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

Mid East Portfolio Management Limited has announced a board meeting to approve an increase in authorized share capital from Rs.10 Cr to Rs.25.05 Cr, enabling issuance of 2.50 crore shares of Rs.10 each. The company plans to raise up to Rs.48 Cr through a preferential issue of 2 crore convertible equity warrants to identified non-promoter investors at Rs.24 per warrant. Warrant holders can convert these into shares within 18 months by paying 25% upfront. The board also appointed a practicing company secretary as a scrutinizer for remote e-voting and will seek shareholder approval for the preferential issue via postal ballot.