Mid East Portfolio Management Ltd. announced that M/s. Motilal & Associates LLP will not seek re-appointment as its Statutory Auditors upon the completion of their one-year tenure.

The auditors, appointed at the 34th Annual General Meeting, will conclude their term at the upcoming 35th Annual General Meeting.

Their decision stems from other professional commitments.

This development means the company will need to appoint a new statutory auditor, ensuring continued independent financial oversight for shareholders.