Mid East Portfolio Management Ltd — Updates, 11-06-2025: Company Update

Mid East Portfolio Management Limited has announced a board meeting on 7th June, 2025, approving an increase in authorized share capital from Rs. 10 Cr to Rs. 27.05 Cr, expanding equity shares from 80 lakh to 2.505 crore. The company plans to raise funds through a preferential issue of up to 2 crore convertible equity warrants at Rs. 24 each, targeting non-promoter public investors for an aggregate of Rs. 48 Cr. The warrant holders can convert these into equity shares within 18 months. Shareholder approval will be sought via postal ballot. PAN details of allottees were later removed from disclosures without changes to allottee list or terms.