East India Drums and Barrels Manufacturing Ltd

AGM Details

• AGM held on 30 September 2026 at 3:30 PM via VC/OAVM.
• Voting cut-off date: 23 September 2026.

Key Resolutions

• Item 1 (Ordinary): Adoption of Audited Financials and reports.
• Item 2 (Ordinary): Appoint Secretarial Auditor for three years to 2028-29.
• Item 3 (Ordinary): Appoint Madhu Nitin Kanadia as Independent Woman Director for one year.
• Item 4 (Ordinary): Related party transactions up to ₹45 Crores.
• Item 5 (Ordinary): Ratify remuneration of Cost Auditors for FY 2027.
• Item 6 (Special): Loans/guarantees/securities under section 186.
• Item 7 (Special): Borrowing beyond limits under section 180(1)(c).

Voting Results

• Item 1: Passed; in-favor 99.9998%, against 0.0002%.
• Item 2: Passed; in-favor 99.9998%, against 0.0002%.
• Item 3: Passed; in-favor 99.9998%, against 0.0002%.
• Item 4: Passed; in-favor 99.9998%, against 0.0002%.
• Item 5: Passed; in-favor 99.9998%, against 0.0002%.
• Item 6: Passed; in-favor 99.9998%, against 0.0002%.
• Item 7: Passed; in-favor 99.9998%, against 0.0002%.

Director Changes

• Appointment of Madhu Nitin Kanadia as Independent Woman Director for one year.

Auditors

• Secretarial Auditor appointed for three years ending 2028-29.
• Cost Auditor remuneration ratified for FY 2027.

Material Related Party Transactions

• Related party transactions approved up to ₹45 Crores.

Other Approvals

• Loans/guarantees/securities under section 186 approved.
• Borrowing limits under section 180(1)(c) approved.

Promoter stake change and disclosures

• Promoter Madhav Jayesh Valia sold 85,672 equity shares in open market on 29-Sep-2026.
• Post-transaction holding: 46,15,600 shares, 31.24% of voting share capital.
• Pre-transaction holding: 47,01,272 shares, 31.82%.
• Regulatory disclosures filed under SEBI Regulation 29(2) and insider trading rules.
• Equity share capital unchanged at 1,47,74,221 shares.
• Mode: Open Market; exchange: BSE.

AGM Highlights

• AGM held on September 30, 2026 at 3:30 p.m. IST via VC/OAVM.
• Record date: September 23, 2026; shareholders on record: 15,366.
• Report on Board and accounts taken as read; no qualifications reported.
• Scrutinizer appointed: M/s RSMJ & Associates (Chartered Accountants).
• Seven resolutions proposed across ordinary and special business.
• Audit and governance resolutions: financials, secretarial auditor appointment, director appointment, related party transactions, and cost auditor remuneration.
• Resolution 3: Appoint Madhu Nitin Kanadia as Independent Woman Director.
• Resolution 4: Approve related party transactions up to ₹45 crores for FY 2026-27.
• Resolution 5: Ratify cost auditor remuneration for FY 2026-27: Raja Dutta & Co.
• Resolution 6: Approve borrowing and creation of mortgage/charge on assets.
• Resolution 7: Approve providing securities under Section 186 of Companies Act, 2013.
• E-voting results to be informed to stock exchanges and placed on company website.
• Meeting concluded at 3:40 p.m. IST; 15 minutes kept for e-voting.

Target details and rationale

• Target entity: EIDB Ceylon Private Limited, a newly incorporated Sri Lankan drums and barrels manufacturer.
• Parent ownership: East India Drums and Barrels Manufacturing Ltd holds 80% equity and voting rights.
• Turnover: Nil for the newly incorporated entity.
• Industry: manufacturing of drums and barrels; sector: manufacturing.
• Purpose: Expand overseas market presence; aligns with existing line of business.
• Turnover history: Nil; no prior turnover due to new incorporation.
• Regulatory approvals: Approved by Sri Lankan authorities; entity duly incorporated.
• Date of incorporation: 28 September 2026.
• Capital: Cash consideration of Rs 800; funds directed to equity subscription.
• Shareholding: 80% equity share capital; 80 shares subscribed.
• Related party: Transaction; promoter group has indirect interest; arm's length basis.

Promoter stake change

• Promoter Madhav Jayesh Valia sold 130,000 equity shares on 28-September-2026 via open market.
• Pre-transaction holding: 48,31,272 shares (32.70%).
• Post-transaction holding: 47,01,272 shares (31.82%).
• Total voting capital remains 1,47,74,221 equity shares.
• Mode: Open Market; Exchange: BSE.
• Regulatory disclosures under Reg 29(2) and insider trading regs filed.

East India Drums and Barrels Manufacturing Ltd — Trading Window closed from Oct 01, 2026 till 48 hours after the declaration of the Unaudited Financial Results for the quarter ended Sept 30, 2026 (results due by Nov 16, 2026).

Order details

• Awarding entity: Hindustan Petroleum Corporation Ltd (HPCL).
• Nature: Supply of Bitumen Drums under IS3575 (Q3) via GeM.
• Contract value: ₹590,246,487.92.
• Awarding entity is domestic (HPCL).
• Execution period: 2 years.
• Promoter/related party: No; ordinary course of business.
• Significant terms: As per contract received; no further details disclosed.

Order details

• Awarding entity: Indo Tibetan Border Police (ITBP), Government of India.
• Nature and scope: Supply of Barrel-Grade A steel drums per IS 1783(Part 1).
• Contract value: ₹2,475,600.
• Awarding entity domestic: Yes.
• Time to execute: 180 days.
• Procurement channel: Government e-Marketplace (GeM).
• Promoter/group interest: No.
• Related party: No.
• Contract is in ordinary course of business.

AGM & Book Closure

• AGM date: September 30, 2026 at 3:30 PM via VC/OAVM.
• Book closure: September 24–30, 2026 (inclusive) for members and share transfers.
• Record date for e-voting eligibility: September 23, 2026.
• Security: equity shares.