East India Drums & Barrels Manufacturing Limited has disclosed that its promoter Madhav Jayesh Valia sold equity shares through open market transactions, reducing his stake in the company. The transaction was executed on January 14, 2026, with regulatory filings submitted to BSE Limited on January 16, 2026.

Transaction Details

The share sale transaction involved specific quantities and values that impacted the promoter's overall holding in the company.

Shareholding Changes

The transaction resulted in a marginal reduction in Madhav Jayesh Valia's shareholding percentage in East India Drums & Barrels Manufacturing Limited.

Company Information

East India Drums & Barrels Manufacturing Limited, formerly known as Precision Containeurs Limited, is an ISO certified company with CIN L28920MH1981PLC023972. The company's registered office is located at 201, A Wing, Jwala Estate, Pushpa Vinod-2, Soni Wadi, S.V. Road, Borivali (W), Mumbai - 400 092. The company's equity share capital remains unchanged at 1,47,74,221 equity shares.

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and Regulation 7(2) read with Regulation 6(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015. Company Secretary Mayuri Choudhary, with membership number A55667, filed the necessary documentation with BSE Limited. The transaction value of ₹6,00,076.00 excludes taxes, brokerage, and other charges as per regulatory requirements.

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 ₹105.00 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. The offer is conducted under SEBI's Master Circular for Stock Exchanges and Trading, ensuring full regulatory compliance.