Promoter Kishor Amichand Shah reduced his shareholding in Mid East Portfolio Management Ltd by selling 100,000 equity shares via an open market transaction on June 22, 2026. The sale represents 1.99% of the company's total share capital, lowering the promoter's holding from 4.59% to 2.61%. The disclosure was submitted to BSE Ltd. under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Prior to the transaction, Shah held 231,113 shares, which accounted for 4.59% of the voting rights. The disposal of 100,000 shares brings his total holding down to 131,113 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:

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.

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.