Mid East Portfolio Management Ltd Management Discussions

Your Directors are pleased to present the Management Discussion and Analysis Report for the year ended 31st March, 2026.

The Management Discussion and Analysis has been prepared in accordance with the applicable provisions of the Companies Act, 2013 and the applicable provisions of the Securities and Exchange Board of India (SEBI) Regulations. Investors are cautioned that this d iscussion contains certain forward-looking statements involving risks and uncertainties, including those risks which are inherent in the Companys growth strategy. The Company undertakes no obligation to publicly update or revise any forward-looking statements consequent to new information, future developments, events or otherwise.

The Management presents herein an overview of the business environment, opportunities and threats, initiatives undertaken by the Company, overall strategy and future outlook. The outlook is based on the Managements assessment of the prevailing business environment and may v ary depending upon future economic, regulatory and other developments.

Forward Looking Statement

The statements made in this Report may contain certain forward-looking statements relating to the Companys objectives, plans and expectations, which are based on certain assumptions and expectations of future events. The actual results may differ materially from those projected or implied in such forward-looking statements due to various factors, including changes in economic conditions, market conditions, government policies, regulatory requirements and other factors beyond the control of the Company.

Segment-wise or Product-wise Performance

The Company operates in a single business segment, namely “Capital Market”. Accordingly, separate segment-wise reporting is not applicable to the Company.

Internal Control Systems

The Company has adequate internal control systems commensurate with the size and nature of its business. These systems are designed to ensure operational efficiency, safeguarding of assets, optimum utilisation of resources and accuracy of financial reporting.

The internal control systems are reviewed periodically by the Management and the Audit Committee. Any weaknesses or deficiencies identified are appropriately addressed and corrective measures are undertaken wherever required.

Industry Structure and Developments

The Indian capital market continued to witness significant activity during the financial year 2025-26. The increasing participation of retail investors, growth in digital platforms, development of the primary and secondary markets and continued interest in equity and capital market products have supported the overall growth of the sector.

The Company believes that the continued development of the Indian capital market, increasing investor participation and evolving financial services ecosystem provide opportunities for sustainable growth in the coming years.

Risk Management

The Companys risk management framework comprises prudent business practices, appropriate internal controls, timely reporting and monitoring mechanisms.

The Company continuously monitors various business, operational, financial, market and regulatory risks and takes appropriate measures to mitigate such risks. The Management and the Board periodically review the major risks associated with the Companys operations.

Opportunities and

Threats Opportunities

Some of the key opportunities available to the Company include:

Growing participation of investors in the Indian capital markets.

Increasing use of digital platforms and technology in financial and capital market activities. Growth in the primary market and SME segment.

Increasing demand for efficient, reliable and timely services.

Scope for expanding the Companys activities and strengthening its presence in the capital market.

Threats

The major challenges and threats faced by the Company include:

Increasing competition in the capital market and financial services sector. Changes in regulatory and compliance requirements.

Volatility in capital markets and economic conditions. Requirement for continuous technological development. Attraction and retention of skilled and qualified human resources. Changes in government policies, taxation and other applicable regulations.

Human Resources

Human resources continue to be an important asset of the Company. The Company endeavours to attract and retain qualified and competent professionals by providing a conducive working environment and opportunities for professional development.

The Management believes in maintaining cordial and healthy relations with its employees and recognises the importance of human resources in achieving the Companys objectives.

The Company aims to provide a positive working environment where employees can effectively utilise their skills and contribute towards the growth of the organisation. Training and development initiatives are undertaken as considered appropriate from time to time.

The Company remains committed to strengthening its human resources in line with its business requirements and future growth plans.

Insurance

The Company has taken appropriate insurance coverage for its assets and operations against insurable risks, as considered necessary, as part of its overall risk management framework.

\Cautionary Statement

Statements made in this Management Discussion and Analysis describing the Companys objectives, expectations, projections and estimates may constitute forward-looking statements within the meaning of applicable securities laws and regulations. Actual results may differ materially from those expressed or implied in such statements due to various factors, including changes in economic conditions, market conditions, government policies, regulatory requirements, taxation, natural calamities and other factors beyond the control of the Company.

The Company does not undertake any obligation to publicly update or revise any forward-looking statements based on subsequent events or developments.

	For and on behalf of the Board of Directors
	Of Mid East Portfolio
	Management Ltd.
Place: Mumbai	Sd/-
Date: 2nd September, 2026	Brijesh Devrajbhai Patel Director
	DIN: 02425903