Adishakti Loha and Ispat Ltd (543377)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Adishakti Loha's revenue was ₹0.8 Cr (-86.9% year on year, -20.0% on the previous half-year), and net profit ₹0.2 Cr (-71.2% year on year); the operating margin was 7.5%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹0.8 | -86.9% | -20.0% |
| Operating profit | ₹0.1 | -89.5% | from loss |
| Net profit | ₹0.2 | -71.2% | from loss |
| EPS (₹) | 0.14 | -89.1% | from loss |
| Operating margin | 7.5% | — | — |
📢 Recent Corporate Announcements
Afloat Enterprises Limited (formerly Adishakti Loha and Ispat Limited) announced significant leadership changes effective October 14, 2026. Ms. Anshu Aggarwal stepped down simultaneously from both the Chief Executive Officer (CEO) and Chief Financial Officer (CFO) positions citing personal reasons. Mr. Ashish Kumar, an audit and finance professional with approximately 7 years of experience, has been appointed as the new CEO. Additionally, Non-Executive Director Mr. Pawan Kumar Mittal resigned, and Ms. Seema Kushwaha was appointed as Company Secretary and Compliance Officer.
- Resignation of Ms. Anshu Aggarwal from dual positions of CEO and CFO effective October 14, 2026
- Appointment of Mr. Ashish Kumar (approx. 7 years experience) as new CEO effective October 14, 2026
- Resignation of Non-Executive Director Mr. Pawan Kumar Mittal effective October 14, 2026
- Appointment of Ms. Seema Kushwaha (qualified in 2024) as Company Secretary and Compliance Officer effective October 14, 2026
Afloat Enterprises Limited (formerly Adishakti Loha and Ispat Limited) announced significant leadership changes effective October 14, 2026. Ms. Anshu Aggarwal stepped down simultaneously from both the Chief Executive Officer (CEO) and Chief Financial Officer (CFO) positions citing personal reasons. Mr. Ashish Kumar, an audit and finance professional with approximately 7 years of experience, has been appointed as the new CEO. Additionally, Non-Executive Director Mr. Pawan Kumar Mittal resigned, and Ms. Seema Kushwaha was appointed as Company Secretary and Compliance Officer.
- Resignation of Ms. Anshu Aggarwal from dual positions of CEO and CFO effective October 14, 2026
- Appointment of Mr. Ashish Kumar (approx. 7 years experience) as new CEO effective October 14, 2026
- Resignation of Non-Executive Director Mr. Pawan Kumar Mittal effective October 14, 2026
- Appointment of Ms. Seema Kushwaha (qualified in 2024) as Company Secretary and Compliance Officer effective October 14, 2026
Afloat Enterprises Limited (formerly Adishakti Loha and Ispat Limited) announced significant leadership changes effective October 14, 2026. Ms. Anshu Aggarwal stepped down simultaneously from both the Chief Executive Officer (CEO) and Chief Financial Officer (CFO) positions citing personal reasons. Mr. Ashish Kumar, an audit and finance professional with approximately 7 years of experience, has been appointed as the new CEO. Additionally, Non-Executive Director Mr. Pawan Kumar Mittal resigned, and Ms. Seema Kushwaha was appointed as Company Secretary and Compliance Officer.
- Resignation of Ms. Anshu Aggarwal from dual positions of CEO and CFO effective October 14, 2026
- Appointment of Mr. Ashish Kumar (approx. 7 years experience) as new CEO effective October 14, 2026
- Resignation of Non-Executive Director Mr. Pawan Kumar Mittal effective October 14, 2026
- Appointment of Ms. Seema Kushwaha (qualified in 2024) as Company Secretary and Compliance Officer effective October 14, 2026
Afloat Enterprises Limited (formerly Adishakti Loha and Ispat Limited) announced significant leadership changes effective October 14, 2026. Ms. Anshu Aggarwal stepped down simultaneously from both the Chief Executive Officer (CEO) and Chief Financial Officer (CFO) positions citing personal reasons. Mr. Ashish Kumar, an audit and finance professional with approximately 7 years of experience, has been appointed as the new CEO. Additionally, Non-Executive Director Mr. Pawan Kumar Mittal resigned, and Ms. Seema Kushwaha was appointed as Company Secretary and Compliance Officer.
- Resignation of Ms. Anshu Aggarwal from dual positions of CEO and CFO effective October 14, 2026
- Appointment of Mr. Ashish Kumar (approx. 7 years experience) as new CEO effective October 14, 2026
- Resignation of Non-Executive Director Mr. Pawan Kumar Mittal effective October 14, 2026
- Appointment of Ms. Seema Kushwaha (qualified in 2024) as Company Secretary and Compliance Officer effective October 14, 2026
Afloat Enterprises Limited (formerly Adishakti Loha and Ispat Limited) announced significant leadership changes effective October 14, 2026. Ms. Anshu Aggarwal stepped down simultaneously from both the Chief Executive Officer (CEO) and Chief Financial Officer (CFO) positions citing personal reasons. Mr. Ashish Kumar, an audit and finance professional with approximately 7 years of experience, has been appointed as the new CEO. Additionally, Non-Executive Director Mr. Pawan Kumar Mittal resigned, and Ms. Seema Kushwaha was appointed as Company Secretary and Compliance Officer.
