Afloat Enterprises

Pine View Portfolio Consultants Private Limited sold 310,000 equity shares of Afloat Enterprises in open‑market transactions on 24 June and 3 July 2026, reducing its stake from 10.83% to 8.36% of the company’s 1.26 crore equity shares. The sales comprised 90,000 shares on 24 June and 220,000 shares on 3 July. The non‑promoter institutional investor had already offloaded 320,000 shares between 17 and 22 June, cutting its holding from 13.38% to 10.83%. The latest tranche brings the total shares sold by Pine View since mid‑June to over 630,000, or roughly 5% of the company, adding to the selling pressure that has seen promoter group members also aggressively reduce their stakes.

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Afloat Enterprises promoters Pawan Kumar Mittal and Kiran Mittal sold a combined 320,000 equity shares in open-market transactions on June 19 and 22, 2026, reducing the promoter group's stake from 20.69% to 18.14% of the company's 1.26 crore equity shares. The disposal included 220,000 shares by Pawan Kumar Mittal and 100,000 shares by Kiran Mittal. Afloat Enterprises, formerly Adishakti Loha and Ispat, has a market capitalisation of roughly ₹18 crore and has witnessed a sequence of promoter share sales that have shrunk the group's holding from over 29% in previous weeks, deepening investor concerns about promoter commitment and financial stability.

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Afloat Enterprises promoter group members sold a combined 680,000 equity shares in open-market transactions on June 18, 2026, reducing their collective stake from 26.10% to 20.69% of the company's 1.26 crore equity shares. The sales comprised 540,000 shares by Pawan Kumar Mittal, 40,000 shares by Kiran Mittal, and 100,000 shares by Rukmani Devi Mittal. The company, formerly Adishakti Loha and Ispat, has a market capitalisation of roughly ₹17 crore and reported a 70% drop in annual revenue to ₹179.79 lakhs for the year ended March 2026. The latest disposals continue a pattern of promoter exits that have weighed on the stock in recent weeks.

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Afloat Enterprises promoter group member Rukmani Devi Mittal sold 260,000 shares in open-market transactions on June 15 and 16, 2026, cutting her stake from 3.35% to 1.27% of the company's 1.26 crore equity shares. The sale comprised 10,000 shares on June 15 and 250,000 shares on June 16. The company, formerly Adishakti Loha and Ispat, has a market capitalisation of roughly ₹18 crore and reported a 70% drop in annual revenue to ₹179.79 lakhs for the year ended March 2026. Mittal's latest sales follow a series of stake reductions by fellow promoter Kiran Mittal, who offloaded a total of 570,000 shares (4.53% of equity) between June 10 and 12, deepening the overhang of promoter exits.

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Afloat Enterprises promoter Pawan Kumar Mittal released the pledge on his entire shareholding of 1,412,525 shares, representing 11.25% of the company's equity, on June 12, 2026. The encumbrance was originally created on March 16, 2026, as margin collateral with MSB e-trade Securities Limited. The release leaves the promoter's holding completely unencumbered, removing the immediate risk of invocation that had weighed on the stock. The company, formerly Adishakti Loha and Ispat, has a market capitalisation of roughly ₹17 crore and has been grappling with weak financial performance, including a 70% drop in annual revenue to ₹179.79 lakhs for the year ended March 2026.

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Afloat Enterprises promoter Kiran Mittal sold an additional 340,000 shares in open-market transactions on June 11 and 12, 2026, reducing her stake from 5.07% to 2.37%. The sales comprised 140,000 shares on June 11 and 200,000 shares on June 12. The company, formerly Adishakti Loha and Ispat, has a market capitalisation of roughly ₹17 crore and reported a 70% decline in annual revenue to ₹179.79 lakhs for the year ended March 2026. Mittal's latest sales follow a 230,000-share sale on June 10 and come after another promoter had pledged his entire 11.25% holding for margin requirements, deepening concerns about the promoters' financial position and the company's stability.

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Afloat Enterprises' promoter Kiran Mittal sold 230,000 shares in an open-market transaction on June 10, 2026, cutting her holding to 636,303 shares. The sale reduced her stake from 6.90% to 5.07% of the company's 1.26 crore equity shares. The company, formerly known as Adishakti Loha and Ispat, has a market capitalisation of roughly ₹16 crore and has been reporting weak financial performance, with annual revenue falling 70% to ₹179.79 lakhs in the year ended March 2026. The promoter sale follows a recent disclosure that another promoter had pledged his entire 11.25% stake for margin requirements, deepening concerns about the promoters' financial position and commitment to the business.

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Jan 14 (Reuters) - Afloat Enterprises Ltd ADIH.BO:

• ISSUE OF 8 MILLION CONVERTIBLE WARRANTS AT 12.50 RUPEES EACH

Source text: ID:nBSE6xJMFy

Further company coverage: ADIH.BO

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Jan 2 (Reuters) - Afloat Enterprises Ltd ADIH.BO:

• AFLOAT ENTERPRISES - CONSIDERING ISSUANCE OF CONVERTIBLE WARRANTS ON PREFERENTIAL BASIS

Source text: ID:nBSE7gd2z

Further company coverage: ADIH.BO

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Sept 6 (Reuters) - Adishakti Loha & Ispat Ltd ADIH.BO:

• APPROVED ISSUANCE OF CONVERTIBLE WARRANTS WORTH 172.5 MILLION RUPEES ON PREFERENTIAL BASIS

Source text for Eikon: ID:nBSEbvHBWz

Further company coverage: ADIH.BO

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June 14 (Reuters) - Adishakti Loha & Ispat Ltd ADIH.BO:

• CFO JYOTI RAJPUT RESIGNS

• CEO PRAGATI TANEJA RESIGNS

• NAMES ANSHU AGGARWAL AS CHIEF FINANCIAL OFFICER

• NAMES ANSHU AGGARWAL AS CHIEF EXECUTIVE OFFICER

Further company coverage: ADIH.BO

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June 13 (Reuters) - Adishakti Loha & Ispat Ltd ADIH.BO:

• ADISHAKTI LOHA & ISPAT LTD - JYOTI RAJPUT, CHIEF FINANCIAL OFFICER RESIGNS

Source text for Eikon: ID:nBSE4TlBYM

Further company coverage: ADIH.BO

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