East India Drums & Barrels Manufacturing Limited has secured a significant order from Indian Oil Corporation Limited (IOCL), marking another milestone in its business relationship with the public sector energy giant. The company announced receipt of a Letter of Acceptance for steel drums and barrels supply worth ₹18,170,815.

Order Details

The contract specifications highlight the company's continued engagement with India's energy sector:

Strategic Significance

The management emphasized that this Letter of Acceptance represents another significant milestone in the company's association with Indian Oil Corporation Limited. The order reaffirms East India Drums & Barrels' capability to deliver high-quality industrial packaging solutions that meet the evolving needs of India's energy sector.

Company Profile

East India Drums & Barrels Manufacturing Limited operates as an ISO certified company, holding certifications for ISO 9001:2015, 14001:2015, and 45001:2018. The company was formerly known as Precision Containeurs Limited and maintains its registered office in Mumbai. It trades on the Bombay Stock Exchange under scrip code 523874.

Regulatory Compliance

The company made this disclosure in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015, ensuring transparency with stakeholders regarding material developments. The announcement was signed by Managing Director Madhav Valia, who holds DIN 03381853.

East India Drums & Barrels Manufacturing Limited has announced that promoter Madhav Jayesh Valia has reduced his shareholding in the company through an open market sale of equity shares. The transaction, completed on January 16, 2026, involved the sale of 5,221 equity shares worth ₹6.51 lakh.

Transaction Details

The share sale resulted in a marginal reduction in the promoter's stake in the company. The following table summarizes the key transaction parameters:

Shareholding Changes

Madhav Jayesh Valia's shareholding position before and after the transaction shows the following changes:

The company's total equity share capital remained unchanged at 1,47,74,221 equity shares both before and after the transaction.

Regulatory Compliance

East India Drums & Barrels Manufacturing Limited filed the necessary disclosures with BSE Limited on January 19, 2026, in compliance with regulatory requirements. The disclosure was made under 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.

The company, formerly known as Precision Containeurs Limited, holds ISO certifications for quality management (9001:2015), environmental management (14001:2015), and occupational health and safety management (45001:2018). Company Secretary Mayuri Choudhary signed the regulatory filings on behalf of the company.