Adishakti Loha & Ispat Ltd files SEBI Reg 29(2) disclosure for share acquisition by Pawan Kumar Mittal and Kiran Mittal

What Adishakti Loha & Ispat Ltd announced

On 24 June 2026 the board of Adishakti Loha & Ispat Ltd filed a disclosure with the Bombay Stock Exchange (BSE) under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing states that Pawan Kumar Mittal and Kiran Mittal have acquired a substantial shareholding in the company. The announcement does not provide the exact number of shares, the percentage of holding, or the monetary value of the transaction.

Regulation 29(2) disclosure requirements

Regulation 29(2) mandates that any person or entity acquiring shares that cross the threshold of 1% of the total paid‑up capital of a listed company must promptly disclose the acquisition to the stock exchange. The disclosure must include:

• Name(s) of the acquirer(s)
• Number of shares acquired
• Percentage of total share capital represented by the acquisition
• Consideration paid, if any
• Date of acquisition

The purpose of the regulation is to ensure transparency for all market participants and to trigger any mandatory takeover obligations if the shareholding crosses higher thresholds (e.g., 25% or 50%). In this case, the filing confirms that the Mittals have crossed the 1% threshold, but the exact figures remain undisclosed.

Details of the acquirers

The filing identifies two individuals:

• Pawan Kumar Mittal
• Kiran Mittal

No further corporate affiliation, background, or relationship to the company is provided in the document. Their acquisition is treated as a substantial acquisition under SEBI rules, which may lead to additional compliance steps such as filing a formal offer to remaining shareholders if the holding reaches the mandatory offer level.

Key facts at a glance

Why this matters for investors

The filing signals that a new significant shareholder has entered the capital structure of Adishakti Loha & Ispat Ltd. While the exact size of the holding is unknown, the fact that a Regulation 29(2) filing was required indicates that the stake is at least 1% of the company's paid‑up capital. This triggers heightened monitoring by SEBI and may lead to further disclosures if the holding increases. Investors should watch for subsequent filings that may reveal the precise percentage, any related party transactions, or a possible mandatory open offer if the stake crosses the 25% threshold.

Conclusion

Adishakti Loha & Ispat Ltd complied with SEBI’s takeover regulations by filing a Regulation 29(2) disclosure on 24 June 2026, acknowledging that Pawan Kumar Mittal and Kiran Mittal have acquired a substantial shareholding. The filing does not disclose the exact number of shares or the consideration paid. Future disclosures may provide additional details and clarify whether any further takeover obligations will arise.