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 filed a disclosure with the Bombay Stock Exchange on 22 June 2026 under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing records that promoter Kishor Amichand Shah sold 100,000 equity shares of the company in the open market. The sale represents 1.99 % of the total share capital and reduces the promoter’s overall holding to 2.61 % of the voting equity.

"The above person is part of the Promoter / Promoter group and Persons Acting in Concert (PAC) of our company Mid East Portfolio Management Ltd."

The disclosure was submitted by the company’s director, Poonam Kishor Shah, and signed by the promoter himself, confirming compliance with the statutory reporting obligations.

Details of the open‑market sale

The transaction involved the sale of 100,000 equity shares at a nominal value of Rs 10 per share. Prior to the sale, Kishor Shah held 231,113 shares, equivalent to 4.59 % of the total voting capital. After disposing of the 100,000 shares, his holding fell to 131,113 shares, or 2.61 % of the diluted voting capital.

The company’s total equity share capital remained unchanged at 5,030,000 shares, with a paid‑up capital of Rs 5.03 crore. No shares were pledged, encumbered, or subject to any convertible instruments before or after the sale. The mode of acquisition is explicitly stated as Open market sale, and the date of the transaction is recorded as 22/06/2026.

Regulatory framework – SEBI Regulation 29(2)

Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 mandates that any promoter, promoter group, or person acting in concert (PAC) must disclose any acquisition or disposal of shares that results in a change of shareholding of 1 % or more. The purpose is to ensure transparency for the market and to allow shareholders to assess changes in control or influence.

In this case, the promoter’s disposal of 1.99 % of the total share capital triggers the filing requirement. The disclosure includes a detailed breakdown of pre‑ and post‑sale holdings, the mode of transaction, and confirms that the company’s capital structure remains unchanged. The filing was made to the BSE’s Corporate Relationship Department and copied to the company’s registered office.

Key facts at a glance

Why this matters for investors

The disclosure does not alter the company’s capital structure, dividend policy, or operational outlook. However, it does provide a clear picture of the promoter’s reduced voting power. A decline from 4.59 % to 2.61 % may affect the promoter’s ability to influence board decisions, especially in a company where ownership is otherwise widely dispersed. Investors typically monitor such changes to gauge potential shifts in governance dynamics.

Because the sale was executed through the open market, there is no immediate dilution of existing shareholders’ equity. The transaction also signals compliance with SEBI’s transparency norms, which can be viewed positively from a regulatory‑governance perspective.

Conclusion

Mid East Portfolio Management Ltd has complied with SEBI’s Regulation 29(2) by disclosing the open‑market sale of 100,000 shares by promoter Kishor Amichand Shah on 22 June 2026. The sale reduces the promoter’s stake to 2.61 % while leaving the company’s share capital unchanged. The filing provides investors with a transparent view of the promoter’s current shareholding and satisfies statutory reporting requirements. Further changes in promoter holdings, if any, will be disclosed in subsequent filings as required by law.