Board clears MOUs, 3 independent directors resign, office shifted
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.3 pts more than Nifty Microcap 250 and 5.8 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The board of Afloat Enterprises (formerly Adishakti Loha and Ispat) on Oct 22, 2026 noted resignations of 3 independent directors (Ms. Swati Jain, Mr. Kanwar Nitin Singh, Mr. Lovish Kataria) effective Oct 21. It approved an MOU with Dream Media Network for potential 100% acquisition via share swap, and an MOU with Alvora Jewels for jewellery purchase and sale. Registered office shifted from Rohini to Jangpura Extension, Delhi. Board committees were reconstituted.
3 independent directors quit at once. Proposed 100% media firm acquisition via share swap signals major business pivot from iron and steel to digital media.