Mid East Portfolio Management Ltd files SEBI Reg 29(2) disclosure for Jyoti Kishor Shah

What Mid East Portfolio Management Ltd announced

On 18 June 2026, Mid East Portfolio Management Ltd (BSE: 526251) submitted a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing records that Jyoti Kishor Shah has made a substantial acquisition of shares in the company. The submission does not contain the exact number of shares acquired, the percentage of holding, or the transaction price.

Regulation 29(2) – what it entails

Regulation 29(2) mandates that any person who acquires shares exceeding the prescribed threshold (generally 1% of the paid‑up capital) must inform the stock exchange within two business days of the acquisition. The initial notice is a brief disclosure, after which the acquirer must file a detailed statement within a stipulated period, usually 10 days, providing:

• Number of shares acquired
• Percentage of total paid‑up capital
• Price paid per share and total consideration
• Source of funds
• Any agreements or arrangements related to the acquisition The purpose is to ensure market transparency and give investors timely information about changes in shareholding patterns.

Details of the current disclosure

The BSE filing, titled "Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 for Jyoti Kishor Shah", contains only a brief description and does not disclose the quantitative aspects of the transaction. This is typical for the initial notice, which serves to alert the market that a substantial acquisition has occurred. The company is expected to file a subsequent, more detailed statement as required by the regulations.

Key facts at a glance

Why this matters for investors

The filing signals that a new shareholder has crossed a material ownership threshold, which could affect voting dynamics, board composition, or future strategic decisions. While the exact size of the holding is not yet known, the requirement to disclose further details means investors will receive more information shortly. Until the detailed statement is filed, the impact on control or influence remains uncertain.

Conclusion

Mid East Portfolio Management Ltd has complied with SEBI’s immediate disclosure requirement by filing a Reg 29(2) notice for Jyoti Kishor Shah on 18 June 2026. The notice confirms a substantial share purchase but omits quantitative specifics, which are expected in a follow‑up filing as per regulatory timelines. Investors should watch for the detailed disclosure to assess the extent of the new holding and any potential implications for corporate governance.