Resignation of the Directors
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Mid East Portfolio Management Ltd has informed the BSE that two directors stepped down from the board effective 15th July 2025. Mrs. Jyoti Kishor Shah, who served as both Promoter Director and Chief Financial Officer, resigned citing old age and health issues. Separately, Mr. Sharad L. Kulkarni, a Non-Executive Independent Director, also resigned on the same date for the same personal reasons. Both have confirmed there are no other material reasons behind their exits beyond age and health. The company has filed the required details under SEBI's Regulation 30 listing rules along with their resignation letters.
The company loses its CFO and a promoter-aligned director at the same time, which could raise near-term concerns around financial reporting continuity and promoter engagement. However, since the reasons are personal (age and health) and not related to any dispute or governance issue, the impact on shareholder confidence is likely limited. Investors will watch for timely appointment of a new CFO and to ensure the board remains compliant with independent director requirements.