StockWatch
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Iron & Steel Products
Shareholding24 Jun 2026, 10:45 am

Adishakti Loha promoters sell 3.2 Lakh shares

AI Summary

Pawan Kumar Mittal and Kiran Mittal, identified as Persons Acting in Concert (PACs) and promoters of Adishakti Loha and Ispat Limited, have disclosed the sale of an aggregate of 3,20,000 equity shares. The sales occurred through open market transactions on June 19, 2026, and June 22, 2026. Pawan Kumar Mittal sold 20,000 shares on June 19 and 200,000 shares on June 22. Kiran Mittal sold 100,000 shares on June 19. This transaction represents a 2.54% reduction in their combined shareholding, bringing their total post-sale holding to 18.14%. The company's total equity share capital remains unchanged at 12,558,000 shares.

Key Highlights

  • Promoters Pawan Kumar Mittal and Kiran Mittal sold 3.2 lakh shares.
  • Sales occurred via open market transactions on June 19 and June 22, 2026.
  • Combined promoter shareholding reduced by 2.54% to 18.14%.
  • The disclosure was made under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.