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Eastern Silk Industries Limited ( (IN:EASTSILK) ) just unveiled an update.
Baumann Dekor Private Limited, a promoter of Eastern Silk Industries Limited, has disclosed the sale of 111,340 equity shares with a face value of ₹2 each in the open market. The disclosure has been filed with both NSE and BSE under Regulation 29(2) of SEBI’s SAST Regulations, 2011 and Regulation 7(2) of the Prohibition of Insider Trading Regulations, 2015.
According to the filing, the stake sale is aimed at achieving compliance with minimum public shareholding norms prescribed under Rule 19A(5) of the Securities Contracts (Regulation) Rules, 1957 and Regulation 38 of SEBI’s Listing Obligations and Disclosure Requirements Regulations, 2015. The move signals an effort by the promoter group and the company to align their shareholding pattern with regulatory requirements, which may improve the stock’s eligibility and governance profile for public investors.
More about Eastern Silk Industries Limited
Eastern Silk Industries Limited operates in the textiles sector, with its equity shares listed on the National Stock Exchange of India and BSE. The company’s promoter group includes Baumann Dekor Private Limited, which holds a significant stake and undertakes share transactions in compliance with Indian securities regulations.
Average Trading Volume: 5,498
Technical Sentiment Signal: Buy
Current Market Cap: 319.9M INR
See more data about EASTSILK stock on TipRanks’ Stock Analysis page.