Afloat Enterprises Limited has received the resignation of its secretarial auditor, M/s G Aakash & Associates, effective September 2, 2026.

The firm cited preoccupation with other professional assignments as the reason for stepping down from the role covering financial years 2025-26 to 2029-30.

Resignation Details

M/s G Aakash & Associates, bearing COP No. 21629, was appointed under Section 204 of the Companies Act, 2013. The resignation letter was dated September 2, 2026.

The company stated there are no concerns raised by the auditor regarding management and no material reasons for the resignation.

Next Steps

The Audit Committee and Board will consider appointing a new secretarial auditor in due course. The company has filed the intimation pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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.