Mid East Portfolio Management discloses sale of 25,000 shares (0.5%) by promoter Jyoti Shah

What Mid East Portfolio Management announced

Mid East Portfolio Management Ltd (BSE: 526251) filed a disclosure on 22 June 2026 under Regulation 29(2) of the SEBI Substantial Acquisition of Shares & Takeovers (SAST) Regulations. The filing informs the market that promoter‑group member Jyoti Kishor Shah sold 25,000 equity shares of the company through an open‑market transaction. The sale represents 0.50% of the total share capital and reduces Shah’s voting‑right holding from 0.68% to 0.19%.

"The above Seller is a part of the Promoter group and Persons Acting in Concert (PAC) of our company Mid East Portfolio Management Ltd. Kindly take the same on your record." – Managing Director, Mid East Portfolio Management Ltd.

The disclosure was submitted to the Bombay Stock Exchange (BSE) and is now part of the public record.

Details of the share sale

• Seller: Jyoti Kishor Shah, promoter‑group member of Mid East Portfolio Management Ltd.
• Shares sold: 25,000 equity shares, each of Rs 10 face value.
• Percentage of total share capital sold: 0.50%.
• Mode of acquisition/sale: Open‑market sale.
• Date of transaction: 22 June 2026.
• Holding before sale: 34,396 shares (0.68% of voting capital).
• Holding after sale: 9,396 shares (0.19% of voting capital).
• Total equity share capital: 50,30,000 shares of Rs 10 each (paid‑up capital Rs 5.03 crore), unchanged by the transaction.
• Encumbrances: No shares were pledged, liened, or otherwise encumbered before or after the sale.

The filing includes a detailed tabulation of the promoter’s holdings before and after the disposal, confirming that the transaction did not affect the company’s capital structure, only the distribution of existing shares.

Regulatory filing under SEBI SAST

Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 requires any promoter or person acting in concert (PAC) to disclose any acquisition or disposal of shares that crosses prescribed thresholds. The purpose is to ensure transparency for shareholders and regulators when significant ownership changes occur.

Mid East Portfolio Management complied by submitting the required Form A (Part‑A) to the BSE’s Corporate Relationship Department. The filing contains the standard disclosures: name of the target company, identity of the acquirer/seller, percentage of shareholding before and after the transaction, mode of acquisition, and the date of the sale. No further approvals or shareholder meetings are needed for a sale of this size, as it does not trigger a mandatory open‑offer under the SAST rules.

Key facts at a glance

Why this matters for investors

The transaction does not alter the company’s capital base, dividend entitlement, or voting rights structure beyond the reduction of a single promoter’s stake. However, the decline in promoter ownership may be of interest to investors who monitor promoter commitment as a proxy for confidence in the business. Since the promoter group’s aggregate holding remains above the 1% threshold, the company is not subject to a mandatory open‑offer, and no immediate regulatory actions are pending. The open‑market nature of the sale suggests the shares were sold at prevailing market prices, with no premium or discount involved.

For shareholders, the key implication is a modest increase in the free‑float of the stock, potentially improving liquidity. The disclosure also reaffirms the company’s compliance with SEBI’s transparency requirements, which can be viewed positively from a corporate‑governance standpoint.

Conclusion

Mid East Portfolio Management Ltd has formally recorded the sale of 25,000 shares by promoter Jyoti Kishor Shah, reducing his individual holding to 0.19% of the company’s voting capital. The filing satisfies SEBI’s Regulation 29(2) obligations and does not affect the company’s paid‑up capital or overall share count. The transaction is complete, and no further regulatory steps are required unless additional share disposals occur.

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FAQs

Q: What was Jyoti Shah’s shareholding percentage before the sale? A: Before the sale, Jyoti Kishor Shah held 34,396 shares, representing 0.68% of Mid East Portfolio Management’s total voting capital.

Q: How many shares were sold and what percentage of the total share capital does that represent? A: He sold 25,000 equity shares, which equals 0.50% of the company’s total share capital of 50,30,000 shares.

Q: Did the sale affect the company’s paid‑up capital? A: No. The paid‑up capital remains at Rs 5.03 crore, comprising 50,30,000 shares of Rs 10 each, unchanged by the transaction.

Q: What regulatory requirement does this filing satisfy? A: The disclosure fulfills the obligations under SEBI Regulation 29(2) of the Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 2011, which mandates reporting of significant share disposals by promoters or persons acting in concert.

Q: Is there any indication of further share disposals by the promoter group? A: The filing does not disclose any future disposals; it only reports the single open‑market sale of 25,000 shares on 22 June 2026.

Q: How does the sale impact the free‑float of the stock? A: By reducing the promoter’s holding, the free‑float marginally increases, potentially enhancing market liquidity, though the overall effect is modest given the small share count involved.