Mid East Portfolio Management Ltd has disclosed a significant stake reduction by promoter group member Jyoti Kishor Shah, who sold 72,819 equity shares representing 1.45% of the company's total share capital through open market transactions. The disclosure was made under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, specifically Regulation 29(2), on March 02, 2026.

Transaction Details

The share sale transaction has resulted in a notable change in Shah's shareholding pattern in the company. The transaction was executed through open market sales on March 02, 2026, with proper regulatory disclosures submitted to the Bombay Stock Exchange.

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.

Regulatory Compliance

The transaction complies with SEBI regulations governing substantial acquisitions and takeovers. Jyoti Kishor Shah, identified as a promoter group member and person acting in concert (PAC), has fulfilled all disclosure requirements under the applicable regulations. The seller's PAN details (AUBPS8759D) were included in the regulatory filing, ensuring complete transparency in the transaction.

Shareholding Impact

Following the completion of this transaction, Shah's reduced holding of 5.75% represents a significant decrease from the previous 7.20% stake. The sale involved no encumbrances, voting rights other than equity shares, or convertible securities. All shares sold carried standard voting rights with no special conditions or restrictions attached to the transaction.

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.