Promoters Pawan Kumar Mittal and Rukmani Devi Mittal sold a combined 220,000 equity shares of adishakti loha & ispat through open market transactions, reducing their aggregate stake in the company from 18.14% to 16.39%. The sales were executed between June 23 and July 28, 2026, and disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The disclosure was submitted to BSE Limited on August 1, 2026, by Pawan Kumar Mittal, Director of Adishakti Loha and Ispat Limited. The filing details the specific dates and volumes of the share disposals by each promoter group member.

Transaction Details

The aggregate sale of 220,000 shares was distributed across five separate transactions over a period of more than one month. Pawan Kumar Mittal accounted for the majority of the volume, selling 170,000 shares, while Rukmani Devi Mittal sold 50,000 shares.

Post-Transaction Holdings

Following the disposals, the promoter group’s total holding in Adishakti Loha and Ispat Limited stands at 2,058,000 equity shares, representing 16.39% of the total voting capital. The company’s total equity share capital remains unchanged at 12,558,000 equity shares of ₹10 each.

The revised holdings for key promoter group members are as follows:

What the Numbers Show

The data indicates that Ispatika International Limited remains the dominant entity within the promoter group, retaining its substantial 15.93% stake unchanged during this period. The individual promoters, Pawan Kumar Mittal and Rukmani Devi Mittal, have significantly reduced their personal direct holdings. Pawan Kumar Mittal’s holding dropped from 172,525 shares to just 2,525 shares, while Rukmani Devi Mittal’s holding decreased from 60,283 to 10,283 shares. This suggests a strategic consolidation or liquidity event primarily affecting the individual promoter members rather than the corporate promoter entity.

Afloat Enterprises Ltd disclosed that Pine View Portfolio Consultants Private Limited sold 540,000 equity shares in the open market, reducing its total holding from 8.36% to 4.07%. The sales took place on July 27 and July 28, 2026, with 350,000 shares traded on the first day and 190,000 on the second. This significant reduction brings Pine View’s stake below the 5% threshold often monitored for substantial acquisition disclosures, though it remains a notable shareholder.

The disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Pawan Kumar Mittal, Director of Afloat Enterprises Ltd, submitted the filing to BSE Limited on July 30, 2026. Bhaskar, Director of Pine View Portfolio Consultants Private Limited, provided the underlying transaction details, confirming the seller is not part of the promoter group.

Transaction Details

Pine View Portfolio Consultants Private Limited held 10,50,000 shares carrying voting rights prior to these transactions. The company did not hold any encumbered shares, warrants, or convertible securities at any stage of the reporting period. The total voting capital of Afloat Enterprises Ltd remained constant at 1,25,58,000 equity shares of ₹10 each throughout the period.

Regulatory Context

The sale was executed entirely through the open market mechanism. There were no off-market transfers, bulk deals, or block deals involved in this specific disclosure. The seller confirmed no pledges or liens existed on the disposed shares. Following the sale, Pine View Portfolio Consultants Private Limited retains a holding of 5,10,000 shares, representing 4.07% of the total diluted share capital. No further encumbrances or convertible instruments are associated with this remaining stake.