Adishakti Loha and Ispat Ltd — Insider Trading, 01-01-1970: Insider Trading / SAST

Afloat Enterprises Limited received a disclosure from its promoter, Mr. Pawan Kumar Mittal, regarding the encumbrance of his shares. He has pledged 1,412,525 equity shares, representing 11.25% of the total share capital. These pledged shares constitute 100% of his holding. The shares were pledged in favor of MSB e-trade Securities Limited, a stockbroker, to meet margin requirements for trading. This disclosure highlights a significant portion of promoter shares being used for trading margin, which is relevant for shareholders.