Promoters sell 320,000 shares via open market

Promoter Stake Sell 1pctOwnership Changes View source PDF Explain this filing

Price

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

Price reactionminutes from the announcement price · days from the prior close

-6.1%Reaction day

₹14.51

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-6.0% vs market

Iron & Steel Products peers, median of 100sector-0.1%-6.0% vs sector

On the reaction day the stock moved 6.0 pts less than Nifty Microcap 250 and 6.0 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-6.1-0.1-6.0-0.1-6.0

Next day

-19.0-0.7-18.3-1.5-17.6

-11.1-1.0-10.1-2.0-9.1

-15.9+0.0-15.9-2.2-13.7

-12.5+0.2-12.7-2.2-10.3

-8.3+1.1-9.4-1.8-6.6

—+0.9—-1.9—

15d

-8.3+0.8-9.0-2.6-5.7

-12.5-0.8-11.7-3.7-8.9

-50.8+5.0-55.8-3.6-47.2

-55.1+5.0-60.2-1.1-54.1

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 100Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.