- Resignation of Ms. Anshu Aggarwal from dual positions of CEO and CFO effective October 14, 2026
- Appointment of Mr. Ashish Kumar (approx. 7 years experience) as new CEO effective October 14, 2026
- Resignation of Non-Executive Director Mr. Pawan Kumar Mittal effective October 14, 2026
- Appointment of Ms. Seema Kushwaha (qualified in 2024) as Company Secretary and Compliance Officer effective October 14, 2026
Afloat Enterprises Limited (formerly Adishakti Loha and Ispat Limited) announced significant leadership changes effective October 14, 2026. Ms. Anshu Aggarwal stepped down simultaneously from both the Chief Executive Officer (CEO) and Chief Financial Officer (CFO) positions citing personal reasons. Mr. Ashish Kumar, an audit and finance professional with approximately 7 years of experience, has been appointed as the new CEO. Additionally, Non-Executive Director Mr. Pawan Kumar Mittal resigned, and Ms. Seema Kushwaha was appointed as Company Secretary and Compliance Officer.
- Resignation of Ms. Anshu Aggarwal from dual positions of CEO and CFO effective October 14, 2026
- Appointment of Mr. Ashish Kumar (approx. 7 years experience) as new CEO effective October 14, 2026
- Resignation of Non-Executive Director Mr. Pawan Kumar Mittal effective October 14, 2026
- Appointment of Ms. Seema Kushwaha (qualified in 2024) as Company Secretary and Compliance Officer effective October 14, 2026
Promoters Mr. Pawan Kumar Mittal and Mrs. Rukmani Devi Mittal have disclosed the sale of 220,000 equity shares in the open market. This transaction occurs against a backdrop of declining promoter confidence, with holdings already having dropped from 37.73% in March 2026 to 16.63% in June 2026. Given the company's micro-cap status of Rs 6 Cr, a sale of this magnitude (approximately 4.5% of total equity) is significant. The company, formerly known as Adishakti Loha and Ispat Ltd, recently rebranded to Afloat Enterprises Limited.
- Sale of 220,000 equity shares by promoter group members Pawan Kumar Mittal and Rukmani Devi Mittal
- Disposal executed through open-market transactions as per SEBI SAST Regulation 29(2)
- Promoter holding stood at 16.63% as of June 2026, down from 37.73% in March 2026
- Company market capitalization is extremely small at approximately Rs 6 Cr
- TTM revenue remains low at Rs 8 Cr with a net profit of Rs 0 Cr
Pineview Portfolio Consultants Private Limited has disclosed the sale of 5,40,000 shares of Afloat Enterprises Limited (formerly Adishakti Loha and Ispat Ltd) via open market transactions. This is a significant volume for a micro-cap company with a total market capitalization of only Rs 6 crore. The sale follows a sharp decline in promoter holding, which dropped from 37.73% in March 2026 to 16.63% in June 2026, indicating a period of high equity churn.
- Sale of 5,40,000 equity shares by Pineview Portfolio Consultants Private Limited.
- Transaction conducted through open-market sales as per SEBI (SAST) Regulations.
- Promoter holding has recently decreased significantly from 37.73% to 16.63% as of June 2026.
- Company market capitalization remains extremely low at approximately Rs 6 crore.
Pine View Portfolio Consultants Pvt Ltd, a non-promoter entity, has sold 5,40,000 shares of Adishakti Loha and Ispat Ltd, representing 4.29% of the company's total equity. The sale was conducted in the open market across two days, July 27 and July 28, 2026. This transaction has reduced the entity's total holding from 8.36% to 4.07%. Given the company's micro-cap status with a market capitalization of only Rs 6 Cr, this represents a significant liquidation of a large non-promoter block.
- Sale of 5,40,000 equity shares representing 4.29% of the total share capital
- Holding reduced from 10,50,000 shares (8.36%) to 5,10,000 shares (4.07%)
- Transaction executed in two tranches: 3,50,000 shares on 27.07.2026 and 1,90,000 shares on 28.07.2026
- Total equity capital of the company remains at 1,25,58,000 shares of Rs 10 each
Pine View Portfolio Consultants Pvt Ltd, a non-promoter entity, has sold 5,40,000 shares of Adishakti Loha and Ispat Ltd, representing 4.29% of the company's total equity. The sale was executed in the open market across two tranches on July 27 and July 28, 2026. This transaction has reduced the entity's total holding from 8.36% to 4.07%. For a micro-cap company with a market capitalization of only Rs 6 Cr and low promoter holding (16.6%), such a significant exit by a large shareholder can impact stock liquidity and price stability.
