Mid East Portfolio Management Limited has informed the BSE about the resignation of Ms. Rakhi Jayantilal Upadhyay from her position as Independent Director. The resignation became effective from the close of business hours on April 15th, 2026, due to pre-occupations and other professional commitments.

Director Details and Resignation

The company filed the intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ms. Upadhyay, who holds DIN 09645180, submitted her resignation letter confirming that there are no other material reasons beyond what was stated in her resignation letter.

Other Directorships

According to the regulatory disclosure, Ms. Upadhyay holds directorship in RHOMEDRA NPA MANAGEMENT PVT LTD. The company has provided complete details as required under SEBI regulations, including confirmation that no other material reasons exist for the resignation.

Board's Response

The Board of Directors of Mid East Portfolio Management Limited has expressed deep appreciation for Ms. Upadhyay's valuable contribution and support during her tenure as Independent Director. The resignation letter was submitted directly to the company, and all required regulatory disclosures have been completed in accordance with SEBI guidelines.

Regulatory Compliance

The intimation was filed pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also complied with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13th, 2023, providing all necessary details in the prescribed format.

Mid East Portfolio Management Limited has responded to a BSE query regarding significant movement in its share price, providing clarification on the volatility observed in its stock trading.

Exchange Query Response

The company issued its response on April 8, 2026, addressing BSE's email reference No. L/SURV/ONL/PV/SJ/2026-2027/3510 dated April 7, 2026. The exchange had sought clarification on the notable price movement in the company's shares.

Company's Position on Price Movement

Mid East Portfolio Management Limited confirmed that it has maintained full compliance with all exchange provisions and regulations, with no violations of any rules. The company emphasized that its shares are freely tradeable and that it exercises no control over share price movements.

The management attributed the price volatility to natural market forces of supply and demand, which remain beyond the company's direct influence or control. This standard market mechanism explanation is commonly cited when companies face queries about unusual trading activity.

Corporate Governance Commitment

Managing Director Kishor Amichand Shah reaffirmed the company's dedication to several key principles:

• Providing latest and relevant information to stakeholders
• Maintaining compliance with all exchange regulations
• Upholding transparency in operations
• Ensuring good corporate governance practices
• Creating long-term value for investors

The company emphasized that transparency and good corporate governance remain crucial elements in maintaining trust and confidence among shareholders and stakeholders. The management expressed its continued commitment to achieving business objectives while adhering to regulatory requirements.

Market Context

The clarification follows standard exchange procedures when significant price movements occur in listed securities. BSE regularly seeks explanations from companies experiencing unusual trading activity to ensure market transparency and protect investor interests. Such queries are routine regulatory measures designed to maintain market integrity and provide clarity to the investing public.