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 has re-filed its June 7, 2025 board meeting outcome to BSE, removing only the PAN details of the proposed allottees in line with the exchange's advisory dated June 9, 2025. There is no change in the list of allottees, number of warrants, or the issue price — this is purely a procedural compliance revision. The original decisions being reaffirmed include raising the authorised share capital from Rs. 10 crore to Rs. 27.05 crore and issuing up to 2 crore convertible equity warrants at Rs. 24 each to 37 non-promoter public allottees, for an aggregate raise of up to Rs. 48 crore. The board also appointed a scrutinizer for the postal ballot through which shareholder approval for the preferential issue will be sought.
No new economic impact on existing shareholders from this revision — the underlying capital increase and Rs. 48 crore preferential warrant issue remain as previously approved. Existing equity may face dilution if all warrants are converted into shares, pending shareholder and regulatory approvals.