Mid East Portfolio Management Ltd — Others, 09-06-2025: AGM/EGM

Mid East Portfolio Management Limited has announced a board meeting on the issue of up to 2 crore convertible equity warrants at ₹24 each to identified non-promoter public investors via preferential allotment, aiming to raise ₹48 Cr. The funds will support expansion in portfolio management, merchant banking, capital market investments, technology upgrades, working capital, and general corporate purposes. The authorized share capital will increase from ₹10 Cr to ₹27.05 Cr to accommodate this. The warrants are convertible into equity shares within 18 months, with shares subject to lock-in as per regulations. No change in company control is expected.