East India Drums and Barrels Manufacturing Ltd — Important, 26-12-2025: Company Update

East India Drums & Barrels MFG Ltd's promoter, Shri Madhav Jayesh Valia, has announced an Offer for Sale (OFS) of up to 7,38,711 equity shares, representing 5% of the company's paid-up capital. This move aims to help the company meet minimum public shareholding norms. The shares, with a face value of Rs. 10, will be offered at a floor price of Rs. 105 each. Retail investors can bid for shares up to a value of 0.02 Cr, with 10% of the offer reserved for them. This OFS provides an opportunity for new investors to acquire shares and improves the company's compliance standing.