Adishakti Loha & Ispat Ltd files revised Reg 29(2) disclosure for Kiran and Rukmani Mittal

What Adishakti Loha & Ispat Ltd announced

On 22 June 2026, Adishakti Loha & Ispat Ltd (BSE: 543377) informed the Bombay Stock Exchange that it had received a revised disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The revision pertains to the acquisition of shares by two individuals – Kiran Mittal and Rukmani Mittal. The filing does not contain any quantitative information about the size of the stake, the price paid, or the date of completion.

Revised Reg 29(2) filing details

Regulation 29(2) mandates that any person acquiring a substantial shareholding (generally 5% or more) in a listed entity must disclose the acquisition to the exchange within a prescribed time‑frame. The purpose of a revised filing is to update the exchange and the market on any changes to the original disclosure, such as additional shares acquired, changes in the acquirer's intent, or corrections to earlier information. In this case, the revised filing simply restates that the parties involved are Kiran Mittal and Rukmani Mittal, without elaborating on the revised terms.

Key facts at a glance

Why this matters for investors

Regulation 29(2) disclosures are a regulatory tool that enhances transparency around changes in shareholding patterns of listed companies. When a substantial acquisition is announced, existing shareholders can assess potential shifts in control, voting power, and strategic direction. However, because the revised filing does not disclose the size of the stake or the consideration paid, investors currently lack concrete data to gauge the material impact of the Mittals' acquisition. They will need to await a subsequent filing or a formal announcement that provides the missing quantitative details.

Conclusion

Adishakti Loha & Ispat Ltd has formally recorded a revised Reg 29(2) disclosure concerning share acquisition by Kiran and Rukmani Mittal. While the filing confirms the parties involved, it does not reveal the extent of the shareholding or the transaction value. Investors should monitor future disclosures for additional information that could clarify the significance of this acquisition.