Mid East Portfolio Management sells 25,000 shares (0.5%) via open market

What Mid East Portfolio Management announced

Mid East Portfolio Management Ltd filed a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on 22 June 2026. The filing records that promoter Jyoti Kishor Shah sold 25,000 equity shares of the company through an open‑market transaction. The sale reduced Shah’s shareholding from 34,396 shares (0.68% of total voting capital) to 9,396 shares (0.19%).

"Sale of 25,000 equity shares (0.50%) of Mid East Portfolio Management Ltd by promoter Jyoti Kishor Shah through open market on 22 June 2026."

The filing was submitted to the Bombay Stock Exchange (BSE) and is reflected under the company’s BSE code 526251.

Details of the open market sale

• Acquirer/Seller: Jyoti Kishor Shah, promoter of Mid East Portfolio Management Ltd (PAN AUBPS8759D).\
• Number of shares sold: 25,000 equity shares.\
• Percentage of total share capital sold: 0.50% (based on a total of 50,30,000 shares).\
• Mode of acquisition/sale: Open market sale.\
• Date of transaction: 22 June 2026.\
• Pre‑sale holding: 34,396 shares (0.68% of total voting capital).\
• Post‑sale holding: 9,396 shares (0.19% of total voting capital).\
• Encumbrances: None reported; no pledged or otherwise encumbered shares.\
• Warrants/convertible securities: None involved in the transaction.\
• Equity share capital: Unchanged at 50,30,000 shares of Rs 10 each, representing a paid‑up capital of Rs 5.03 crore.

The filing does not disclose the sale price, consideration received, or any related party agreements.

Regulatory framework and filing requirements

Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 mandates that any promoter or person acting in concert who acquires or disposes of shares exceeding 0.5% of a listed company's total voting capital must disclose the transaction to the stock exchange within a prescribed time‑frame. The purpose is to ensure transparency for investors and to monitor potential changes in control.

In this case, the promoter’s disposal crossed the 0.5% threshold, triggering the filing. The disclosure includes a Part‑A form detailing the number of shares, percentages before and after the transaction, mode of acquisition, and any encumbrances. Part‑B confirms the identity of the seller, his promoter status, and PAN details. No further approvals are required for a simple open‑market sale, but the filing becomes part of the public record for shareholder scrutiny.

Key facts at a glance

Why this matters for investors

The disclosure primarily informs investors about a change in the promoter’s stake. A reduction from 0.68% to 0.19% indicates a modest decline in the promoter’s voting power, but the overall control dynamics of the company remain largely unchanged because the promoter group still holds a share of the total voting capital (the filing does not disclose any other promoter holdings). Since the transaction was an open‑market sale, it does not affect the company’s capital structure, dividend policy, or operational outlook. There is also no indication of any debt, pledge, or convertible instrument linked to the sold shares, meaning the sale does not create additional financial risk for the company.

Investors should note that the filing does not reveal the price at which the shares were sold, nor does it suggest any strategic intent behind the disposal. The information is provided solely to satisfy regulatory transparency requirements.

Conclusion

Mid East Portfolio Management Ltd complied with SEBI’s Regulation 29(2) by filing a disclosure of the promoter’s open‑market sale of 25,000 shares on 22 June 2026. The sale reduced Jyoti Kishor Shah’s holding to 9,396 shares, representing 0.19% of the company’s total voting capital. No change to the company’s paid‑up capital or share structure resulted from the transaction, and no further regulatory approvals are required. The filing now forms part of the public record for shareholders and market participants.