Midwest Gold Limited (MGL), a company primarily engaged in mining and processing of minerals, has announced a significant corporate restructuring move. The Board of Directors of MGL has approved the amalgamation of its wholly-owned subsidiary, Midwest Energy Private Limited (MEPL), into the parent company.

Key Details of the Amalgamation

The amalgamation, approved during a board meeting on August 21, 2025, aims to consolidate MEPL's operations into MGL. This strategic move is expected to streamline operations and potentially create synergies between the two entities.

Financial Snapshot

As of June 30, 2025, the financial positions of the two companies were as follows:

It's worth noting that both companies reported nil turnover as of the latest financial data available.

Business Focus

While MGL focuses on mining and processing of minerals, MEPL specializes in the design, development, and manufacturing of advanced battery packs and Battery Management Systems. The amalgamation is expected to bring these complementary businesses under one roof.

Rationale for the Amalgamation

According to the company's disclosure, the amalgamation aims to combine and carry on MEPL's business in conjunction with MGL more conveniently and advantageously. This move suggests that MGL sees potential benefits in integrating MEPL's expertise in advanced battery technology with its existing mining operations.

Regulatory Aspects

The amalgamation scheme falls under Section 233 and other applicable provisions of the Companies Act, 2013. As MEPL is a wholly-owned subsidiary of MGL, the transaction does not fall under the purview of related party transactions as per the clarifications provided by the Ministry of Corporate Affairs and SEBI regulations.

Impact on Shareholding

Since MEPL is already a wholly-owned subsidiary of MGL, no new shares will be issued as consideration for the amalgamation. Consequently, there will be no change in the shareholding pattern of MGL following the completion of this corporate restructuring.

The amalgamation is subject to requisite statutory and regulatory approvals. Investors and stakeholders will likely keep a close watch on how this consolidation impacts Midwest Gold's operational efficiency and financial performance in the coming quarters.

Midwest Gold has announced a crucial board meeting scheduled for August 21, 2025, to deliberate on a significant corporate restructuring move. The company's Board of Directors will convene to consider a scheme of amalgamation between Midwest Gold Limited and its wholly-owned subsidiary, Midwest Energy Private Limited.

Key Points of the Announcement

• Board Meeting Date: August 21, 2025
• Primary Agenda: Consideration of the Scheme of Amalgamation
• Companies Involved:
  • Transferee Company: Midwest Gold Limited
  • Transferor Company: Midwest Energy Private Limited (Wholly-owned Subsidiary)
• Legal Framework: Section 233 of the Companies Act 2013 and applicable SEBI regulations

Trading Window Closure

In compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's Code of Conduct for prevention of insider trading, Midwest Gold Limited has implemented a trading window closure:

• Closure Start Date: August 20, 2025
• Reopening: 48 hours after the disclosure of the meeting outcome to the stock exchanges

Implications and Next Steps

The proposed amalgamation, if approved, could potentially streamline operations and enhance operational efficiency within the Midwest Gold Limited group. Shareholders and market participants will be keenly awaiting the outcome of this board meeting, as it may have significant implications for the company's structure and future operations.

Investors and stakeholders are advised to monitor official communications from the company and the stock exchanges for further updates on this development. The market's reaction to this news will be closely watched in the coming days, particularly once the trading window reopens and the board meeting's outcome is disclosed.

Midwest Gold Limited continues to demonstrate its commitment to corporate governance by providing timely disclosures of such material events to the stock exchanges and its shareholders.