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:

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.

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.