- Total of 5,40,000 shares sold, representing 4.29% of the total voting capital
- Sale executed in two parts: 3,50,000 shares on 27-07-2026 and 1,90,000 shares on 28-07-2026
- Entity's holding reduced from 10,50,000 shares (8.36%) to 5,10,000 shares (4.07%)
- Transaction conducted via open market sale
- Company total equity remains at 1,25,58,000 shares of Rs 10 each
Pine View Portfolio Consultants Pvt Ltd, a non-promoter entity, has sold 5,40,000 shares of Adishakti Loha and Ispat Ltd, representing 4.29% of the company's total equity. The sale was conducted in the open market on July 27 and July 28, 2026. Following this transaction, the entity's holding has decreased from 8.36% to 4.07%. This is a significant volume for a micro-cap company with a market capitalization of only ₹6 crore.
- Sale of 5,40,000 equity shares representing 4.29% of the total share capital
- Transaction executed in the open market across two days: July 27 (3,50,000 shares) and July 28 (1,90,000 shares)
- Seller's holding reduced from 10,50,000 shares (8.36%) to 5,10,000 shares (4.07%)
- Total equity share capital of the company remains at 1,25,58,000 shares
Pine View Portfolio Consultants Pvt Ltd, a non-promoter entity, has sold 5,40,000 equity shares of Adishakti Loha and Ispat Ltd, representing 4.29% of the company's total equity. The sale was conducted in the open market across two sessions on July 27 and July 28, 2026. This transaction has reduced the entity's total holding from 8.36% to 4.07%. For a micro-cap company with a market capitalization of only Rs 6 Cr, this represents a significant liquidation of shares by a major non-promoter holder.
- Sold 5,40,000 equity shares, equivalent to 4.29% of the total share capital
- Pre-transaction holding stood at 10,50,000 shares or 8.36%
- Post-transaction holding reduced to 5,10,000 shares or 4.07%
- Sale executed in two tranches: 3,50,000 shares on 27.07.2026 and 1,90,000 shares on 28.07.2026
- Total diluted share capital of the target company remains at 1,25,58,000 shares
Pine View Portfolio Consultants Pvt Ltd, a non-promoter entity, sold 5,40,000 shares (4.29% stake) of Adishakti Loha and Ispat Ltd in the open market on July 27 and 28, 2026. This transaction reduced their total holding from 8.36% to 4.07%. The company is a micro-cap with a market capitalization of only Rs 6 Cr and a low promoter holding of 16.6%. Investors should note the significant reduction in stake by a large non-promoter shareholder in a low-liquidity stock.
- Sold 5,40,000 shares representing 4.29% of the total equity capital
- Holding reduced from 10,50,000 shares (8.36%) to 5,10,000 shares (4.07%)
- Transactions occurred in two tranches: 3,50,000 shares on 27.07.2026 and 1,90,000 shares on 28.07.2026
- Total equity capital of the company stands at 1,25,58,000 shares of Rs 10 each
Adishakti Loha and Ispat Ltd has submitted a revised disclosure under SEBI SAST Regulations regarding the release of encumbrance (unpledging) on 1,412,525 equity shares. This revision follows a query from the BSE on July 7, 2026, which identified discrepancies in the company's original filing from June 13, 2026. The updated filing corrects errors related to post-event holding calculations and provides missing details on the type and reason for the encumbrance release. While the unpledging itself is a positive sign of reduced promoter leverage, this specific filing is a procedural correction to ensure regulatory compliance.
- Release of encumbrance (unpledging) involving 1,412,525 equity shares.
- BSE identified discrepancies in the original June 13, 2026, filing via email on July 7, 2026.
- Discrepancies included non-tallying post-event holdings and missing reasons for the release.
- Revised disclosure submitted on July 13, 2026, to rectify all reporting errors.
- The filing ensures all promoter shareholding and pledge data is accurately reflected as per SEBI norms.
Pawan Kumar Mittal, a promoter of Adishakti Loha and Ispat Ltd, has submitted a revised disclosure regarding the release of encumbrance on 1,412,525 equity shares. This filing corrects a previous disclosure from June 13, 2026, following a query from the BSE on July 7, 2026, regarding discrepancies in reporting. The revision clarifies the reason for the release and ensures the post-event holding figures are accurate. While the unpledging of shares is a positive sign of reduced promoter leverage, this specific announcement is primarily administrative in nature.
- Release of encumbrance (unpledging) on 1,412,525 equity shares by promoter Pawan Kumar Mittal
- Revised filing submitted on July 13, 2026, to address BSE queries dated July 7, 2026
- Original disclosure for this event was filed on June 13, 2026
- Corrections made to post-event holding calculations and the specific type of encumbrance
- The filing ensures all promoter holdings are correctly listed as of the reporting date
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