Midwest Gold Limited has successfully conducted its Extra Ordinary General Meeting (EGM) on March 14, 2026, to approve the preferential issue of equity shares. The meeting was held through Video Conferencing (VC) and Other Audio Visual Means (OAVM) from 11:00 AM to 11:15 AM (IST), with 31 members in attendance.

EGM Proceedings and Approval

The EGM was chaired by Mr. G Bhaskara Rao, who welcomed members and outlined the meeting guidelines. The company engaged Bigshare Services Private Limited to provide remote e-voting, e-voting during the meeting, and video-conferencing platform for member participation. The meeting was deemed to be conducted at the company's registered office in Banjara Hills, Hyderabad.

Special Resolution on Preferential Issue

The primary agenda item was the consideration and approval of equity share issuance on a preferential basis to promoters, promoter group, and non-promoters for cash consideration. This special resolution was the sole item of special business discussed during the meeting.

Revised Allocation Structure

Prior to the EGM, the company had issued a second corrigendum revising the allocation structure for a portion of the preferential issue. The Board of Directors approved a complete reallocation of 28,500 equity shares, consolidating the entire allocation to Nikhil Sunkara while removing three other proposed allottees from this specific allocation.

Broader Preferential Issue Framework

The overall preferential issue encompasses up to 10,00,000 fully paid-up equity shares of face value Rs. 10 each at an issue price of Rs. 2,000 per share, including a premium of Rs. 1,990 per share. The total fund raise amounts to up to Rs. 200 crore, involving 53 proposed allottees across promoter, promoter group, and public categories.

Voting Process and Next Steps

Members who had not exercised their votes through remote e-voting were allowed to cast their votes electronically during the meeting. The e-voting facility remained open for 15 minutes after the meeting's conclusion. The company will announce voting results within statutory timelines and communicate them to stock exchanges and upload on company and Bigshare Services Private Limited websites.

The funds raised will be utilized for repaying unsecured loans from directors (Rs. 80 crore), acquiring land and building for rare earth magnet facility (Rs. 60 crore), procuring plant and equipment (Rs. 50 crore), and general corporate requirements (Rs. 10 crore). Post-issue, promoter shareholding is expected to increase from 57.91% to 58.11%.

Midwest Gold Limited has completed the mandatory newspaper publication of its unaudited financial results for the third quarter of fiscal year 2026, demonstrating adherence to regulatory compliance requirements. The company submitted documentation to BSE Limited on February 12, 2026, confirming the publication of its quarterly financial performance data.

Regulatory Compliance and Publication Details

The company published its unaudited standalone and consolidated financial results in two prominent publications to ensure broad accessibility for stakeholders. The publications appeared in Business Standard for English-speaking audiences and Telugu Prabha for regional language readers, both on February 12, 2026.

Board Approval and Corporate Governance

The financial results received formal approval from Midwest Gold Limited's Board of Directors during their meeting conducted on February 10, 2026. This approval process ensures proper corporate governance protocols are followed before public disclosure of financial information.

Whole-Time Director Baladari Satyanarayana Raju, bearing DIN 01431440, signed the regulatory submission documents. The director's digital signature was authenticated on February 13, 2026, providing additional verification of the document's authenticity.

Accessibility and Transparency Measures

The company has made its financial results readily accessible through multiple channels to ensure transparency for all stakeholders. The unaudited financial results, along with the limited review report, are available on the company's official website at https://www.midwestgoldltd.com/pdf/unaudited_standalone_consolidated_FR_QR_31DEC2025.pdf .

Corporate Information and Contact Details

Midwest Gold Limited operates with Corporate Identity Number L13200TG1990PLC163511 and maintains its registered office at 1st Floor, H.No.8-2-684/3/25 & 26 Road No. 12, Banjara Hills, Hyderabad-500034. The company provides stakeholder communication through telephone number 040-23305194 and email address novagranites1990@gmail.com .

The submission to BSE Limited was addressed to the Department of Corporate Services at 25th Floor, P.J. Towers, Dalal Street, Fort, Mumbai - 400 001, with reference to scrip code BSE: 526570. This formal communication ensures proper regulatory documentation and maintains the company's listing compliance status.