PACs sell 6.8 lakh shares, stake falls to 20.69%
Persons Acting in Concert (PACs) of Adishakti Loha and Ispat Limited sold 6,80,000 equity shares on June 18, 2026, reducing the promoter group's holding from 26.10% to 20.69%. The sale included shares sold by Pawan Kumar Mittal, Kiran Mittal, and Rukmani Devi Mittal. The company's equity share capital remains unchanged at ₹12,55,80,000.
*this image is generated using AI for illustrative purposes only.
Persons Acting in Concert (PACs) associated with adishakti loha & ispat sold an aggregate of 6,80,000 equity shares through open market transactions on June 18, 2026. This sale reduced the combined shareholding of the promoter group from 26.10% to 20.69%, triggering a mandatory disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction was communicated to BSE Limited on June 20, 2026.
The aggregate sale comprised 5,40,000 equity shares sold by Pawan Kumar Mittal, 40,000 equity shares sold by Kiran Mittal, and 1,00,000 equity shares sold by Rukmani Devi Mittal. The equity share capital of Adishakti Loha and Ispat Limited remains unchanged at 1,25,58,000 equity shares of ₹10 each, amounting to ₹12,55,80,000.
Shareholding Details
The following table outlines the changes in shareholding for the PACs before and after the sale:
| Shareholder | Shares Before | Shares After | Change |
|---|---|---|---|
| Pawan Kumar Mittal | 9,32,525 | 3,92,525 | -5,40,000 |
| Kiran Mittal | 1,46,303 | 1,06,303 | -40,000 |
| Rukmani Devi Mittal | 1,60,283 | 60,283 | -1,00,000 |
| Pawan Kumar Mittal HUF | 9,583 | 9,583 | - |
| Kailash Chand Mittal HUF | 1,926 | 1,926 | - |
| Priyanka Mittal | 8,214 | 8,214 | - |
| Lalita Mittal | 9,583 | 9,583 | - |
| Rohit Mittal | 9,583 | 9,583 | - |
| Ispatika International Limited | 20,00,000 | 20,00,000 | - |
| Total | 32,78,000 | 25,98,000 | -6,80,000 |
Transaction and Capital Structure
The sale of 6,80,000 shares represented 5.42% of the company's total paid-up voting capital. The total diluted share capital also remains at 1,25,58,000 shares.
Historical Stock Returns for Adishakti Loha & Ispat
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.79% | -1.65% | +4.88% | -0.46% | -12.13% | +15.00% |
Does this reduction in promoter shareholding signal a strategic exit or a shift in capital allocation priorities?
How might the market interpret the loss of promoter voting control dropping below the 25% threshold?
Are there potential buyers accumulating these shares that could lead to a change in the company's ownership structure?
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