Mid East Portfolio Management promoter sells 120,113 shares (2.39%) in open market

What Mid East Portfolio Management 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 27 June 2026. The filing records that promoter Kishor Amichand Shah sold 120,113 equity shares of the company through the open market. The transaction reduces the promoter’s shareholding from 131,113 shares (2.61 % of the total voting capital) to 11,000 shares, equivalent to 0.22 % of the company’s paid‑up capital.

The disclosure was submitted to the Bombay Stock Exchange (BSE) by the company’s director, Poonam Kishor Shah, and also directly by the promoter himself. Both letters confirm the same figures and the mode of sale.

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Details of the share sale

• Shares sold: 120,113 equity shares
• Percentage of total share capital sold: 2.39 %
• Pre‑sale holding: 131,113 shares (2.61 % of total voting capital)
• Post‑sale holding: 11,000 shares (0.22 % of total voting capital)
• Shares encumbered before sale: Nil
• Shares encumbered after sale: Nil
• Warrants/convertible securities: Nil (both before and after the transaction)

The filing’s Part‑A table shows the promoter’s holdings before and after the sale, confirming that the transaction involved only ordinary equity shares and no other instruments. No shares were pledged, lien‑bound, or subject to any non‑disposal undertaking.

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Mode and timing of the transaction

The sale was carried out through the open market, i.e., on the BSE trading platform, on 25 June 2026. The promoter submitted a separate letter to the BSE’s Corporate Relationship Department on the same date, reiterating the details required under Regulation 29(2). The open‑market route means the shares were sold at prevailing market prices, subject to normal market liquidity and price‑discovery mechanisms.

The company’s equity structure remained unchanged in terms of authorized and paid‑up capital:

• Equity share capital before sale: 50,30,000 shares of Rs 10 each (paid‑up Rs 5.03 crore)
• Equity share capital after sale: unchanged at 50,30,000 shares of Rs 10 each (paid‑up Rs 5.03 crore)

Thus, the transaction did not affect the company’s capital base; it merely altered the promoter’s ownership percentage.

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Key facts at a glance

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Why this matters for investors

The filing satisfies SEBI’s requirement that any promoter or person acting in concert (PAC) must disclose acquisitions or disposals that cross the 1 % threshold of a listed company’s share capital. By reporting the sale, the company ensures transparency for existing shareholders and potential investors.

From an ownership‑structure perspective, the promoter’s stake has fallen dramatically—from 2.61 % to 0.22 %. While the promoter group still retains a nominal interest, the reduction may be viewed as a de‑concentration of control. However, the filing does not indicate any change in the company’s strategic direction, capital structure, or governance arrangements.

Because the transaction was executed in the open market, there is no immediate dilution of existing shareholders’ equity; the total number of shares outstanding remains the same. The primary impact is a change in the composition of the shareholding pattern, which could affect voting dynamics in future shareholder meetings.

Investors should note that the disclosure does not provide the sale price or the monetary value received by the promoter. Consequently, the financial implication for the promoter cannot be quantified from the filing alone.

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Conclusion

Mid East Portfolio Management Ltd complied with SEBI’s Regulation 29(2) by disclosing that promoter Kishor Amichand Shah sold 120,113 equity shares on 25 June 2026, reducing his holding to 0.22 % of the company. The open‑market sale left the company’s paid‑up capital unchanged and introduced no new securities. The filing completes the statutory reporting requirement; no further regulatory approvals are pending for this specific transaction.

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"The promoter’s shareholding fell from 2.61 % to 0.22 % after the open‑market sale on 25 June 2026," the filing states.

FAQs

• Q: How many shares did Kishor Amichand Shah sell?

  • A: He sold 120,113 equity shares, which represent 2.39 % of Mid East Portfolio Management Ltd’s total share capital.

• Q: What was the promoter’s holding after the sale?

  • A: After the sale, his holding stood at 11,000 shares, equivalent to 0.22 % of the company’s paid‑up capital.

• Q: Was any part of the shareholding pledged or encumbered?

  • A: The filing indicates that there were no pledged, lien‑bound, or otherwise encumbered shares before or after the transaction.

• Q: Did the company issue any new shares or alter its capital structure?

  • A: No. The total equity share capital remained at 50,30,000 shares of Rs 10 each (paid‑up Rs 5.03 crore) before and after the sale.

• Q: Is the sale price disclosed in the filing?

  • A: The filing does not disclose the price at which the 120,113 shares were sold.

• Q: What regulatory requirement does this filing satisfy?

  • A: It satisfies SEBI’s Regulation 29(2) of the Substantial Acquisition of Shares & Takeovers Regulations, 2011, which mandates disclosure of promoter share disposals exceeding 1 % of a listed company’s share capital.