Pursuant of Regulation 44(3) of Listing Regulations, please find enclosed herewith the Voting result with Scrutinizer report of the business transacted in 34th AGM of the company held ....
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Mid East Portfolio Management Ltd held its 34th Annual General Meeting on 30 September 2025 via video conferencing, lasting just 25 minutes. All 10 resolutions were passed with 100% votes in favor, with zero votes against any item. Out of 50,30,000 total shares, only 16,47,815 votes (32.76%) were polled, of which promoters voted their full 8,14,328 shares and public shareholders polled just 19.77% of their holding. Key resolutions included adoption of FY25 financial statements, re-appointment of Managing Director Kishor A. Shah, appointment of new Statutory Auditor (Motilal & Associates LLP) and Secretarial Auditor (VKM & Associates), increase in authorised share capital, issue of up to 60 lakh convertible equity warrants on a preferential basis to non-promoter public allottees, appointment of Ms. Poonam Kishor Shah as Executive Director and CFO, two new Independent Directors, and re-appointment of an existing Independent Director for a second three-year term. Only 1,000 promoter group votes were declared invalid on the CFO appointment resolution.
All 10 resolutions were approved unanimously with no dissent, signalling smooth shareholder approval. However, the preferential issue of 60 lakh convertible warrants to non-promoter entities is a material equity dilution event that existing shareholders should monitor, as conversion of these warrants could expand the share base beyond the current 50.30 lakh shares. Low public participation (under 20% of public holding voted) is a concern often seen in small-cap, promoter-heavy companies.