The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kishor Amichand Shah & Dilip S Shah
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Two promoter group members of Mid East Portfolio Management Ltd sold shares through the open market on May 2, 2025. Kishor Amichand Shah sold 24,000 equity shares (0.48% of paid-up capital), bringing his holding from 16.62% (835,900 shares) to 16.14% (811,900 shares). Dilip Savailal Shah sold his entire 200-share stake (0.004%), exiting his position completely. The company's total paid-up equity capital remained at 50,30,000 shares of Rs. 10 each (Rs. 5.03 crore). The disclosures were filed under SEBI SAST Regulation 29(2) and both sellers are classified as promoter / persons acting in concert.
These are small-scale promoter sales that do not materially alter control of the company. Kishor Shah remains a significant shareholder at 16.14%, so there is no change-of-control concern. However, continuous open-market selling by promoter group members can sometimes signal weakening insider confidence and may be watched for follow-up disclosures.