Kishor Shah cuts stake in Mid East Portfolio Management to 0.22%
Promoter Kishor Amichand Shah sold 120,113 equity shares, representing 2.39% of the total share capital, in Mid East Portfolio Management Ltd via an open market transaction on June 25, 2026. This sale reduced his holding from 2.61% to 0.22%. The company's paid-up equity share capital remains unchanged at 50,30,000 shares of ₹10 each.

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Promoter Kishor Amichand Shah reduced his shareholding in Mid East Portfolio Management Ltd by selling 120,113 equity shares via an open market transaction on June 25, 2026. The sale represents 2.39% of the company's total share capital, lowering the promoter's holding from 2.61% to 0.22%. The disclosure was submitted to BSE Ltd. under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Prior to this transaction, Shah held 131,113 shares, which accounted for 2.61% of the voting rights. The disposal of 120,113 shares brings his total holding down to 11,000 shares. The company's paid-up equity share capital remains unchanged at 50,30,000 shares of ₹10 each, aggregating to ₹5,03,00,000.
Shareholding Details
The transaction involved only shares carrying voting rights, with no encumbrances, warrants, or convertible securities reported. The following table outlines the changes in the promoter's shareholding pattern:
| Description | Number of Shares | % of Share Capital |
|---|---|---|
| Holding Before Sale | ||
| Shares carrying voting rights | 131,113 | 2.61% |
| Shares Sold | ||
| Shares sold via open market | 120,113 | 2.39% |
| Holding After Sale | ||
| Shares carrying voting rights | 11,000 | 0.22% |
Transaction Particulars
The sale was executed entirely through the open market mechanism. Kishor Amichand Shah, identified as part of the Promoter Group, confirmed that no other persons acting in concert (PAC) were involved in the transaction. The percentages provided in the disclosure have been rounded up to two decimal places.
Historical Stock Returns for Mid East Portfolio Management
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +2.63% | +23.37% | +102.42% | +35.42% | +1,033.95% |
What are the potential implications for Mid East Portfolio Management Ltd's governance and strategic direction following the promoter's significant exit?
Is the promoter's complete exit from the company expected, or will the remaining 0.22% stake be retained?
How might the open market sale of 2.39% of the share capital impact the company's stock liquidity and share price in the short term?































