Midwest Gold Limited has formally notified BSE Limited about an upcoming board meeting scheduled for February 10, 2026, to review and approve the company's quarterly financial performance. The announcement, made on February 5, 2026, follows regulatory requirements under SEBI listing obligations.

Board Meeting Details

The board meeting has been convened to address several key agenda items related to the company's financial disclosure obligations.

Trading Window Restrictions

In accordance with the company's insider trading prevention protocols, Midwest Gold Limited has implemented trading restrictions for designated persons. The trading window closure was initiated on January 1, 2026, and will continue until 48 hours after the official announcement of the financial results to the stock exchange.

The company's Code of Conduct for Prevention of Insider Trading aligns with the Securities Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, ensuring compliance with regulatory standards for information disclosure and market integrity.

Regulatory Compliance

The board meeting notification was submitted under Regulation 29(1)(a) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. This regulation mandates listed companies to inform stock exchanges about board meetings where financial results will be considered, ensuring transparency in corporate governance and timely information dissemination to market participants.

The announcement was signed by Baladari Satyanarayana Raju, Whole-Time Director, confirming the company's adherence to prescribed disclosure norms and maintaining regulatory compliance standards.

Midwest Gold has received a quarry lease work order from the Department of Mines & Geology, Government of Andhra Pradesh, marking a significant operational development for the mining company.

Quarry Lease Details

The work order permits Midwest Gold to undertake quarrying operations for the extraction of coloured quartzite blocks, which are used for cutting and polishing purposes. The quarry lease has been granted for a substantial period of 30 years, commencing from January 6, 2026, and remaining valid until January 5, 2056.

Operational Scope

The approved quarry area covers an extent of 21.012 hectares, equivalent to 51.92 acres, located at Hanumanthunipadu village and mandal in Prakasam district of Andhra Pradesh. According to company details, the quarry is estimated to have an available marketable reserve of 609,620 cubic metres of coloured quartzite blocks.

The operations will be subject to receipt of all requisite statutory approvals and compliance with applicable conditions laid down by the authorities. The work order has been awarded by a domestic government entity and does not involve any related party transactions.

Market Performance

Shares of Midwest Gold closed higher at ₹1,795.20, registering an increase of ₹22.00 or 1.24%. This development represents an expansion of the company's operational footprint in Andhra Pradesh's mining landscape, potentially contributing to its business growth in the mineral products sector.