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.

Midwest Gold Limited has disclosed the voting results and scrutinizer's report for its Extra Ordinary General Meeting (EGM) held on March 14, 2026, under Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company successfully obtained approval for its preferential issue of equity shares through unanimous member support.

EGM Proceedings and Approval

The EGM was conducted from 11:00 AM to 11:15 AM (IST) through Video Conferencing (VC) and Other Audio Visual Means (OAVM), with the meeting chaired by Mr. G Bhaskara Rao. Bigshare Services Private Limited provided remote e-voting, e-voting during the meeting, and video-conferencing platform for member participation.

Voting Results and Scrutinizer's Report

CS Munesh Kumar Gaur, Practising Company Secretary (ACS-39597/CP-24478), served as the scrutinizer for the voting process. The remote e-voting period remained open from 09:00 AM IST on March 10, 2026, to 5:00 PM IST on March 13, 2026. Shareholders holding shares as on the cut-off date of March 7, 2026, were entitled to vote on the proposed resolution.

Special Resolution Approval

The special resolution for issuing equity shares on preferential basis to promoters, promoter group, and non-promoter public category investors for cash consideration received unanimous approval. The voting breakdown shows strong member support across both remote e-voting and e-voting during the meeting.

Preferential Issue Framework

The approved preferential issue encompasses up to 10,00,000 fully paid-up equity shares of face value Rs. 10.00 each at an issue price of Rs. 2,000.00 per share, including a premium of Rs. 1,990.00 per share. The total fund raise amounts to up to Rs. 200.00 crore, involving 53 proposed allottees across promoter, promoter group, and public categories.

Fund Utilization and Compliance

The voting results and scrutinizer's report dated March 17, 2026, have been made available on the company's website ( www.midwestgoldltd.com ), Bigshare website ( www.ivote@bigshareonline.com ), and BSE website ( www.bseindia.com ). The funds raised will be utilized for repaying unsecured loans from directors (Rs. 80.00 crore), acquiring land and building for rare earth magnet facility (Rs. 60.00 crore), procuring plant and equipment (Rs. 50.00 crore), and general corporate requirements (Rs. 10.00 crore).