Mideast Portfolio Management Ltd has disclosed another stake reduction by promoter group member Jyoti Kishor Shah, who sold 50,000 equity shares representing 0.99% of the company's total share capital through open market transactions on March 05, 2026. The disclosure was made under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, specifically Regulation 29(2).

Latest Transaction Details

The recent share sale represents Shah's continued reduction in shareholding following previous transactions. The latest disposal further decreased his stake in the portfolio management company through open market sales.

Regulatory Compliance Framework

Shah submitted the mandatory disclosure to the Bombay Stock Exchange and the company, fulfilling regulatory requirements for substantial shareholding changes. The formal communication included complete transaction details and was signed by Shah in his capacity as promoter group member.

Company Capital Structure

Mideast Portfolio Management Ltd maintains a stable capital structure with no changes resulting from this promoter group transaction. The company's equity base remains unchanged following the open market sale.

Disclosure Requirements

The transaction complies with SEBI regulations governing substantial acquisitions and takeovers. Shah, identified as a promoter group member and person acting in concert (PAC), fulfilled all disclosure requirements under Regulation 29(2). The disclosure included comprehensive details about voting rights, encumbrances, and convertible securities, with all categories showing nil values except for the equity shares sold. The formal submission ensures complete transparency in the transaction, with no encumbrances, special voting rights, or convertible securities involved in the sale.

Mid East Portfolio Management Ltd has announced the demise of its Independent Director Mr. Shrikant Govind Nakhe, who passed away on March 1, 2026. The company informed the BSE about this development through a regulatory filing pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Director Details and Impact

Mr. Shrikant Govind Nakhe served as an Independent Director of the company with Director Identification Number (DIN) 08489339. The company described his sudden and unexpected passing as an irreparable loss to the organization. All directors and employees of Mid East Portfolio Management Ltd have conveyed deep sympathy, sorrow, and condolences to his family during this difficult time.

Committee Membership Changes

Following Mr. Nakhe's demise, he has ceased to be a member of the company's Stakeholder Relationship Committee. This change in committee composition takes effect from the date of his passing.

Regulatory Compliance Details

The company provided the mandatory disclosure details as required under SEBI regulations:

The intimation was made in compliance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, which outlines the disclosure requirements for changes in board composition.

Company Information

Mid East Portfolio Management Ltd operates under CIN L74140MH1991PLC062925 and is listed on BSE with scrip code 526251. The company's registered office is located at Vishal Complex, Narsing Lane, S. V. Road, Malad (West), Mumbai. The regulatory filing was signed by Managing Director Kishor Amichand Shah (DIN: 00015575) on March 2, 2026.