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 50,000 equity shares (0.99% of paid-up capital) in the open market on March 5, 2026. Her holding dropped from 2,89,396 shares (5.75%) to 2,39,396 shares (4.76%), crossing below the 5% disclosure threshold under SEBI's SAST Regulations. The total equity capital of the company remains unchanged at 50,30,000 shares of Rs.10 each. The transaction was disclosed under Regulation 29(2) of the SEBI Takeover Code.
This is a minor stake sale by a single promoter group member, reducing her personal holding to below 5%. While the open-market sale may add slight supply-side pressure on the stock, the impact on overall promoter control is limited. Retail investors should monitor whether further promoter group sales follow, as a pattern of selling could weaken promoter confidence in the company.