Promoter Jyoti Kishor Shah further reduced his shareholding in Mid East Portfolio Management Ltd by selling 45,000 equity shares via an open market transaction on June 18, 2026. This sale represents 0.89% of the company's total paid-up share capital. Following this disposal, Shah's stake in the company decreased to 0.68%, significantly lowering his influence as a promoter group member.

The transaction was disclosed to BSE Ltd under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The document confirms that the seller belongs to the promoter group and Persons Acting in Concert (PAC) of the target company. The equity shares of Mid East Portfolio Management Ltd are listed on the Bombay Stock Exchange.

Prior to this latest sale, Jyoti Kishor Shah held 79,396 shares, accounting for 1.58% of the total voting capital. The disposal of 45,000 shares brought his total holding down to 34,396 shares. There were no changes to the company's total equity share capital or total voting capital as a result of this transaction, which remains at 5,030,000 shares of ₹10 each.

The disclosure details confirm that there were no encumbrances such as pledges or liens on the shares before or after the sale. Additionally, the promoter did not hold any warrants, convertible securities, or other instruments entitling him to receive voting rights in the company. The sale was executed entirely through the open market mechanism.

Shareholding Details

Mid East Portfolio Management Limited reported a net profit of ₹85.90 lakh for the financial year ended March 31, 2026, compared to ₹41.74 lakh in the previous year. The Board of Directors approved the standalone audited financial results at a meeting held on May 30, 2026. The company’s total income for the year rose to ₹158.07 lakh from ₹51.28 lakh in FY25, primarily due to other operating income of ₹125.00 lakh.

For the quarter ended March 31, 2026, the company reported a net loss of ₹50.04 lakh, compared to a profit of ₹19.67 lakh in the corresponding period of the previous year. Total income for the quarter stood at ₹4.56 lakh, a significant decrease from ₹22.84 lakh in the same period last year. The decline was attributed to lower other income, which fell to ₹4.56 lakh from ₹22.84 lakh.

The company’s expenditure for the full year increased to ₹65.61 lakh from ₹9.54 lakh in the previous year, driven by higher employee benefit expenses and other expenses. Profit before tax for the year was ₹92.45 lakh, up from ₹41.74 lakh in FY25. The tax expense for the year was ₹6.56 lakh, compared to nil in the previous year.

Financial Performance

The following table summarizes the key financial metrics for the quarter and year ended March 31, 2026:

Assets and Liabilities

As of March 31, 2026, the company’s total assets stood at ₹499.62 lakh, an increase from ₹364.51 lakh in the previous year. Non-current assets, including loans and property, plant, and equipment, grew to ₹395.25 lakh from ₹171.24 lakh. Current assets decreased to ₹104.38 lakh from ₹193.27 lakh, primarily due to a reduction in cash and cash equivalents.

Equity share capital remained unchanged at ₹503.00 lakh. Other equity improved to a negative balance of ₹54.17 lakh from a negative balance of ₹140.07 lakh in the previous year. Total liabilities increased to ₹50.80 lakh from ₹1.58 lakh, driven by trade payables and provisions.

Auditor’s Report

Motilal & Associates LLP, the statutory auditors, issued an unmodified opinion on the financial results. The report confirmed that the results are presented in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and provide a true and fair view of the company’s financial performance. The audit was conducted in accordance with the Standards on Auditing specified under the Companies Act, 2013.