Intimation of demise of Mr. Shrikant Nakhe (DIN: 08489339), Independent Director is attached herewith
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Mid East Portfolio Management Ltd has informed the stock exchanges about the sudden demise of Mr. Shrikant Govind Nakhe (DIN: 08489339), an Independent Director on the company's board, on March 1, 2026. Following his death, he will cease to be a member of the company's Stakeholder Relationship Committee. The company has expressed deep condolences and acknowledged the irreparable loss to the board and employees. The disclosure was made under SEBI Listing Regulations, as required for changes in board composition.
The company will need to appoint a new Independent Director to ensure compliance with SEBI's minimum independent director requirements and reconstitute the Stakeholder Relationship Committee. This is a governance event rather than a financial one and is unlikely to have a direct impact on stock price, but it introduces a temporary board vacancy that must be filled promptly.