing capabilities, quality standards, and timely execution abilities. Management expects this order to contribute positively to the company's operational performance while further strengthening its order book.

Compliance and Transparency

East India Drums & Barrels Manufacturing Limited has confirmed that none of the promoters, promoter group, or group companies have any interest in Indian Oil Corporation Limited. The transaction does not fall under the category of Related Party Transactions, ensuring complete transparency in the business arrangement.

The disclosure has been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating the company's commitment to maintaining proper corporate governance standards and keeping stakeholders informed about material developments.