East India Drums & Barrels Manufacturing Company agreed to acquire Precision Containeurs Limited (BSE:523874) for approximately INR 470 million in a reverse merger transaction on November 17, 2022. Name of the target company to be changed to East India Drums and Barrels Manufacturing Ltd. Transaction has already received approval from NCLT.

East India Drums & Barrels Manufacturing Company completed the acquisition of Precision Containeurs Limited (BSE:523874) in a reverse merger transaction on April 1, 2024.