Mid East Portfolio Management Ltd promoter sells 100,000 shares (1.99%) in open market

What Mid East Portfolio Management Ltd announced

Mid East Portfolio Management Ltd (BSE: 526251) reported that its promoter, Jyoti Kishor Shah, has sold a block of equity shares in the open market. The filing, submitted to the Bombay Stock Exchange on 17 June 2026, states that 100,000 shares – equivalent to 1.99% of the company’s total share capital – were disposed of on the same day. The transaction was carried out under the provisions of Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Details of the open market sale

The disclosure provides a clear before‑and‑after snapshot of the promoter’s shareholding:

• Before the sale: Jyoti Kishor Shah held 179,396 shares, representing 3.57% of the total voting capital of Mid East Portfolio Management Ltd.
• Shares sold: 100,000 equity shares were sold through an open‑market transaction on 17 June 2026. No warrants, convertible securities or other instruments were involved.
• After the sale: The promoter’s holding reduced to 79,396 shares, which now constitutes 1.58% of the total voting capital.

The company’s equity share capital remained unchanged at 50,30,000 shares of Rs 10 each, with a paid‑up capital of Rs 5.03 crore both before and after the sale. There were no encumbrances (pledges, liens, or non‑disposal undertakings) on either the sold shares or the remaining holdings.

Regulatory filing under SEBI Regulation 29(2)

The filing is a statutory disclosure required when a promoter or any acquirer/seller disposes of a material portion of shares in a listed entity. The key elements of the filing include:

• Acquirer/Seller: Jyoti Kishor Shah, identified as a promoter/promoter group of Mid East Portfolio Management Ltd.
• Target Company: Mid East Portfolio Management Ltd, listed on the Bombay Stock Exchange.
• Mode of acquisition/sale: Open market sale.
• Date of transaction: 17/06/2026.
• Regulatory reference: Regulation 29(2) of the SEBI (SAST) Regulations, 2011.

The filing was addressed to the Manager, Corporate Relationship Department of BSE Ltd., with a copy sent to the company’s registered office. The promoter’s contact details (address, mobile number, and email) were also included, as per the prescribed format.

Key facts at a glance

Why this matters for investors

The disclosure signals a reduction in promoter ownership without any accompanying dilution of existing shareholders, as the total number of issued shares and the paid‑up capital remain unchanged. A lower promoter stake can be interpreted in several ways: it may reflect a personal liquidity need, portfolio rebalancing, or a strategic decision to reduce control. However, the filing does not provide any rationale from the promoter, nor does it disclose the sale price or proceeds, which are typical pieces of information that investors might seek.

From a regulatory standpoint, the filing satisfies SEBI’s requirement for transparency when a promoter disposes of a material share block. The open‑market nature of the transaction suggests that the shares were sold at prevailing market prices, and the absence of pledges or liens indicates that the remaining shares are free of encumbrances. For shareholders, the key takeaway is that the capital structure of the company remains intact, and there is no immediate impact on voting dynamics beyond the reduced promoter influence.

Conclusion

On 17 June 2026, promoter Jyoti Kishor Shah sold 100,000 equity shares of Mid East Portfolio Management Ltd, cutting his stake from 3.57% to 1.58% of the voting capital. The transaction was executed through an open‑market sale, did not alter the company’s paid‑up capital, and was duly disclosed to the BSE under SEBI Regulation 29(2). No further approvals or actions are pending under the filing, and the company’s share capital structure remains unchanged.