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 under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on 16 June 2026. The filing records that promoter‑shareholder Jyoti Kishor Shah sold 60,000 equity shares of the company through an open‑market transaction. The sale represents 1.19% of the total share capital and reduces the promoter’s voting‑right holding from 4.76% to 3.57%.

"Pursuant to provisions of Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, please find enclosed herewith the disclosure in connection with sale of 60,000 equity shares (1.19%) of Mideast Portfolio Management Ltd by me through Open Market Sale in the prescribed format." – Jyoti Kishor Shah, filing dated 16 June 2026.

The filing was submitted to the Bombay Stock Exchange (BSE) and copies were also sent to the Corporate Relationship Department of BSE Ltd. No details of the transaction price, broker, or proceeds were disclosed, as the regulation only mandates reporting of share quantity, percentage, and post‑sale holdings.

Details of the share sale

• Acquirer/Seller: Jyoti Kishor Shah, promoter of Mid East Portfolio Management Ltd, PAN AUBPS8759D.
• Mode of sale: Open market sale (i.e., shares were sold on the exchange rather than via a private placement or block deal).
• Date of sale: 16 June 2026.
• Number of shares sold: 60,000 equity shares.
• Percentage of total share capital sold: 1.19%.
• Pre‑sale holding: 239,396 shares (4.76% of voting capital).
• Post‑sale holding: 179,396 shares (3.57% of voting capital).
• Encumbrances: None reported before or after the sale.
• Equity share capital: Remains unchanged at 5,030,000 shares of Rs 10 each, amounting to a paid‑up capital of Rs 5.03 crore.

The filing follows the standard SEBI format, providing a Part‑A table that captures the number of shares before and after the transaction, and a Part‑B confirming the seller’s identity and PAN.

Shareholding impact

The reduction of the promoter’s stake from 4.76% to 3.57% is material in the sense that it crosses the 5% threshold often used by regulators and analysts to flag significant share‑holding changes. While the promoter remains a substantial shareholder, the decline may affect voting dynamics, especially in matters that require a higher quorum of promoter votes. The total number of shares outstanding and the paid‑up capital of the company remain unchanged, indicating that the sale did not involve any new issuance or dilution.

Key facts at a glance

Why this matters for investors

The disclosure satisfies SEBI’s requirement for transparency when a promoter or any person acting in concert disposes of shares exceeding certain thresholds. For shareholders, the filing provides clarity on the promoter’s intent and the extent of his remaining influence. Since the sale was executed on the open market, the transaction price is not part of the public record, and the filing does not indicate any change in the company’s capital structure or strategic direction. Investors should note that the promoter’s reduced stake may affect future corporate decisions that rely on promoter consensus, but the company’s operational and financial profile remains unchanged.

Conclusion

Mid East Portfolio Management Ltd has formally reported the open‑market sale of 60,000 shares by promoter Jyoti Kishor Shah on 16 June 2026, bringing his holding down to 3.57% of voting capital. The filing complies with SEBI’s Regulation 29(2) and does not disclose any price or proceeds from the sale. The company’s share capital and paid‑up capital remain unchanged, and no further regulatory approvals are indicated as pending.