Midwest Energy Limited reported a standalone net profit of ₹279.59 lakh for the financial year ended March 31, 2026, reversing a net loss of ₹304.27 lakh in the previous year. The company's board approved the audited standalone and consolidated financial results at a meeting held on May 29, 2026. However, statutory auditors M/s. MAJETI & CO. issued a qualified opinion regarding the capitalization of expenditure under "Intangible Assets Under Development" amounting to ₹2,558.10 lakh, citing insufficient audit evidence to demonstrate that recognition criteria under Ind AS 38 were met.

The standalone financial statements show total income for FY26 at ₹3,199.21 lakh, a significant increase from ₹376.07 lakh in the prior year. This rise was primarily driven by revenue from operations, which grew to ₹2,446.41 lakh from ₹90.71 lakh. The company's total assets stood at ₹52,568.48 lakh as of March 31, 2026, while equity share capital increased to ₹1,289.87 lakh following preferential allotments during the year.

In contrast, the consolidated financial results for the group reflected a net loss of ₹1,400.69 lakh for FY26, widening from the net loss of ₹683.83 lakh in the previous year. Consolidated total income for the year was ₹1,053.23 lakh. The group reported total consolidated assets of ₹71,395.14 lakh. The auditors noted that the qualification regarding intangible assets applied to the consolidated financial statements as well, with the same amount of ₹2,558.10 lakh classified under development costs.

The board also approved the raising of funds through preferential issues. The company allotted 10,00,000 equity shares at ₹1,500 per share in December 2025, raising ₹150 crore, and subsequently allotted 8,50,750 equity shares at ₹2,000 per share in March 2026, raising ₹170.15 crore. Proceeds were utilized for loans to subsidiaries, acquisition of assets, and repayment of unsecured loans. The trading window closure period notified earlier remains in effect until 48 hours after the financial results are declared.

Standalone Financial Highlights (FY26)

Consolidated Financial Highlights (FY26)

Midwest Limited has submitted its quarterly compliance certificate to BSE Limited and National Stock Exchange of India Limited, fulfilling regulatory requirements under SEBI (Depositories & Participants) Regulations, 2018. The submission was made on April 15, 2026, by Company Secretary & Compliance Officer Rohit Tibrewal.

Regulatory Compliance Certificate

The certificate pertains to the quarter ended March 31, 2026, and was issued under Regulation 74(5) of the SEBI (Depositories & Participants) Regulations, 2018. KFin Technologies Limited, serving as the company's Registrar and Share Transfer Agent, provided the compliance certificate dated April 01, 2026.

Certificate Confirmations

KFin Technologies Limited confirmed compliance aspects in their certificate to both Central Depository Services (India) Limited and National Securities Depository Limited. The registrar certified that details of securities dematerialized and rematerialized during the quarter have been furnished to all stock exchanges where the company's shares are listed, as required under Regulation 74(5) of SEBI regulations.

Corporate Details

The submission was made by Rohit Tibrewal, Company Secretary & Compliance Officer with membership number A31385, on behalf of Midwest Limited. The company, formerly known as Midwest Granite Private Limited, is incorporated with CIN: L14102TG1981PLC003317 and is headquartered at Banjara Hills, Hyderabad.

This quarterly compliance certificate submission reflects the company's ongoing adherence to SEBI regulations governing depositories and participants, ensuring proper handling of securities dematerialization processes during the fourth quarter of fiscal year 2026.