Midwest Gold Limited has completed two significant preferential allotments within days, demonstrating strong investor confidence and the company's aggressive capital expansion strategy. The company's board meetings on March 29 and March 30, 2026, approved sequential equity share allotments totaling 8,50,750 shares, raising a combined ₹981.50 crore.

First Allotment - March 29, 2026

The initial board meeting on March 29, 2026, approved the allotment of 4,50,750 equity shares at ₹2,000 per share, raising ₹901.50 crore. This allotment was distributed across promoters, promoter group, and public categories with 35 total allottees.

The promoter category was led by Soumya Kukreti with 2,00,000 shares (₹40.00 crore), while the promoter group included Tara Rani Kollareddy (3,750 shares) and Guntaka Ravindra Reddy (1,250 shares). The public category comprised 32 allottees, with notable allocations to Srinidhi Duggirala and Karthik Amar Duggirala (75,000 shares each for ₹15.00 crore each).

Second Allotment - March 30, 2026

The subsequent board meeting on March 30, 2026, approved an additional allotment of 4,00,000 equity shares exclusively to promoters at the same issue price of ₹2,000 per share, raising ₹80.00 crore.

Cumulative Impact on Share Capital

The sequential allotments have substantially strengthened the company's capital structure. The issued and paid-up equity share capital increased from the original 1,20,47,946 equity shares to 1,28,98,696 equity shares, representing a total increase of 8,50,750 shares.

Regulatory Compliance and Approvals

Both allotments received in-principle approval from BSE Limited on March 25, 2026, and were conducted in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and the Companies Act, 2013. The company will apply for listing and trading approval from the stock exchange for all allotted equity shares. The March 29 meeting was held from 5:00 PM to 5:30 PM, while the March 30 meeting was conducted from 8:15 PM to 8:30 PM, both complying with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Midwest Gold Limited has formally notified BSE Limited regarding the appointment of Mr. Girdhar Agarwal as Company Secretary and Compliance Officer, effective March 17, 2026. The notification, dated March 18, 2026, follows the Board of Directors' approval at their meeting held on March 17, 2026, based on the recommendation of the Nomination and Remuneration Committee.

Key Appointment Details

Mr. Girdhar Agarwal has been designated as Key Managerial Personnel pursuant to Section 203 of the Companies Act, 2013, and will also serve as the Compliance Officer under Regulation 6(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Professional Background

Mr. Agarwal brings relevant experience to his new role at Midwest Gold Limited. He is an Associate member of the Institute of Company Secretaries of India and holds a Graduate degree. His professional experience spans over 3 years in dealing with secretarial compliances of both listed and unlisted companies.

Board Meeting Details and Authorization

The Board meeting commenced at 03:45 PM and concluded at 04:15 PM on March 17, 2026. Under Regulation 30(5) of the Listing Regulations, Mr. Agarwal has been authorized by the Board to make disclosures to stock exchanges regarding material events or information.

Regulatory Compliance

The appointment has been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The formal notification was signed by Baladari Satyanarayana Raju, Whole Time Director (DIN: 01431440), strengthening the company's compliance framework and ensuring adherence to regulatory requirements under both the Companies Act, 2013, and SEBI regulations.