Afloat Enterprises Limited Submits SEBI Compliance Certificate for Q4FY26

1 min read     Updated on 11 Apr 2026, 02:51 AM
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Afloat Enterprises Limited submitted its Q4FY26 compliance certificate under SEBI Regulation 74(5) to BSE Limited on April 10, 2026. The certificate from registrar Bigshare Services Private Limited confirms the regulation's non-applicability as the entire shareholding remains in demat form with no rematerialisation requests received during the quarter ended March 31, 2026.

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Afloat Enterprises Limited (formerly adishakti loha & ispat ) has filed its quarterly compliance certificate with BSE Limited for the quarter ended March 31, 2026. The submission relates to Regulation 74(5) of the SEBI (Depository and Participant) Regulations, 2018, demonstrating the company's adherence to regulatory requirements.

Regulatory Compliance Status

The certificate was issued by Bigshare Services Private Limited, the company's registrar and transfer agent, on April 04, 2026. According to the documentation, Regulation 74(5) is not applicable to Afloat Enterprises Limited due to specific operational circumstances during the reporting period.

Parameter: Details
Quarter Ended: March 31, 2026
Certificate Date: April 04, 2026
Filing Date: April 10, 2026
Registrar: Bigshare Services Private Limited
Security Code: 543377

Non-Applicability Confirmation

Bigshare Services Private Limited confirmed that Regulation 74(5) of the SEBI (Depositories and Participants) Regulation, 2018 is not applicable to the company for Q4FY26. The non-applicability stems from two key factors:

  • The entire shareholding of the company remains in dematerialised form
  • No requests were received from shareholders for rematerialisation or dematerialisation during the quarter

Company Information

Afloat Enterprises Limited, formerly known as Adishakti Loha and Ispat Limited, operates from its registered office located at Plot 3, Shop 325, DDA C.CNTR, Aggarwal Plaza, Sec-14, Rohini New Delhi 110085. The company is incorporated under CIN L46290DL2015PLC275150.

Regulatory Framework

The submission falls under Regulation 74(5) of the SEBI (Depositories and Participants) Regulation, 2018, which replaced the erstwhile Regulation 54 of SEBI (Depository and Participant) Regulations, 1996. This regulation requires companies to maintain proper records and submit compliance certificates regarding the dematerialisation status of their securities.

The certificate was digitally signed by Pawan Kumar Mittal, Director of the company (DIN: 00749265), ensuring proper authorisation and compliance with digital filing requirements.

What strategic initiatives is Afloat Enterprises planning following its name change from Adishakti Loha & Ispat, and how might this rebrand impact its market positioning?

Will the company's fully dematerialized shareholding structure facilitate any upcoming corporate actions such as stock splits, bonus issues, or rights offerings?

How might changes in SEBI's depositories regulations affect Afloat Enterprises' compliance costs and operational procedures in future quarters?

Afloat Enterprises Limited Files SEBI Disclosure Under Takeover Regulations for FY26

1 min read     Updated on 03 Apr 2026, 06:19 PM
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AI Summary

Afloat Enterprises Limited filed its FY26 disclosure under SEBI takeover regulations, revealing that promoter Pawan Kumar Mittal pledged 14,12,525 shares (11.25% stake) during the year. The comprehensive disclosure covers 23 promoter group entities, with Ispatika International Limited holding the largest stake at 15.93%. The filing ensures compliance with regulatory requirements for substantial shareholding changes.

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Afloat Enterprises Limited (formerly Adishakti Loha and Ispat Limited) has submitted its mandatory disclosure under SEBI takeover regulations for the financial year ended March 31, 2026. The disclosure was filed with BSE Limited on April 03, 2026, in compliance with Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Promoter Share Pledge Details

Pawan Kumar Mittal, the company's promoter and director (DIN: 00749265), created an encumbrance/pledge on 14,12,525 shares during FY26. This represents 11.25% of the company's total shareholding. The requisite disclosure regarding this pledge was made to the company's Audit Committee and to the Stock Exchange on March 20, 2026.

Parameter: Details
Shares Pledged: 14,12,525
Percentage of Total Shares: 11.25%
Disclosure Date to Exchange: March 20, 2026
Filing Date: April 03, 2026

Promoter Group Shareholding Structure

The disclosure includes a comprehensive list of all promoter group members and persons acting in concert as of March 31, 2026. The promoter group consists of 23 entities and individuals, with varying shareholding percentages.

Key Shareholding Details

Promoter/Entity: Shares Held Shareholding (%)
Ispatika International Limited: 20,00,000 15.93%
Pawan Kumar Mittal: 14,12,525 11.25%
Kiran Mittal: 8,66,303 6.89%
Rukmani Devi Mittal: 4,20,283 3.35%
Pawan Kumar Mittal (HUF): 9,583 0.08%
Lalita Mittal: 9,583 0.07%
Rohit Mittal: 9,583 0.07%
Priyanka Mittal: 8,214 0.06%
Kailash Chand Mittal (HUF): 1,926 0.02%

Regulatory Compliance

Pawan Kumar Mittal, acting on behalf of all members of the promoter and promoter group including persons acting in concert, declared that no other encumbrance of shares was created directly or indirectly by other group members during FY26. This comprehensive disclosure ensures full compliance with SEBI regulations regarding substantial acquisition and takeover norms.

The company, headquartered in New Delhi with its registered office at Plot 3, Shop 325, DDA Commercial Centre, Aggarwal Plaza, Sector-14, Rohini, operates under CIN: L51909DL2015PLC275150. The disclosure demonstrates the company's commitment to maintaining transparency and regulatory compliance in its shareholding structure and promoter activities.

What strategic initiatives or expansion plans might have prompted Pawan Kumar Mittal to pledge 11.25% of his shareholding?

How could this significant share pledge impact investor confidence and the company's stock price performance in the coming quarters?

Will Afloat Enterprises need to raise additional capital or debt financing given the promoter's share encumbrance, and what are the potential funding alternatives?

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