Mid East Portfolio Management Ltd — Board Meeting, 07-06-2025: Board Meeting

Mid East Portfolio Management Limited has announced a board meeting on which it approved increasing its authorized share capital from Rs.10 Cr to Rs.25.05 Cr. The company plans to raise up to Rs.48 Cr through a preferential issue of 2 crore convertible warrants to non-promoter public investors at Rs.24 per warrant. These warrants can be converted into equity shares within 18 months, with 25% payment upfront and the balance on conversion. Shareholder approval for this fund raise will be sought via postal ballot. A practicing company secretary has been appointed as scrutinizer for remote e-voting. This move aims to strengthen the company’s capital base and support growth initiatives.