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Awaiting price reaction for this filing.
The Board of Directors of Mid East Portfolio Management Ltd approved the appointment of Mr. Brijesh Devrajbhai Patel (DIN: 024259036) as an Additional Non-Executive Director on 11th April 2025. Mr. Patel, aged 45, holds a B.Sc. in Chemistry from the University of Gujarat and has over 9 years of experience in BPO, KPO, manufacturing, marketing, and trading. His term is for three years, from 11 April 2025 to 10 April 2028, and the appointment is subject to shareholder approval. The filing confirms he is not debarred or disqualified by SEBI or any other authority, and there is no relation between him and existing directors. The announcement was signed by Managing Director Kishor Amichand Shah.
This is a routine board addition requiring shareholder ratification at the next general meeting. It is unlikely to have a material impact on the stock price, though it may strengthen the board's industry experience going forward.