Board Meeting9 Jul 2026, 04:41 pm
Mid East Portfolio Management Ltd: Board Approves MoA Object Clause Alteration
AI Summary
Mid East Portfolio Management Ltd announced that its Board of Directors, in a meeting held on July 9, 2026, approved the alteration of the Object Clause of the Memorandum of Association (MoA). The company will seek shareholder approval via postal ballot for these changes. M/s. Ankur Gandhi & Associates have been appointed as Scrutinizers for the e-voting process. The proposed amendments significantly expand the company's business scope into diverse sectors including agriculture, agri-tech, cosmetics, digital marketing, IT services, cold storage, and infrastructure development, alongside its existing portfolio management services.
Key Highlights
- Board approved alteration of Memorandum of Association's Object Clause.
- Shareholder approval to be sought via postal ballot and e-voting.
- Expanded business scope includes agriculture, agri-tech, and cosmetics.
- New objectives cover digital marketing, IT services, and cold storage.
- Infrastructure development and consultancy services are also included.
Price Impact
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