Adishakti Loha & Ispat Ltd gets SEBI Reg 29(2) disclosure for Kiran & Rukmani Mittal

What Adishakti Loha & Ispat Ltd announced

On 19 June 2026, Adishakti Loha & Ispat Ltd (BSE: 543377) filed a disclosure with the Bombay Stock Exchange under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The notice pertains to share acquisition activity by two individuals – Kiran Mittal and Rukmani Devi Mittal. The filing itself does not provide details on the number of shares acquired, the percentage of the company's equity involved, or the consideration paid.

Regulation 29(2) – What it entails

Regulation 29(2) requires any person or entity that acquires shares which may result in a substantial holding (generally 5% or more of the voting share capital) to disclose the acquisition to the stock exchange within a prescribed time frame. The purpose is to ensure transparency for investors and to allow the target company to assess any potential change in control. The disclosure must include the acquirer's identity, the number of shares acquired, the percentage of total share capital, and the source of funds, among other details.

Parties involved

The filing names Kiran Mittal and Rukmani Devi Mittal as the acquirers. No further corporate affiliation or background information is provided in the notice. Their relationship to each other or to the company is not disclosed, nor is any information about whether they act individually or as a joint entity.

Key facts at a glance

Why this matters for investors

The filing signals that a potentially significant shareholding change is being reported, which may affect the company's shareholding pattern and, consequently, voting dynamics at future shareholder meetings. However, because the notice does not disclose the size of the stake, investors cannot yet assess the materiality of the acquisition. The disclosure also obliges the company to monitor compliance with SEBI’s takeover code, and any subsequent filings may provide more clarity on the extent of the acquisition and any related agreements.

Conclusion

Adishakti Loha & Ispat Ltd has formally notified the BSE of a share acquisition by Kiran Mittal and Rukmani Devi Mittal under SEBI’s Regulation 29(2). While the filing confirms the parties involved, it omits quantitative details such as the number of shares or percentage held. Investors should watch for follow‑up disclosures that may reveal the scale of the acquisition and any implications for corporate control.