Mid East Portfolio Management discloses promoter sale of 45,000 shares (0.89%)

What Mid East Portfolio Management announced

Mid East Portfolio Management Ltd (BSE: 526251) filed a disclosure on 18 June 2026 under Regulation 29(2) of the SEBI Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 2011. The filing records the open‑market sale of 45,000 equity shares by a member of the promoter group, Mr Jyoti Kishor Shah. The sale reduces Mr Shah’s shareholding in the company and satisfies the regulatory requirement to inform the market of any disposal by promoters.

"Sale of 45,000 equity shares (0.89%) by promoter Jyoti Kishor Shah."

The filing was submitted to the Bombay Stock Exchange (BSE) and copies were also addressed to the Corporate Relationship Department of BSE.

Details of the share sale

• Acquirer/Seller: Jyoti Kishor Shah, promoter group member of Mid East Portfolio Management Ltd.
• Number of shares sold: 45,000 equity shares.
• Percentage of total share capital sold: 0.89% (both on a basis of total voting capital and diluted voting capital).
• Mode of acquisition/sale: Open‑market sale.
• Date of transaction: 18 June 2026.
• Pre‑sale holding: 79,396 shares, representing 1.58% of the company’s total voting capital.
• Post‑sale holding: 34,396 shares, representing 0.68% of the total voting capital.
• Encumbrances: None reported before or after the sale.
• Other voting rights (warrants, convertible securities, etc.): Nil.
• Equity share capital of the company: Remains unchanged at 50,30,000 shares of Rs 10 each, amounting to a paid‑up capital of Rs 5.03 crore.

The filing includes a detailed Part‑A table that records the numbers before and after the disposal, confirming that the share capital and diluted share capital of the company were not affected by the transaction.

Regulatory framework

Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 mandates that any promoter or person acting in concert (PAC) who disposes of shares in the open market must disclose the transaction to the stock exchange within a prescribed time‑frame. The purpose is to ensure transparency of promoter holdings and to provide the market with timely information about changes in control or influence.

In this case, the promoter group member complied by submitting the required disclosure to BSE on the same day the sale was executed. The filing contains the standard format prescribed by SEBI, including Part‑A (details of acquisition/disposal) and Part‑B (seller’s identity and PAN). The disclosure confirms that the sale does not trigger any mandatory offer or other takeover provisions because the post‑sale holding remains well below the 25% threshold that would invoke such requirements.

Key facts at a glance

Why this matters for investors

The disclosure provides investors with a clear view of the promoter’s current stake in Mid East Portfolio Management Ltd. A reduction from 1.58% to 0.68% indicates a modest divestment that does not materially affect the promoter’s influence over the company. Because the transaction was executed in the open market and did not involve any off‑market agreements, there is no immediate impact on the company’s capital structure or on the rights of existing shareholders.

The filing also confirms that there are no encumbrances, pledges, or other voting rights attached to the shares sold, which reassures investors that the promoter’s remaining shares are free of restrictions. Moreover, the company’s paid‑up capital remains unchanged at Rs 5.03 crore, meaning the sale does not dilute existing shareholders or alter the balance sheet.

From a regulatory perspective, the timely filing satisfies SEBI’s transparency requirements and demonstrates compliance by the promoter group. Investors can therefore rely on the disclosed figures when assessing promoter commitment and ownership trends.

Conclusion

Mid East Portfolio Management Ltd has formally disclosed that promoter group member Jyoti Kishor Shah sold 45,000 equity shares (0.89% of the total share capital) on 18 June 2026, reducing his holding to 34,396 shares (0.68%). The transaction was executed through the open market, involved no encumbrances, and left the company’s paid‑up capital unchanged. The filing under SEBI Regulation 29(2) fulfills the statutory obligation to inform the market of promoter disposals, providing investors with transparent information on the current promoter shareholding.

FAQs

1. Who sold the shares? The shares were sold by Mr Jyoti Kishor Shah, who is identified in the filing as a member of the promoter group of Mid East Portfolio Management Ltd.

2. How many shares were sold and what percentage of the company does that represent? A total of 45,000 equity shares were sold, representing 0.89% of the company’s total voting capital (and the same percentage on a diluted basis).

3. What is the promoter’s remaining shareholding after the sale? After the disposal, Mr Shah holds 34,396 shares, which corresponds to 0.68% of the total voting capital of Mid East Portfolio Management Ltd.

4. Did the sale affect the company’s paid‑up capital? No. The company’s equity share capital remains at 50,30,000 shares of Rs 10 each, amounting to a paid‑up capital of Rs 5.03 crore.

5. Why was this filing required? The disclosure is mandated by SEBI Regulation 29(2) of the Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 2011, which requires promoters or persons acting in concert to report any open‑market sale of shares.

6. When was the transaction executed and the filing made? The open‑market sale took place on 18 June 2026, and the disclosure was filed with BSE on the same date.