Mid East Portfolio Management Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/06/2025 ,inter alia, to consider and approve 1. Increase in ....
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Mid East Portfolio Management Ltd has informed BSE that its Board of Directors will meet on 7th June 2025. The key agenda items include: (1) increasing the company's authorized share capital, and (2) considering a proposal to raise funds through one or more instruments such as equity shares, convertible or non-convertible securities, warrants, or debt securities. The fund raise could be executed via preferential issue, private placement, rights issue, or other permitted methods, subject to regulatory and shareholder approvals. The company has not disclosed specific details such as issue size, pricing, or the identity of potential investors.
This is a preliminary notice indicating the company is exploring a capital raise. The actual plan, size, and pricing will only be known after the board meeting on 7th June. Shareholders should wait for further disclosures to understand the dilution, valuation, and use of funds before drawing conclusions about the stock's direction.