Please find attached herewith Annual Report for FY 2024-25
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mid East Portfolio Management Ltd has submitted its 34th Annual Report for FY 2024-25 and notice of the AGM to be held on 30th September 2025 via video conferencing. Key items on the AGM agenda include the appointment of M/s. Motilal & Associates LLP as the new statutory auditor in place of M/s. M N C A & Associates, a revised proposal to increase authorised share capital from Rs. 10 crore to Rs. 14 crore (rescinding an earlier approval for Rs. 27.05 crore), and the issue of up to 60 lakh convertible warrants at Rs. 25 each to non-promoter allottees, aggregating to Rs. 15 crore. The company is also seeking shareholder approval for several board changes, including the appointment of Ms. Poonam Kishor Shah as Executive Director and CFO, two new independent directors, and ratification of Rs. 6 lakh in excess remuneration paid to her.
The proposed warrant issue could lead to equity dilution of up to 60 lakh shares for existing shareholders if all warrants are converted. The auditor change and significant board reshuffle (multiple new appointments and resignations) signal a restructuring phase. Shareholders should review the warrant issue terms and the rationale for revising the authorised capital downward from the earlier proposed Rs. 27.05 crore.