Mid East Portfolio Management Ltd promoter sells 60,000 shares (1.19%) in open market

What Mid East Portfolio Management Ltd announced

Mid East Portfolio Management Ltd (BSE: 526251) filed a disclosure on 16 June 2026 under Regulation 29(2) of the SEBI Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 2011. The filing records the open‑market sale of 60,000 equity shares by promoter‑group member Jyoti Kishor Shah. The transaction reduced Shah’s shareholding in the company from 239,396 shares (4.76 % of the total voting capital) to 179,396 shares (3.57 %). The company’s total equity share capital remained unchanged at 5,030,000 shares of Rs 10 each, corresponding to a paid‑up capital of Rs 5.03 crore.

"Please find enclosed herewith Disclosures under Regulation 29(2) … regarding sale of 60,000 equity shares (1.19 %) of Mid East Portfolio Management Limited through Open Market Sale."

The filing was submitted to the Bombay Stock Exchange (BSE) and copies were also addressed to the corporate relationship department of the exchange.

Details of the open market sale

• Seller / Promoter: Jyoti Kishor Shah, a member of the promoter group and a Person Acting in Concert (PAC) of Mid East Portfolio Management Ltd. His PAN is AUBPS8759D.
• Number of shares sold: 60,000 equity shares.
• Percentage of total share capital sold: 1.19 % (calculated on the basis of 5,030,000 total shares).
• Mode of acquisition/sale: Open market sale.
• Date of transaction: 16 June 2026.
• Pre‑sale holding: 239,396 shares (4.76 % of voting capital, 4.76 % of diluted capital).
• Post‑sale holding: 179,396 shares (3.57 % of voting capital, 3.57 % of diluted capital).
• Encumbrances: None. The filing explicitly states “NIL” for shares carrying any pledge, lien, non‑disposal undertaking or other encumbrance both before and after the transaction.
• Other securities: No warrants, convertible securities, or voting rights other than equity shares were involved.

The equity share capital of the company before and after the sale remained at 5,030,000 shares, with no change to the paid‑up capital.

Regulatory framework and filing specifics

Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, requires any promoter or person acting in concert to 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.

Mid East Portfolio Management Ltd complied by submitting the required disclosure to the BSE on 16 June 2026 at 11:45:53 UTC. The filing includes both Part‑A (details of acquisition/disposal) and Part‑B (seller information, PAN, and confirmation of promoter status). No further approvals or shareholder meetings are needed for a simple open‑market sale, as the transaction does not affect the company’s capital structure.

Key facts at a glance

Why this matters for investors

The disclosure does not alter the company’s capital base, dividend policy, or operational outlook. However, it does provide a clear picture of the promoter’s residual stake. A reduction from 4.76 % to 3.57 % means the promoter group’s voting power is slightly weaker, though still above the 1 % threshold that would trigger additional regulatory scrutiny under the SAST regime.

For existing shareholders, the open‑market sale adds a modest amount of liquidity to the stock, potentially smoothing price discovery. Since the shares were sold at market prices, there is no indication of a discount or premium relative to the prevailing market value.

From a compliance perspective, the filing demonstrates that the company and its promoter are adhering to SEBI’s disclosure norms, which helps maintain market confidence. No further corporate actions, such as rights issues or share buy‑backs, are implied by this transaction.

Conclusion

Mid East Portfolio Management Ltd has formally recorded the sale of 60,000 equity shares by promoter‑group member Jyoti Kishor Shah on 16 June 2026. The sale reduces the promoter’s holding to 179,396 shares, representing 3.57 % of the total share capital. The transaction complies with SEBI Regulation 29(2) and does not affect the company’s paid‑up capital or introduce any encumbrances. The filing is now part of the public record, and no additional approvals are pending.

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FAQs

Q: How many shares did the promoter sell and what percentage of the company does that represent? A: The promoter sold 60,000 equity shares, which equals 1.19 % of the total share capital of 5,030,000 shares.

Q: What was the promoter’s shareholding before and after the sale? A: Before the sale, Jyoti Kishor Shah held 239,396 shares (4.76 %). After the sale, his holding is 179,396 shares (3.57 %).

Q: Did the sale affect the company’s paid‑up capital or total number of shares? A: No. The total equity share capital remains at 5,030,000 shares with a paid‑up capital of Rs 5.03 crore.

Q: Under which regulation was this disclosure made and why? A: The disclosure was made under SEBI Regulation 29(2) of the Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 2011, which requires promoters to report any acquisition or disposal of 1 % or more of a company’s shares.

Q: Were any of the sold shares pledged or otherwise encumbered? A: No. The filing records “NIL” for any encumbrances both before and after the transaction.

Q: When was the filing submitted to the exchange? A: The disclosure was filed with the BSE on 16 June 2026 at 11:45:53 UTC.