East India Drums and Barrels Manufacturing Ltd

Seller

• Seller: Promoter Shri Madhav Jayesh Valia.

Company and ISIN

• Company: East India Drums & Barrels Manufacturing Limited; ISIN: INE191C01023.

Offer size & shareholding

• Up to 29,07,200 equity shares, 19.68% of paid-up capital.

Market and clearing

• Platform: BSE; clearing: Indian Clearing Corporation Limited (ICCL).

Dates & timings

• T Day: Aug 25, 2026, 9:15 AM–3:30 PM for Non-Retail.
• T+1 Day: Aug 26, 2026 for Retail and carry-forward Non-Retail bids.

Pricing

• Floor price: Rs 95 per share.
• Retail discount: Not Applicable.
• Cut-off option available for Retail bids.
• No green shoe option.

Allocation & reservations

• Minimum 25% reserved for MF and Insurance.
• Retail portion: 10% of offer.
• No single bidder other than MF/Insurance may exceed 25%.
• MF/Insurance 25% minimum; unsubscribed portion to non-retail.
• Non-retail allocations at Cut-off or higher.

Withdrawal & cancellation

• Seller may withdraw before T Day; 10 trading-day cooling period.
• Cancellation if non-retail bids insufficient or settlement defaults.
• Notification to Stock Exchange by 5 PM on T Day.

Settlement

• Settlement: trade-for-trade; Non-Retail 100% upfront settle on T+2.
• Retail and carry-forward bids settle on T+2.
• Institutional bids without upfront settle on T+2.
• Carry-forward bids settle on T+2.

Seller's broker

• Choice Equity Broking Pvt Ltd (Settlement Broker).

Order details

• Awarding entity: Munitions India Limited (through GeM).
• Contract scope: supply of 1519 barrels, 200 L capacity, as per IS 1783.
• Domestic award; strengthens defence-sector presence for the company.
• Contract value not disclosed; timeline for completion not specified.

Key corrections

• Corrigendum corrects reference to Final Dividend, which is deleted; no final dividend declared for FY 2025-26.
• Record date fixed at 21 September 2026; share transfer registers closed 22-28 September 2026 for AGM.

Dividend status

• Board disapproved declaration of interim dividend for FY 2026-27.
• No interim dividend shall be declared for the Financial Year 2026-27.

Board actions

• Unaudited standalone Q1 FY27 results approved; quarter ended 30-06-2026.
• AGM fixed for 28-Sep-2026; record date 21-Sep-2026.
• No interim dividend for FY2026-27 declared.

Dividend & AGM timings

• Record date: 21 Sep 2026; AGM: 28 Sep 2026 (VC/OAVM).

Auditor & compliance

• Limited Review report issued with unmodified opinion on standalone results.

Meeting Details

• Board meeting scheduled for August 13, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited financial results for the quarter ended June 30, 2026.
• Consider and approve interim dividend for the financial year 2026-27.
• Any other item to be taken up with chair's permission.

Other Notes

• No additional material notes disclosed.

Meeting Details

• Board meeting scheduled for August 13, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited financial results for the quarter ended June 30, 2026.

Board meeting outcomes

• Board held on 18 July 2026 approved Audited Standalone Results for quarter/year ended 31 March 2026.
• Declaration of unmodified Audit Report on Standalone results.
• Approved Secretarial Auditor appointment for FY2026-27, subject to shareholder approval.
• Approved Internal Auditor appointment for FY2026-27.
• Approved Cost Auditor appointment for FY2026-27, subject to shareholder ratification.
• Meeting duration 4:00 PM to 4:30 PM.