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 group of Mid East Portfolio Management Ltd, sold 136,004 equity shares (2.70% of paid-up capital) through open market on August 13, 2025. Her holding in the company dropped from 14.52% (730,400 shares) to 11.82% (594,396 shares). The total equity capital remains unchanged at 50,30,000 shares of Rs. 10 each. The sale was disclosed under SEBI SAST Regulation 29(2), which applies to any acquisition or sale of 2% or more by a promoter.
This is a promoter offloading stake, which is generally seen as a mildly negative signal by retail investors, as it may suggest the promoter is reducing exposure. However, the post-sale holding of 11.82% is still meaningful, and the sale size is moderate relative to the company's small market profile.