Kishor Shah cuts stake in Mid East Portfolio Management to 0.22%

1 min read     Updated on 27 Jun 2026, 01:36 PM
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AI Summary

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 Day5 Days1 Month6 Months1 Year5 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?

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Jyoti Kishor Shah cuts stake to 0.19% in Mid East Portfolio Management

1 min read     Updated on 22 Jun 2026, 06:20 PM
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AI Summary

Promoter Jyoti Kishor Shah sold 25,000 equity shares, representing 0.50% of the paid-up capital, via an open market transaction on June 22, 2026. Following the sale, his holding in Mid East Portfolio Management Ltd decreased from 0.68% to 0.19%. The transaction was disclosed to BSE Ltd under Regulation 29(2) of the SEBI (SAST) Regulations, 2011.

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Promoter Jyoti Kishor Shah reduced his shareholding in Mid East Portfolio Management Ltd by selling 25,000 equity shares via an open market transaction on June 22, 2026. This sale represents 0.50% of the company's total paid-up share capital. Following this disposal, Shah's stake in the company decreased to 0.19%, 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 34,396 shares, accounting for 0.68% of the total voting capital. The disposal of 25,000 shares brought his total holding down to 9,396 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

Description Number of Shares % of Total Share Capital
Holding Before Sale
Shares carrying voting rights 34,396 0.68%
Shares Sold
Shares sold via open market 25,000 0.50%
Holding After Sale
Shares carrying voting rights 9,396 0.19%

Historical Stock Returns for Mid East Portfolio Management

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%+2.63%+23.37%+102.42%+35.42%+1,033.95%

Does this significant reduction in promoter stake signal a potential exit strategy for Jyoti Kishor Shah?

How might the market interpret this insider sale regarding the company's future valuation prospects?

Is Mid East Portfolio Management Ltd likely to experience increased volatility as promoter influence diminishes?

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1 Year Returns:+35.42%