Midwest Limited Submits Quarterly Compliance Certificate for Q4 FY26

1 min read     Updated on 15 Apr 2026, 12:08 PM
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Midwest Limited has fulfilled its regulatory obligations by submitting the quarterly compliance certificate under SEBI (Depositories & Participants) Regulations, 2018 for Q4 FY26. The certificate, prepared by registrar KFin Technologies Limited and submitted by Company Secretary Rohit Tibrewal, confirms proper handling of securities dematerialization processes and compliance with stock exchange requirements.

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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.

Parameter: Details
Regulation: SEBI (Depositories & Participants) Regulations, 2018 - Section 74(5)
Quarter Ended: March 31, 2026
Certificate Date: April 01, 2026
Submission Date: April 15, 2026
Registrar: KFin Technologies Limited
BSE Scrip Code: 544587
NSE Symbol: MIDWESTLTD

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.

Corporate Information: Details
Company Secretary: Rohit Tibrewal (M. No.: A31385)
Former Name: Midwest Granite Private Limited
CIN: L14102TG1981PLC003317
Registered Office: 8-2-684/3/25&26, Road No. 12, Banjara Hills, Hyderabad - 500034

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.

Historical Stock Returns for Midwest Gold

1 Day5 Days1 Month6 Months1 Year5 Years
+0.05%-8.08%-9.73%+101.96%+894.78%+30,882.62%

What strategic initiatives might Midwest Limited announce in their upcoming Q1 FY2027 earnings report following this compliance milestone?

How could potential changes to SEBI depository regulations in 2026-27 impact Midwest Limited's compliance costs and operational procedures?

Will Midwest Limited's consistent regulatory compliance improve its eligibility for inclusion in ESG-focused investment indices?

Midwest Gold Limited Allots 73,500 Equity Shares on Preferential Basis for ₹147 Crore

2 min read     Updated on 08 Apr 2026, 04:00 PM
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Midwest Gold Limited completed the allotment of 73,500 equity shares at ₹2,000 per share on preferential basis to 14 non-promoter investors, raising ₹14,70,00,000. The largest allocations went to Arimilli Nikhil Ratna and Raavi Raajakumar, who each received 25,000 shares for ₹5,00,00,000. Following this allotment, the company's paid-up equity capital increased from 1,28,98,696 to 1,29,72,196 shares of ₹10 each. The company had received BSE's in-principle approval on March 25, 2026, and will apply for listing approval in due course.

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Midwest Gold Limited has successfully completed the allotment of 73,500 equity shares on preferential basis, raising ₹14,70,00,000 from non-promoter investors. The board of directors approved this allotment during their meeting held on April 8, 2026, in compliance with SEBI regulations and the Companies Act, 2013.

Allotment Details and Pricing

The equity shares were allotted at an issue price of ₹2,000 per share, significantly higher than the face value of ₹10 per share. All allotted shares rank pari passu with the existing equity shares of the company, ensuring equal rights and privileges for new shareholders.

Parameter: Details
Total Shares Allotted: 73,500
Issue Price per Share: ₹2,000
Face Value per Share: ₹10
Total Consideration: ₹14,70,00,000
Allottee Category: Non-Promoters

Major Allottees and Distribution

The preferential allotment was distributed among 14 non-promoter investors, with varying allocation sizes based on their investment capacity. The largest individual allocations went to two investors who each received 25,000 shares.

Allottee Name: Shares Allotted Consideration (₹)
Arimilli Nikhil Ratna: 25,000 5,00,00,000
Raavi Raajakumar: 25,000 5,00,00,000
Gopichand Gorrepati: 5,000 1,00,00,000
Nikhil Sunkara: 5,500 1,10,00,000
Ravi Bollina: 2,500 50,00,000
Divya Nallamothu: 2,500 50,00,000

Impact on Share Capital

Following the completion of this preferential allotment, the company's capital structure has been enhanced significantly. The issued and paid-up equity share capital increased from 1,28,98,696 equity shares to 1,29,72,196 equity shares of ₹10 each, representing an increase of 73,500 shares.

Capital Structure: Before Allotment After Allotment
Equity Shares: 1,28,98,696 1,29,72,196
Face Value: ₹10 each ₹10 each
Status: Fully Paid-up Fully Paid-up

Regulatory Compliance and Approvals

The preferential issue was conducted in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and provisions of the Companies Act, 2013. The company had received in-principle approval from BSE Limited for this issuance on March 25, 2026, demonstrating proper regulatory compliance.

The board meeting commenced at 1:00 PM and concluded at 1:30 PM on April 8, 2026. The company will now proceed to apply for listing and trading approval from the stock exchange for the newly allotted equity shares in due course.

Historical Stock Returns for Midwest Gold

1 Day5 Days1 Month6 Months1 Year5 Years
+0.05%-8.08%-9.73%+101.96%+894.78%+30,882.62%

How will Midwest Gold utilize the ₹147 crore raised from this preferential allotment for its business expansion or operational needs?

What impact might the significant premium pricing (₹2,000 vs ₹10 face value) have on the company's market valuation and future fundraising activities?

Will the entry of these 14 new non-promoter investors lead to changes in the company's board composition or strategic direction?

More News on Midwest Gold

1 Year Returns:+894.78%