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, a member of the promoter group of Mid East Portfolio Management Ltd, sold 100,000 equity shares (1.99% of paid-up capital) through an open market transaction on August 6, 2025. Her holding in the company fell from 830,400 shares (16.51%) to 730,400 shares (14.52%) after the sale. The disclosure was filed under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 2011. The company's total paid-up equity capital remains unchanged at 50.30 lakh shares of Rs. 10 each. The transaction was carried out on the Bombay Stock Exchange, where the company is listed.
This is a notable reduction by a promoter group member, though individual holdings still remain above 14%. Retail investors may view promoter selling as a cautious signal, but the stake remains significant and the sale is within SEBI-prescribed disclosure norms.