The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kishor Amichand Shah
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Awaiting price reaction for this filing.
Kishor Amichand Shah, part of the promoter/promoter group of Mid East Portfolio Management Ltd, sold 41,500 equity shares (0.83% of total share capital) through open market on April 30, 2025. The disclosure was filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011. Post-sale, his holding reduced from 877,400 shares (17.44%) to 835,900 shares (16.62%). The company's total paid-up equity capital remains 50,30,000 shares of Rs.10 each (Rs. 5.03 crore). No encumbrance (pledge/lien) is involved in this transaction.
A minor promoter sell-off of less than 1% of share capital; the promoter continues to hold a meaningful 16.62% stake. The impact on share price is likely limited, though it may be seen as a mild negative signal indicating profit booking by the promoter.