Mid East Portfolio Management Ltd has announced the demise of its Independent Director Mr. Shrikant Govind Nakhe, who passed away on March 1, 2026. The company informed the BSE about this development through a regulatory filing pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Director Details and Impact

Mr. Shrikant Govind Nakhe served as an Independent Director of the company with Director Identification Number (DIN) 08489339. The company described his sudden and unexpected passing as an irreparable loss to the organization. All directors and employees of Mid East Portfolio Management Ltd have conveyed deep sympathy, sorrow, and condolences to his family during this difficult time.

Committee Membership Changes

Following Mr. Nakhe's demise, he has ceased to be a member of the company's Stakeholder Relationship Committee. This change in committee composition takes effect from the date of his passing.

Regulatory Compliance Details

The company provided the mandatory disclosure details as required under SEBI regulations:

The intimation was made in compliance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, which outlines the disclosure requirements for changes in board composition.

Company Information

Mid East Portfolio Management Ltd operates under CIN L74140MH1991PLC062925 and is listed on BSE with scrip code 526251. The company's registered office is located at Vishal Complex, Narsing Lane, S. V. Road, Malad (West), Mumbai. The regulatory filing was signed by Managing Director Kishor Amichand Shah (DIN: 00015575) on March 2, 2026.

Mid East Portfolio Management Limited has reported its unaudited financial results for the quarter ended December 31, 2025, showing a net loss of ₹0.89 lacs compared to a profit of ₹19.22 lacs in the same quarter of the previous year. The results were approved by the Board of Directors in their meeting held on February 14, 2026.

Quarterly Financial Performance

The company's quarterly performance showed a significant decline in profitability. Total income for Q3FY26 dropped substantially to ₹3.82 lacs from ₹21.44 lacs in Q3FY25, representing a sharp year-on-year decrease.

The quarterly loss was primarily attributed to higher tax expenses of ₹0.93 lacs in Q3FY26, while the company had no tax liability in the corresponding quarter of the previous year.

Nine-Month Performance Shows Strong Growth

Despite the quarterly setback, the company's nine-month performance demonstrated remarkable improvement. For the nine months ended December 31, 2025, Mid East Portfolio Management achieved a net profit of ₹135.94 lacs, significantly higher than ₹22.07 lacs in the corresponding period of the previous year.

Earnings Per Share and Capital Structure

The company's earnings per share for Q3FY26 stood at ₹(0.02) compared to ₹0.38 in Q3FY25. However, for the nine-month period, basic and diluted earnings per share improved substantially to ₹2.70 from ₹0.44 in the previous year. The paid-up equity share capital remained unchanged at ₹503.00 lacs with a face value of ₹10 per share.

Operational Details

Mid East Portfolio Management operates primarily in the lending finance business and does not have separate reportable segments as per Ind AS-108 Operating Segment requirements. The financial results have been prepared in accordance with Indian Accounting Standards prescribed under section 133 of the Companies Act, 2013.

Regulatory Compliance

The unaudited financial results were submitted under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results have undergone limited review by Motilal & Associates LLP, the company's auditors, and received approval from the Audit Committee before Board approval.