Adishakti Loha promoters revise disclosure for 4.1 lakh share sale
Kiran Mittal and Rukmani Devi Mittal, PACs of the promoter group, revised their BSE disclosure for the sale of 4,10,000 shares in Adishakti Loha and Ispat Limited. The open market transactions on June 15 and 16, 2026, reduced the promoter group's holding from 33.19% to 29.93%.
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Kiran Mittal and Rukmani Devi Mittal, Persons Acting in Concert (PACs) belonging to the promoter group of adishakti loha & ispat , submitted a revised disclosure to BSE regarding the sale of 4,10,000 equity shares. The transactions were executed via open market sales on June 15 and June 16, 2026. The filing corrects a typographical error in the initial submission dated June 19, 2026, under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Transaction Details
The aggregate sale comprised 10,000 equity shares sold by Rukmani Devi Mittal on June 15, 2026, and 1,50,000 shares sold by Kiran Mittal alongside 2,50,000 shares sold by Rukmani Devi Mittal on June 16, 2026. The total shares sold represent 3.26% of the total share capital.
Shareholding Pattern
The following table details the changes in the shareholding of the promoter group following the disposal:
| Description | Number of Shares | % of Total Share Capital |
|---|---|---|
| Holding before sale | 41,68,000 | 33.19% |
| Shares sold | 4,10,000 | 3.26% |
| Holding after sale | 37,58,000 | 29.93% |
Individual Holdings
Post-transaction, Rukmani Devi Mittal's holding decreased to 1,60,283 shares (1.27%), while Kiran Mittal's holding reduced to 1,46,303 shares (1.17%). The holdings of other group members, including Pawan Kumar Mittal and Ispatika International Limited, remained unchanged. Adishakti Loha and Ispat Limited's equity share capital stands at 1,25,58,000 equity shares of ₹10 each.
Historical Stock Returns for Adishakti Loha & Ispat
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.78% | +7.69% | +2.49% | +6.30% | +0.07% | +22.81% |
Does this reduction in promoter shareholding signal a potential exit strategy or a shift in capital allocation?
How will the market interpret this divestment regarding the company's future growth prospects?
Is there a risk of further stake dilution by the promoter group in the near future?
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