Thanks for the manual reference, being able to see what you saw is very helpful. The module in question is a pass-through module for network traffic. It doesn't have any logic on it. I would try two other things. First, perform a power drain on the server. Make sure to unplug the power from the server, then hold the power button down for 30 seconds. The idea is to perform a hard restart of the iDRAC. That message leads me to believe that something is doing a soft reset of it, and we can try to clear the iDRAC by restarting it, and disabling the front panel to isolate that. The second thing you may try is flashing the iDRAC firmware. iDRAC 2.61.60: [URL]
There are constant reloads of the module BMС. In the logs, the problem looks like this "Message = The iDRAC firmware was rebooted with the following reason: ID Button." Tried to turn off the server for a while, by  completely shutting down and replacing the module with another (good). These actions did not solve the problem - the same error messages appear on the same server (despite of another BMC module). Maybe someone faced a similar problem and can help in solving it?
PowerEdge r430 Problem with BMC module