Promoter Pledges 100% of Shareholding in Adishakti Loha and Ispat Ltd
Adishakti Loha and Ispat Limited has confirmed details regarding the pledge of a significant portion of its promoter's equity. The transaction involves Pawan Kumar Mittal and is linked to margin requirements for trading activities.The company, formerly known as Adishakti Loha and Ispat Limited, revealed that promoter Mr. Pawan Kumar Mittal had created a pledge over his shares in the listed entity. This encumbrance pertains to 100% of his total promoter shareholding.
According to the details provided regarding the transaction, the pledged shares amount to 741,2525, which represents 11.25% of the company's total share capital. The pledge was executed on 16/03/2026 in favour of MSB e-trade Securities Limited.
MSB e-trade Securities Limited operates as a stockbroker and trading platform enabling individuals and businesses to invest and trade across various financial markets. The arrangement involves the promoter utilizing the collateral for margin requirements related to trading.
The following table outlines the key specifics of the encumbrance:
| Particulars | Details |
|---|---|
| Name of Listed Company | Adishakti Loha and Ispat Limited |
| Promoter's Shareholding in Company | 11.25% (741,2525 shares) |
| Encumbered Shares (% of promoter holding) | 100% |
| Date of Enumbrance Creation | 16/03/2026 |
| Type of Encumbrance | Pledge |
| Counterparty Entity | MSB e-trade Securities Limited |
| End Use of Funds | Promoter to take margin requirement for trading |
Stock Price Movement
Adishakti Loha and Ispat Ltd settled on Friday at ₹13.33, climbing 6.64% in the closing session. The shares traded within an intraday range, moving from a low of ₹12.99 to a high of ₹13.50.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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