Promoters sell 320,000 shares via open market

Promoter Stake Sell 1pctOwnership Changes View source PDF

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-19.0%1-day move

₹14.51

prior close

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base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————-19.0-11.1-15.9-12.5-8.3—-8.3-12.5——

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AI summary

Promoters Pawan Kumar Mittal and Kiran Mittal disclosed selling 320,000 shares of Adishakti Loha and Ispat (now renamed Afloat Enterprises Ltd) in the open market. The disclosure was filed under Regulation 29(2) of SEBI SAST Regulations, 2011 with BSE on 23 June 2026. The company noted a name change from Adishakti Loha and Ispat to Afloat Enterprises Limited.

Likely market impact

Promoter open-market selling can pressure the stock, as it may signal reduced promoter confidence or routine rebalancing by the promoter group.