Description

Baumann Dekor Private Limited proposes to sell 2,50,000 equity shares (5% stake) of Eastern Silk Industries Limited through OFS mechanism on July 29-30, 2025.

Summary

Baumann Dekor Private Limited, a promoter of Eastern Silk Industries Limited, has announced an Offer for Sale (OFS) of 2,50,000 equity shares representing 5% of the company’s total paid-up equity share capital. The OFS is scheduled for July 29, 2025 (Non-Retail Investors) and July 30, 2025 (Retail Investors) at a floor price of ₹2 per equity share.

Key Points

  • Sale of 2,50,000 equity shares of face value ₹2 each
  • Represents 5% of total paid-up equity share capital
  • Floor price set at ₹2 per equity share
  • All eligible bidders will be allotted shares at floor price only
  • Conducted through seller’s broker on separate stock exchange window
  • Compliance with SEBI OFS Circular SEBI/HO/MRD2/PoD-2/CIR/P/2024/00181 dated December 30, 2024

Regulatory Changes

The OFS is conducted in accordance with the master circular for stock exchanges and clearing corporations and revised operational guidelines for OFS segment issued by BSE vide notice 20240701-19 dated July 1, 2024.

Compliance Requirements

  • OFS undertaken to achieve public shareholding compliance as per Rule 19A(5) of Securities Contracts (Regulation) Rules, 1957
  • Compliance with Regulation 38 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Adherence to SEBI master circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 for public shareholding criteria

Important Dates

  • July 29, 2025 (T-day): OFS for Non-Retail Investors only
  • July 30, 2025 (T+1 day): OFS for Retail Investors
  • Notice date: July 28, 2025

Impact Assessment

This OFS will help Eastern Silk Industries Limited achieve minimum public shareholding requirements. The sale of 5% promoter stake will increase public float and improve liquidity. The fixed floor price mechanism ensures price transparency for all participants.

Impact Justification

Significant promoter stake sale affecting public shareholding compliance