Midwest Energy Limited has approved the sub-division of its equity shares from a face value of Rs 10 to Rs 1, a move aimed at enhancing liquidity and encouraging wider retail participation. The Board of Directors sanctioned the 1:10 split at its meeting held on June 30, 2026, converting every existing share into ten fully paid-up shares. The corporate action is subject to shareholder approval and necessary statutory clearances.

Share Capital Structure

The sub-division will alter the company's share capital structure significantly. The authorized share capital will increase to 20,00,00,000 shares with a face value of Rs 1, while the issued and paid-up capital will rise to 12,97,21,960 shares. The record date to determine shareholder eligibility for the split will be intimated separately.

Regulatory Compliance

The board meeting was convened under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Consequently, the Board has also approved the alteration of Clause V of the Memorandum of Association to reflect the change in share capital structure. The trading window for Designated Persons and their immediate relatives remains closed and will reopen 48 hours after the dissemination of the outcome.

Midwest Gold Ltd has appointed Mrs. Soumya Kukreti as an Additional Non-Executive Director effective June 27, 2026. The Board of Directors approved the appointment on the recommendation of the Nomination and Remuneration Committee. Mrs. Kukreti will hold office until the date of the ensuing Annual General Meeting of the company.

Mrs. Soumya Kukreti is a business leader with over 18 years of experience across mining, clean energy, advanced materials, hydrogen technologies, powder metallurgy, and e-mobility. She has been serving as a Whole-time Director of Midwest Limited since 2012. She holds a Bachelor's degree in Commerce from Osmania University and has played a key role in establishing the Group's diamond tools manufacturing operations in Sri Lanka.

The appointment was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board meeting commenced at 03:30 P.M. and concluded at 04:00 P.M. on June 27, 2026.

Mrs. Kukreti is the spouse of Mr. Deepak Kukreti, Whole-time Director of the company. The disclosure confirmed that she is not debarred from holding the office of Director by any order passed by the Securities and Exchange Board of India or any other authority.

Key Details of Appointment