Disclosure Overview

Afloat Enterprises Limited (formerly Adishakti Loha and Ispat Limited) has submitted a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, regarding the sale of shares by one of its shareholders.

Transaction Details

  • Seller: Pine View Portfolio Consultants Private Limited
  • Total Shares Sold: 540,000 shares
  • Transaction Dates:
  • 350,000 shares sold on 27-July-2026
  • 190,000 shares sold on 28-July-2026
  • Mode of Sale: Open Market
  • Seller Classification: Not part of Promoter/Promoter group

Shareholding Changes

Before Transaction (27-July-2026):

  • Pine View held 1,050,000 shares
  • This represented 8.36% of total voting capital

After Transaction (28-July-2026):

  • Pine View holds 510,000 shares
  • This represents 4.07% of total voting capital
  • Reduction of 540,000 shares (4.29% of voting capital)

Capital Structure Impact

  • Total Paid-up Share Capital: Remains unchanged at ₹12,55,80,000
  • Total Number of Shares: Remains unchanged at 12,558,000 equity shares of ₹10 each
  • Total Diluted Voting Capital: Remains unchanged at 12,558,000 shares

Additional Information

  • No shares were pledged or under encumbrance by Pine View before or after the transaction
  • No warrants, convertible securities, or other instruments entitling to voting rights were involved
  • The target company's shares are listed on BSE Limited only