Revised Outcome of Board Meeting Held on 07.06.2025 in compliance of advisory of Stock Exchange
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 resubmitted its June 7, 2025 board meeting outcome to BSE, removing PAN details of proposed allottees while confirming no changes to the allottee list, share counts, or issue price. The board had approved raising authorised share capital from Rs.10 crore to Rs.27.05 crore and a preferential issue of up to 2 crore convertible equity warrants at Rs.24 each, aggregating up to Rs.48 crore. The warrants are being allotted to 37 non-promoter public allottees, with Sellwin Traders Limited as the largest at 19.7 lakh warrants (7.87% post-issue holding). Allottees must pay 25% upfront and the balance 75% on exercise within 18 months, after which unexercised warrants will lapse and the upfront amount will be forfeited. Shareholder approval will be sought via postal ballot.
The Rs.48 crore preferential warrant issue will dilute existing shareholders once the warrants are converted into equity shares, but only 25% upfront payment eases near-term cash dilution risk. Existing shareholders should monitor the postal ballot outcome and potential EPS impact if warrants are fully exercised within 18 months.