Pine View sells 300,000 shares in Adishakti Loha and Ispat

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.79%	-1.65%	+4.88%	-0.46%	-12.13%	+15.00%

Pawan Kumar Mittal, a promoter of adishakti loha & ispat , released the encumbrance on 14,12,525 equity shares on June 12, 2026. The release reduces the promoter's encumbered holding to zero, representing 11.25% of the company's total share capital. The shares were previously pledged with MSB e-trade Securities Limited.

The disclosure was submitted to BSE Limited on June 13, 2026, under Regulation 31(2) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The filing confirms that the entire pledged holding of the promoter has been unpledged following the event.

Details of Encumbrance Release

The following table outlines the specifics of the transaction:

Particulars	Details
Name of Promoter	Pawan Kumar Mittal
Total Shares Held	14,12,525
% of Total Share Capital	11.25%
Type of Event	Release
Date of Release	12-06-2026
Post-Event Encumbered Shares	Nil
Entity in Whose Favor Shares Were Encumbered	MSB e-trade Securities Limited

Background of Pledge

According to the disclosure, the shares were initially pledged on March 16, 2026. The pledge covered 100% of the promoter's shareholding. The funds raised against the pledge were intended to be utilized by the promoter to meet margin requirements for trading in securities. MSB e-trade Securities Limited operates as a stockbroker and trading platform.