Mid East Portfolio Management Ltd — Updates, 07-06-2025: Company Update

Mid East Portfolio Management Limited has announced a board meeting on which the authorized share capital was increased from Rs.10 Cr to Rs.25.05 Cr by expanding equity shares from 1 crore to 2.505 crore at Rs.10 each. The company plans to raise up to Rs.48 Cr through a preferential issue of 2 crore convertible equity warrants at Rs.24 per warrant to non-promoter public investors. These warrants can be converted into equity shares within 18 months, with 25% payment upfront and the remainder upon conversion. Shareholders’ approval will be sought via postal ballot for the fund raise. A practicing company secretary was appointed as scrutinizer for remote e-voting. This move aims to strengthen capital for business growth and broadens the shareholder base.