Promoter PACs Execute Share Sales of Adishakti Loha and Ispat Ltd
Adishakti Loha and Ispat Limited has seen its Persons Acting in Concert (PAC) execute significant open market sales of equity shares, involving members of the Promoter group. The sales, which occurred across multiple dates in June 2026, represent a disposal of shares by Pawan Kumar Mittal and Kiran Mittal.The sales transactions were conducted through the open market for Adishakti Loha and Ispat Ltd securities.
Details of Share Disposals
The aggregate sale involved members of the promoter group, including Pawan Kumar Mittal and Kiran Mittal. The details of the share disposals are as follows:| Shareholder | Transaction Date | Shares Sold (Equity) |
|---|---|---|
| Pawan Kumar Mittal | June 19, 2026 | 20,000 |
| Kiran Mittal | June 19, 2026 | 100,000 |
| Pawan Kumar Mittal | June 22, 2026 | 200,000 |
Holdings Before and After Sale
The transaction details provided indicate the holdings of the Persons Acting in Concert (PACs), who are members of the Promoter group. The sale resulted in a change in the total shares held by these PACs.Before the sale, Pawan Kumar Mittal and Kiran Mittal held shares totaling 25,98,000 shares carrying voting rights. This represented 20.69% of the company's stock at that time.
The shares disposed of totaled 320,000 equity shares across both individuals (Pawan Kumar Mittal sold 220,000 and Kiran Mittal sold 100,000). This disposal represented 2.54% of the diluted voting capital.
Post-sale, the holdings of Pawan Kumar Mittal and Kiran Mittal decreased accordingly. They retain a combined holding equivalent to 172,525 shares carrying voting rights after the open sale transactions were completed.
Company Capital Structure Details
Prior to the sale, Adishakti Loha and Ispat Limited maintained an equity share capital of 12,558,000 Equity Shares of Rs. 10 each, totaling a value of Rs. 125,580,000.Following the transaction, the total diluted share/voting capital remained at 12,558,000 Equity Shares of Rs. 10 each, with a corresponding capital amount of Rs. 125,580,000.
Stock Price Movement
Adishakti Loha and Ispat Ltd. settled on Tuesday at ₹14.49, finishing up 0.42% higher. The shares traded within a noticeable intraday range, moving between a low of ₹13.35 and a high of ₹14.65.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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