Midwest Limited has dispatched letters to shareholders whose email addresses are not registered with the company, providing web links to the notice for its 45th Annual General Meeting and the FY26 Annual Report. This communication ensures compliance with SEBI regulations for physical security holders.

The company scheduled the 45th AGM for Monday, September 28, 2026, at 11:00 am. The meeting will be conducted through Video Conferencing or other audio visual means in compliance with SEBI and Ministry of Corporate Affairs guidelines. Shareholders who have not registered their email addresses with the Company, Registrar and Transfer Agent (RTA), or Depository Participants received this letter pursuant to Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Voting Schedule

The cut-off date for e-voting is Monday, September 21, 2026. Remote e-voting commences on Friday, September 25, 2026, at 9:00 am and ends on Sunday, September 27, 2026, at 5:00 pm. Members attending the AGM can vote on resolutions if they have not cast their vote during the remote e-voting period. Results will be declared within two working days of the meeting's conclusion.

Mandatory KYC Compliance

The letter also highlighted mandatory KYC requirements under SEBI Master Circular No. HO/38/13/(4)2026-MIRSD-POD//4298/2026 dated February 06, 2026. Physical security holders must furnish their PAN, nomination, contact details, bank account details, and specimen signature to the Company or RTA. Payments including dividends, interest, or redemption amounts for such folios will be made only through electronic mode. Shareholders are requested to complete this process by submitting Form ISR-1 to KFin Technologies.

Queries regarding the AGM or e-voting should be directed to Mr. Suresh Babu at KFintech, the company's RTA, via email or phone.

Midwest finalized its initial public offering allotment on September 4, 2026, with the issue receiving a 30.84 times subscription. The company priced the offer at ₹177 per equity share, and trading is scheduled to commence on September 8, 2026.

The public issue saw robust demand across all investor categories. Retail individual investors drove significant participation, with the category subscribing to the extent of 19.24 times. Non-institutional bidders also showed strong interest, particularly those applying for amounts exceeding ₹100 million, who oversubscribed their portion by 128.14 times. Qualified Institutional Buyers (QIBs), excluding the anchor portion, subscribed their quota 36.39 times.

Subscription Breakdown

The total applications received amounted to 19,88,781, seeking 60,08,778,176 equity shares before technical rejections. The final demand analysis indicates that 79.65% of the bids were placed at the cut-off price of ₹177, while 20.30% were placed at the cut-off price.

Anchor Investor Participation

The anchor investor portion was allocated to 14 anchor investors, including two domestic mutual funds through three schemes. The anchor investor offer price was finalized at ₹177 per equity share. A total of 7,791,789 equity shares were allocated under this portion, aggregating to ₹1,378,146,653. The bidding for anchor investors opened and closed on August 31, 2026.

Allotment Details

The basis of allotment was finalized in consultation with the Bombay Stock Exchange (BSE). In the retail individual bidders category, 9,090,422 equity shares were allotted to 1,08,219 successful applicants. For non-institutional bidders applying between ₹20 million and ₹100 million, 12,98,631 shares were allotted to 1,104 applicants. The higher bracket of non-institutional bidders (above ₹100 million) received 25,97,264 shares allotted to 2,208 applicants.

Qualified Institutional Buyers received 51,94,527 equity shares allotted to 63 successful applicants. Mutual Funds were allotted 5% of the Net QIB portion, while other QIBs received the remainder on a proportionate basis.

Listing and Trading

The Board of Directors approved the allotment on September 4, 2026. Instructions for unlocking funds and transferring them to the Public Offer Account were issued on the same day. Payments to non-syndicate brokers were processed on September 5, 2026. The company filed its listing application with both NSE and BSE on September 7, 2026, and received approval for listing and trading. Trading commences on September 8, 2026.

Investors are advised that the level of subscription should not be taken as indicative of the market price or business prospects. Further correspondence regarding allotment should be directed to the Registrar to the Offer, Bishare Services Private Limited.