Afloat Enterprises Board Approves MOU, Committee Reconstitution

Afloat Enterprises Limited (formerly Adishakti Loha and Ispat Limited) announced outcomes from its Board Meeting held on October 22, 2026. The board accepted the resignation of three Non-Executive Independent Directors and reconstituted various board committees. Key approvals included the execution of a Memorandum of Understanding (MOU) with Dream Media Network Private Limited to explore a potential acquisition of up to 100% stake, and another MOU with Alvora Jewels Private Limited for the purchase and sale of jewellery. Additionally, the company approved the shifting of its registered office within Delhi.