Mid East Portfolio Management Ltd promoter sells 100,000 shares, reducing stake to 4.59%

What Mid East Portfolio Management Ltd announced

On 19 June 2026, Mid East Portfolio Management Ltd (BSE: 526251) filed a disclosure 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 through an open‑market sale. The transaction represents 1.99 % of the total issued share capital and reduces the promoter’s voting‑shareholding from 6.58 % to 4.59 %.

"The sale of 100,000 equity shares (1.99 %) by Kishor Amichand Shah has been disclosed as per Regulation 29(2)."

The filing was submitted to the Bombay Stock Exchange (BSE) on 19 June 2026 at 11:29 UTC and copies were also sent to the corporate relationship department of BSE Ltd.

Details of the open‑market sale

• Seller: Kishor Amichand Shah, promoter of Mid East Portfolio Management Ltd.
• Number of shares sold: 100,000 equity shares.
• Percentage of total share capital sold: 1.99 % (rounded to two decimals).
• Mode of sale: Open‑market transaction on the BSE.
• Date of sale: 19 June 2026 (the same day the disclosure was filed).
• Pre‑sale holding: 331,113 shares, representing 6.58 % of the total voting capital.
• Post‑sale holding: 231,113 shares, representing 4.59 % of the total voting capital.
• Encumbrances: None reported before or after the sale.
• Total equity share capital: Unchanged at 5,030,000 shares of Rs 10 each (paid‑up capital Rs 5.03 crore).
• Diluted share capital: Remains 5,030,000 shares; no convertible securities or warrants were involved.

The filing includes a standard Part‑A and Part‑B format required by SEBI, confirming that the promoter belongs to the promoter group, provides his PAN (AAIPS5636E), and signs the document as an authorised signatory.

Regulatory framework – Regulation 29(2) of SEBI SAST

Regulation 29(2) mandates that any person who acquires or disposes of shares in a listed company, and whose holding crosses the 1 % threshold, must disclose the transaction to the stock exchange within two trading days. The purpose is to ensure transparency in substantial share‑holding changes that could affect control or influence over the target company.

Key points of the regulation relevant to this filing:

1. Threshold: The promoter’s sale of 1.99 % exceeds the 1 % trigger, obligating a disclosure.
2. Timing: The disclosure was made on the same day as the transaction, satisfying the two‑day requirement.
3. Content: The filing must detail the number of shares sold, percentage of total and diluted capital, mode of acquisition/sale, and any encumbrances – all of which are provided in the document.
4. Public record: Once filed, the disclosure becomes part of the public record on the BSE website, accessible to investors and regulators.

Key facts at a glance

Why this matters for investors

The disclosure does not alter the company’s capital structure; the total number of issued shares and paid‑up capital remain unchanged. However, the reduction in the promoter’s voting stake may have implications for corporate governance and control dynamics. A promoter’s shareholding below 5 % is often viewed as a lower level of direct influence, although the promoter may still retain board representation or other contractual rights not disclosed in this filing.

For shareholders, the key considerations are:

• Dilution: No dilution occurs because the sale is a secondary transaction.
• Liquidity: An open‑market sale adds to market liquidity but does not affect the company’s cash position.
• Regulatory compliance: The prompt filing demonstrates compliance with SEBI’s disclosure norms, reinforcing transparency.
• Future transactions: The promoter’s reduced stake may affect future acquisition thresholds, but any further disposals above 1 % will again trigger a Reg 29(2) filing.

Conclusion

Mid East Portfolio Management Ltd has formally recorded the sale of 100,000 shares by promoter Kishor Amichand Shah, cutting his voting stake from 6.58 % to 4.59 %. The transaction was executed on 19 June 2026 via the open market and complies with SEBI’s Regulation 29(2) disclosure requirements. No change to the company’s capital structure or encumbrances was reported. The filing is now part of the public record, and any subsequent share‑holding changes by the promoter will be subject to the same regulatory scrutiny.