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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Awaiting price reaction for this filing.
Jyoti Kishor Shah, a member of the promoter group of Mid East Portfolio Management Ltd, sold 72,819 equity shares (1.45% of total share capital) through an open market transaction on March 2, 2026. The sale was disclosed to BSE under Regulation 29(2) of SEBI's Takeover Regulations. Before the sale, the promoter held 362,215 shares (7.20%); after the sale, the holding has come down to 289,396 shares (5.75%). The total paid-up equity capital of the company remains unchanged at 50,30,000 shares of Rs. 10 each (Rs. 5.03 crore).
This is a modest reduction in promoter holding via open market sale, which may be seen as a mild negative signal by retail investors as it indicates the promoter is trimming their stake. However, the size of the sale is small (1.45%) and the promoter continues to hold 5.75%, so the immediate impact on the stock is likely limited.