Promoter group member Kiran Mittal has sold a total of 340000 shares in adishakti loha & ispat through open market transactions, reducing her stake in the company. The sales occurred on June 11 and June 12, 2026, as disclosed to the stock exchange. Following the transaction, her holding has decreased to 2.37% of the total voting capital.

The disclosures were submitted under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior to the sale, Mittal held 636303 shares, which accounted for 5.07% of the company's equity. The transactions were executed entirely in the open market.

Transaction Details

The disposal of shares was carried out over two consecutive days. The specific details of the share sales are outlined below:

Holding Post-Transaction

After the completion of these sales, the promoter group member's revised shareholding stands at 296303 equity shares. This represents 2.37% of the total paid-up equity share capital of the company. The total equity share capital of Adishakti Loha and Ispat Limited remains unchanged at 12558000 shares of ₹10 each, amounting to ₹125580000.

Afloat Enterprises Limited reported a net profit of ₹0.06 lakh for the financial year ended March 31, 2026, a significant decline from ₹27.43 lakh in the previous year. Revenue from operations for the year stood at ₹179.79 lakh, down from ₹609.85 lakh in FY25. The board approved the audited standalone financial results for the half year and year ended March 31, 2026, at its meeting held on May 26, 2026.

The statutory auditors, M/s V. N. Purohit & Co, issued an audit report with an unmodified opinion on the financial results. The board also took note of the statement of deviation or variation pursuant to Regulation 32 of the SEBI (LODR) Regulations, 2015, which was stated as not applicable. Additionally, the board appointed M/s Shweta Goel & Co, Chartered Accountants, as internal auditors for the financial year 2026-27.

For the half year ended March 31, 2026, the company reported a profit after tax of ₹17.06 lakh, compared to a loss of ₹17.00 lakh in the half year ended September 30, 2025. Revenue from operations for the half year was ₹79.73 lakh. Total income for the year was ₹191.20 lakh, while total expenses were ₹190.90 lakh.

Financial Results for FY26

The company's cash and cash equivalents decreased to ₹2.34 lakh as of March 31, 2026, from ₹18.12 lakh in the previous year. Short-term borrowings stood at ₹46.50 lakh, while trade receivables reduced significantly to ₹82.11 lakh from ₹627.59 lakh in the prior year.