Key Quantitative Figures
- Total Shares Sold: 320,000 equity shares
- Pawan Kumar Mittal Sale 1: 20,000 shares on June 19, 2026
- Kiran Mittal Sale: 100,000 shares on June 19, 2026
- Pawan Kumar Mittal Sale 2: 200,000 shares on June 22, 2026
Dates of Action
- Transaction Dates: June 19, 2026 and June 22, 2026
- Disclosure Date: June 23, 2026
Parties Involved
- Target Company: Afloat Enterprises Limited (formerly Adishakti Loha and Ispat Limited)
- Sellers: Pawan Kumar Mittal and Kiran Mittal (Persons Acting in Concert/PACs)
- Regulatory Recipient: BSE Limited
- Other PAC Members Disclosed: Rukmani Devi Mittal, Pawan Kumar Mittal HUF, Kailash Chand Mittal HUF, Priyanka Mittal, Lalita Mittal, Rohit Mittal, Ispatika International Limited
Ownership Impact
Pre-Sale Holding (Promoter & PAC Group):
- Total Shares: 2,598,000 equity shares
- Percentage of Total Voting Capital: 20.69%
- Individual Holdings:
- Pawan Kumar Mittal: 392,525 shares (3.12%)
- Kiran Mittal: 106,303 shares (0.85%)
- Rukmani Devi Mittal: 60,283 shares (0.48%)
- Pawan Kumar Mittal HUF: 9,583 shares (0.08%)
- Kailash Chand Mittal HUF: 1,926 shares (0.02%)
- Priyanka Mittal: 8,214 shares (0.07%)
- Lalita Mittal: 9,583 shares (0.08%)
- Rohit Mittal: 9,583 shares (0.08%)
- Ispatika International Limited: 2,000,000 shares (15.93%)
Post-Sale Holding:
The disclosure states the total equity share capital remains unchanged at 12,558,000 equity shares of ₹10 each (₹125,580,000). The collective holding of the promoter and PAC group was reduced by 320,000 shares, resulting in a new total holding of 2,278,000 shares, representing approximately 18.14% of the total voting capital.
Capital Structure
- Total Equity Share Capital: 12,558,000 equity shares of ₹10 each
- Total Paid-up Capital: ₹125,580,000
- The transaction did not change the total share capital or diluted share capital of the company.