Kiran Mittal reduces stake in Afloat Enterprises Ltd

Promoter group member Kiran Mittal has reduced her stake in Afloat Enterprises Ltd by selling 150000 shares through an open market transaction on June 16, 2026. This sale has lowered her shareholding in the company, which was formerly known as Adishakti Loha and Ispat Limited. The disclosures were submitted under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The disposal of shares took place on June 16, 2026. Prior to this transaction, Mittal held 296303 shares, representing 2.37% of the total paid-up equity share capital. The specific details of the share sale are outlined below:

Date	Shares Sold	% of Total Share Capital
16.06.2026	150000	1.19%

Holding Post-Transaction

Following the sale on June 16, 2026, the promoter group member's revised shareholding stands at 146303 equity shares. This represents 1.18% of the total paid-up equity share capital of the company. The total equity share capital of Afloat Enterprises Ltd remains unchanged at 12558000 shares of ₹10 each, amounting to ₹125580000.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+3.78%	+7.69%	+2.49%	+6.30%	+0.07%	+22.81%

Pine View Portfolio Consultants Private Limited has divested 300,000 equity shares in Adishakti Loha and Ispat Limited via open market sales, reducing its stake in the company. The transactions, executed on June 15 and June 16, 2026, were disclosed to BSE Limited under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The sales have adjusted the shareholder's voting rights position within the target company.

The sales comprised two separate tranches: 200,000 shares were sold on June 15, 2026, followed by an additional 100,000 shares on June 16, 2026. Prior to these transactions, Pine View Portfolio Consultants Private Limited held 15.93% of the total share capital. The entity is not classified as belonging to the promoter or promoter group of the target company.

Shareholding Details

The following table outlines the changes in shareholding following the open market disposal:

Description	Number of Shares	% of Total Share Capital
Holding before sale	20,00,000	15.93%
Shares sold	3,00,000	2.38%
Holding after sale	17,00,000	13.55%

The equity share capital of Adishakti Loha and Ispat Limited remains at 1,25,58,000 equity shares of ₹10 each, amounting to ₹12,55,80,000. The total diluted share and voting capital also remains unchanged at this figure. The disclosure was signed by Bhaskar, Director of Pine View Portfolio Consultants Private Limited, on behalf of the seller.