Mid East Portfolio Management sells 100,000 shares, promoter stake falls to 2.61%

What Mid East Portfolio Management announced

Mid East Portfolio Management Ltd (BSE: 526251) disclosed that its promoter, Kishor Amichand Shah, sold 100,000 equity shares of the company through an open‑market transaction on 22 June 2026. The sale represents 1.99 % of the total share capital and reduces Shah’s direct holding from 231,113 shares (4.59 % of voting capital) to 131,113 shares (2.61 %). The filing was submitted to the Bombay Stock Exchange under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Details of the share sale

• Shares sold: 100,000 equity shares carrying voting rights.
• Percentage of total share capital: 1.99 % (rounded to two decimals).
• Mode of disposal: Open‑market sale on the BSE.
• Date of transaction: 22 June 2026 (the same date the disclosure was signed).
• Pre‑sale holding: 231,113 shares, equivalent to 4.59 % of the company’s voting capital.
• Post‑sale holding: 131,113 shares, equivalent to 2.61 % of the voting capital.
• Encumbrances: No shares were pledged, liened, or otherwise encumbered before or after the sale.
• Paid‑up capital: Remains unchanged at 50,30,000 shares of Rs 10 each, i.e., Rs 5.03 crore.

The disclosure also confirms that there were no warrants, convertible securities, or other instruments that would affect the promoter’s voting rights. The percentages are calculated on both the total and diluted share capital, and both figures are identical because the company has no outstanding convertible securities.

Regulatory filing under SEBI Regulation 29(2)

The filing follows the requirements of Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. This regulation mandates that any promoter or person acting in concert must disclose any acquisition or disposal of shares that results in a change of shareholding of 1 % or more. The filing includes two parts:

• Part‑A: Provides a tabular breakdown of the promoter’s holdings before and after the transaction, the number of shares sold, and the mode of acquisition.
• Part‑B: Re‑affirms the identity of the seller (Kishor Amichand Shah), his PAN (AAIPS5636E), and his status as a promoter.

Both parts are signed by Shah and dated 22 June 2026, and a copy has been sent to the Corporate Relationship Department of BSE Ltd.

Key facts at a glance

Why this matters for investors

The disclosure provides transparency on the promoter’s equity position, which is a key governance metric for listed companies. A reduction of the promoter’s stake from 4.59 % to 2.61 % indicates a modest dilution of control, although the promoter remains part of the promoter group. Because the transaction was executed in the open market, there is no immediate impact on the company’s capital structure or cash balance; the proceeds belong to the promoter personally. The unchanged paid‑up capital and lack of encumbrances suggest that the company’s financial position is unaffected by the sale. Investors can use this information to reassess the promoter’s commitment to the business and to monitor any future share‑holding changes that might affect voting dynamics.

Conclusion

Mid East Portfolio Management Ltd has formally recorded the open‑market sale of 100,000 shares by promoter Kishor Amichand Shah, bringing his holding down to 2.61 % of the company’s voting capital. The filing satisfies SEBI’s disclosure requirements and confirms that the company’s capital structure remains unchanged. No further regulatory approvals are required for this transaction, and the company will continue to operate with the same paid‑up capital and share composition.

"The promoter’s shareholding has decreased to 2.61 % following the open‑market sale of 100,000 shares on 22 June 2026."