Midwest Energy Limited’s Board of Directors approved the appointment of Mrs. Soumya K as Whole-Time Director and Chief Executive Officer on September 7, 2026. The designation change takes effect from September 30, 2026, subject to shareholder approval at the upcoming Annual General Meeting.

The board also scheduled the company’s 36th AGM for Wednesday, September 30, 2026, to be conducted via Video Conferencing or Other Audio-Visual Means. The Register of Members and Share Transfer Books will remain closed from September 24, 2026, to September 30, 2026, inclusive, for the purpose of the meeting.

Leadership Transition

Mrs. Soumya K (DIN: 01760289) moves from her role as Non-Executive Director to a full-time executive position. Her tenure as CEO is fixed for five years, commencing on September 30, 2026. She is the daughter of Mrs. Kollareddy Ranganayakamma, a director at the company.

Mrs. Kukreti brings over 18 years of experience across mining, clean energy, advanced materials, hydrogen technologies, powder metallurgy, and e-mobility. She has served as a Whole-time Director of Midwest Limited since 2012. Her profile highlights key contributions to establishing diamond tools manufacturing operations in Sri Lanka and driving backward integration in the mining business through technology-led development.

AGM Logistics

The remote e-voting period begins on Sunday, September 27, 2026, at 9:00 am and concludes on Tuesday, September 29, 2026, at 5:00 pm. The cut-off date for determining eligibility for e-voting is Wednesday, September 23, 2026.

Mr. Srikant Kumar P, a Practicing Company Secretary, was appointed as the Scrutinizer for the e-voting process. Bigshare Services Private Limited will provide the remote e-voting facility and conduct voting during the AGM.

The Board meeting commenced at 6:00 pm and concluded at 7:00 pm.

Midwest Energy Limited shareholders approved four resolutions through a postal ballot conducted via remote e-voting, with the scrutinizer confirming passage on September 10, 2026.

The company secured unanimous support from all voting members for the agenda items, which included a share subdivision, the appointment of two directors, and approval for professional consultancy fees to a related party.

Voting Results Overview

The e-voting facility was open from August 10, 2026, to September 8, 2026. The record date for determining eligible voters was July 31, 2026, with a total of 9,074 shareholders on record. CS Srikant Kumar P served as the independent scrutinizer for the process.

All votes were cast electronically. No invalid votes were recorded across any category.

Key Resolutions Passed

The following resolutions were approved by the members:

• Share Subdivision: An ordinary resolution to subdivide equity shares and amend the Memorandum of Association was passed with 6,260,406 votes in favor and zero against.
• Related-Party Fees: A special resolution approving payment of professional consultancy fees to Mr. Deepak Kukreti, a related party, was passed. This resolution received 249,136 votes in favor from public non-institutional shareholders. Promoter group members did not vote on this item.
• Non-Executive Director Appointment: An ordinary resolution appointing Mrs. Kollareddy Ranganayakamma (DIN: 00033569) as a non-executive director was passed with 6,260,406 votes in favor.
• Independent Director Appointment: A special resolution appointing Mr. Dinabandhu Mohapatra (DIN: 07488705) as an independent director was passed with 6,260,406 votes in favor.

What the Numbers Show

Promoter and promoter group shareholders held 6,011,270 shares, representing approximately 96% of the total shares held by participating voters (6,260,406). This high concentration resulted in promoter votes driving the outcome for the share split and director appointments, while public non-institutional shareholders (holding 249,136 shares) solely determined the result for the related-party fee approval, as promoters abstained from voting on that specific resolution.