Mid East Portfolio Management Ltd Alters Memorandum of Association, Expanding Business Scope Across Agriculture, Technology, and Finance

Mid East Portfolio Management Ltd Alters Memorandum of Association, Expanding Business Scope Across Agriculture, Technology, and Finance​

Mid East Portfolio Management Ltd has undertaken a significant alteration to its Memorandum of Association, encompassing an extensive range of new business objects. The changes were approved during a Board meeting held on July 9, 2026, and also included the approval of a Postal Ballot notice for shareholders and the appointment of a Scrutinizer.

The company has expanded its scope across multiple sectors, including agri-ventures, technology services, financial advisory, infrastructure development, and media operations.

Key Amendments to Business Objects​

The amended objects detail nearly two dozen new areas of operation for the company. The newly introduced clauses allow Mid East Portfolio Management Ltd to engage in high-growth fields such as sustainable agriculture, digital transformation, and specialized service provision.

Major additions include:

• Agri-Business: New objectives authorize the company to carry on business related to agriculture, agri-ventures, farming, hydroponics, organic farming, precision agriculture, contract farming, and agro-tech solutions. The company can engage in processing, manufacturing, grading, warehousing, storage, export, import, and trading of agricultural commodities, seeds, fertilizers, and allied products.
• Technology and Digital Services: The Memorandum now covers digital marketing, branding, advertising, media services, e-commerce solutions, IT-enabled services, software development, data analytics, artificial intelligence (AI), and machine learning. Furthermore, the company is authorized to design and deal in software products, AI solutions, blockchain, and fintech solutions.
• Financial Services: The expanded objectives include portfolio management services (PMS), investment advisory, wealth management, financial consultancy, and asset management, alongside investment into shares, bonds, mutual funds, derivatives, and structured financial instruments.
• Manufacturing and Services: New objectives allow the company to manufacture and trade in cosmetics, beauty products, personal care items, herbal and ayurvedic products, as well as providing specialized services like skincare and wellness. The company can also manufacture, process, and deal in pharmaceuticals and Active Pharmaceutical Ingredients (API).
• Infrastructure and Media: The company is authorized to undertake infrastructure projects, including roads, industrial parks, water management systems, and renewable energy. It will also operate news agencies, media houses, digital content platforms, and broadcasting services.

Operational Mandates​

In addition to the alterations in the MoA, the Board meeting concluded by approving a Postal Ballot notice to be circulated among shareholders. The company also appointed M/s Ankur Gandhi & Associates, Practicing Company Secretaries, to serve as Scrutinizer for the e-voting process, ensuring fairness and transparency.

Stock Price Movement​

Mid East Portfolio Management Ltd closed today at ₹38.56, recording a gain of +4.93% or ₹1.81. The shares traded during the session within an intraday range stretching from a low of ₹34.92 to a high of ₹38.56.