The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jyoti Kishor Shah
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Jyoti Kishor Shah, part of the Promoter/Promoter Group of Mid East Portfolio Management Ltd, sold 62,000 equity shares (1.23%) through the open market on August 29, 2025. Her holding fell from 486,947 shares (9.68%) to 424,947 shares (8.45%) post-transaction. The sale was disclosed under Regulation 29(2) of SEBI's SAST Regulations, 2011. The company's total equity capital remains unchanged at 50,30,000 shares of Rs. 10 each (paid-up capital of Rs. 5.03 crore). The stock is listed only on BSE. No encumbrance details or pledge activity are involved in this transaction.
This is a promoter trimming stake by over 1% in a single day, which retail investors often view as a mild negative signal. With promoter holding now at 8.45%, further selling could push it closer to the 5% creep acquisition threshold, potentially triggering additional disclosures.