Mid East Portfolio Management accepted the resignation of VKM & Associates as its secretarial auditor effective August 31, 2026.

The company disclosed the development in a filing with the Bombay Stock Exchange, citing Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

VKM & Associates tendered their resignation on account of pre-occupation with other professional assignments. The firm confirmed that there were no material reasons or professional disagreements with the management regarding the departure.

The Board of Directors has taken note of the resignation. The company stated it will make necessary filings with the Registrar of Companies and other statutory authorities under the Companies Act, 2013.

Vijay Kumar Mishra, a partner at VKM & Associates, signed the resignation letter dated August 31, 2026. The firm thanked the board and management for cooperation during their tenure.

Shareholders of Mid East Portfolio Management have approved a special resolution to alter the object clause of the company’s Memorandum of Association. The voting was conducted through a postal ballot process that concluded on August 11, 2026.

The resolution required a special majority and was assented to by a significant margin. A total of 1,099,404 votes were polled out of 5,030,000 shares held as on the record date of July 3, 2026. This represents a participation rate of approximately 21.86%.

Voting Breakdown

The voting results were scrutinized by Ankur Gandhi & Associates. The data reveals distinct participation patterns between promoter and public shareholders.

Promoter group shareholders, holding 141,396 shares, voted unanimously in favour of the resolution with 100% participation. Among public non-institutional shareholders, who hold 4,888,604 shares, 958,008 votes were cast. Of these, 957,971 votes supported the resolution while 37 votes opposed it.

What the Numbers Show

The voting data highlights a concentration of active engagement among promoter shareholders versus retail investors. While promoters achieved 100% participation on their entire holding, public non-institutional shareholders participated at a rate of roughly 19.6%. Despite the lower overall participation rate among the public block, the resolution secured near-unanimous support from those who did vote, with less than 0.01% opposition.

Procedural Details

The postal ballot notice was issued on July 9, 2026. The e-voting facility was provided by Central Depository Services (India) Limited (CDSL). The voting period ran from 9:00 am on July 13, 2026, to 5:00 pm on August 11, 2026.

Ankurkumar D. Gandhi, proprietor of Ankur Gandhi & Associates, served as the independent scrutinizer. The scrutinizer’s report confirmed that the resolution was passed with the requisite majority under Section 110 of the Companies Act, 2013, read with Secretarial Standard on General Meetings (SS-2). The results were declared on August 12, 2026.