Midwest Energy Share News - Latest Updates, Live News & More

Latest news about Midwest Energy

Midwest Energy Q1 Results: Net Loss Narrows to ₹11M from ₹38M YoY 2 days ago

Midwest Energy posted a Q1 consolidated net loss of 11M rupees, significantly improved from a loss of 38M rupees in the same quarter last year. Revenue for the quarter rose sharply to 62M rupees, up from 5M rupees on a year-on-year basis. The results indicate a notable improvement in both the company's top-line and bottom-line performance compared to the prior year period.

Midwest Energy seeks shareholder nod for 10:1 share split, director appointments 4 days ago

Midwest Energy reshuffles board, appoints new CFO amid four resignations Jul 30, 2026

Midwest Gold Gets Approval For Share Sub-Division At 1:10 Ratio Jun 30, 2026

Midwest Energy splits shares Rs 10 to Rs 1 to boost liquidity Jun 30, 2026

More news about Midwest Energy

27Jun 26

Midwest Gold Ltd appoints Soumya Kukreti as Additional Non-Executive Director

Midwest Gold Ltd appointed Mrs. Soumya Kukreti as Additional Non-Executive Director effective June 27, 2026. She brings over 18 years of experience in sectors like mining and clean energy. The appointment is valid until the next Annual General Meeting.

12Jun 26

Midwest Energy returns to profitability with FY26 revenue surge

Midwest Energy Limited reported a net profit of ₹279.59 lakh for FY26, reversing a loss of ₹304.27 lakh in the prior year, while revenue surged to ₹2446.41 lakh. The statutory auditors issued a qualified opinion regarding the capitalization of ₹2558.10 lakh in intangible assets under development due to insufficient audit evidence. On a consolidated basis, the group reported a net loss of ₹1400.69 lakh for the year.

05Jun 26

Midwest Energy appoints Prabhat Bhamini as Company Secretary

Midwest Energy Limited appointed Ms. Prabhat Bhamini as Company Secretary & Compliance Officer effective June 05, 2026, following a Board meeting. The company also relocated its registered office to the Financial District in Hyderabad.

31May 26

Midwest Energy Limited Company Secretary resigns effective May 31

Midwest Energy Limited announced the resignation of Mr. Girdhar Agarwal from the position of Company Secretary and Compliance Officer effective May 31, 2026. The resignation, attributed to personal reasons, was disclosed to BSE Limited under Regulation 30 of the SEBI Listing Regulations.

30May 26

Midwest Energy reports FY26 profit, auditors flag asset capitalization

Midwest Energy Limited reported a standalone net profit of ₹279.59 lakh for FY26 against a loss last year, with total income rising to ₹3,199.21 lakh. However, statutory auditors issued a qualified opinion on ₹2,558.10 lakh of intangible assets under development due to insufficient evidence. The consolidated results showed a net loss of ₹1,400.69 lakh, and the company raised ₹320.15 crore via preferential allotments.

15Apr 26

Midwest Limited Submits Quarterly Compliance Certificate for Q4 FY26

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.

08Apr 26

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

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.

07Apr 26

Midwest Gold: MCA Approves Merger Of Midwest Energy With Co; Subsidiary To Join Holding Company, Shareholding Stays Unchanged

Midwest Gold Limited has received MCA approval for amalgamation with its wholly-owned subsidiary Midwest Energy Private Limited, effective from July 1, 2025. The merger combines mining operations with battery technology capabilities while maintaining unchanged shareholding structure.

06Apr 26

Midwest Gold Subsidiary Commences Trial Production At 1 GWh Lithium Battery Line

Midwest Gold Limited announced through regulatory filing that its step-down subsidiary Midwest Energy Devices Private Limited has commenced trial production at a 1 GWh lithium battery assembly line in Bengaluru. The facility features two flagship BESS platforms - 418 kWh outdoor units and 5 MWh containerized systems - with certification standards including UL 1973, UL 9540, and UL 9540A, backed by 12-year warranties.

31Mar 26

Midwest Gold Limited Completes Sequential Equity Allotments Totaling 8.5L Shares

Midwest Gold Limited executed two consecutive preferential allotments within 24 hours, first allotting 4,50,750 shares to 35 investors across promoter and public categories raising ₹901.50 crore, followed by an additional 4,00,000 shares exclusively to promoters raising ₹80 crore, demonstrating strong capital expansion with total fundraising of ₹981.50 crore.

18Mar 26

Midwest Gold Limited Formally Notifies BSE of Company Secretary Appointment

Midwest Gold Limited has officially notified BSE regarding the appointment of Mr. Girdhar Agarwal as Company Secretary and Compliance Officer, effective March 17, 2026. The appointment was approved by the Board of Directors following the Nomination and Remuneration Committee's recommendation, with the board meeting conducted from 03:45 PM to 04:15 PM on the same day.

17Mar 26

Midwest Gold Discloses EGM Voting Results for Preferential Share Issue Approval

Midwest Gold Limited has successfully disclosed voting results for its EGM held on March 14, 2026, where the special resolution for preferential equity share issue was unanimously approved by 37 members with 80,21,542 votes cast in favour. The approved issue involves up to 10,00,000 shares at Rs. 2,000 per share, raising up to Rs. 200 crore for debt repayment, facility expansion, and corporate requirements.

13Feb 26

Midwest Gold Limited Publishes Q3FY26 Unaudited Financial Results in Newspapers

Midwest Gold Limited has published its unaudited standalone and consolidated financial results for Q3FY26 and nine months ended December 31, 2025, in Business Standard and Telugu Prabha newspapers on February 12, 2026. The results were approved by the Board of Directors on February 10, 2026, and submitted to BSE Limited in compliance with SEBI Regulations 30 & 47. The financial results are accessible through the company's website and Mumbai Stock Exchange platform, ensuring transparency for all stakeholders.

05Feb 26

Midwest Gold Limited Schedules Board Meeting on February 10, 2026 to Review Q3FY26 Financial Results

Midwest Gold Limited has scheduled a board meeting for February 10, 2026, to consider and approve unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The company has implemented trading window restrictions from January 1, 2026, which will remain in effect until 48 hours after the results announcement, ensuring compliance with insider trading regulations.

08Jan 26

Midwest Gold Secures 30-Year Quarry Lease Work Order in Andhra Pradesh

Midwest Gold has secured a significant 30-year quarry lease work order from the Andhra Pradesh government for extracting coloured quartzite blocks. The lease covers 21.012 hectares in Prakasam district with substantial marketable reserves of 609,620 cubic metres, marking an important expansion of the company's mining operations.

07Jan 26

Midwest Gold Board Approves New Subsidiary Setup in Sierra Leone to Boost HMS Reserves

Midwest Gold's board has approved the establishment of a new subsidiary in Sierra Leone, aimed at boosting HMS reserves and supporting future growth. This strategic expansion into Sierra Leone's mineral-rich territory represents the company's commitment to enhancing its Heavy Mineral Sands portfolio and strengthening its position in the mining sector.

31Dec 25

Midwest Gold Limited Completes ₹150 Crore Preferential Allotment to Non-Promoter Investors

Midwest Gold Limited completed a ₹150 crore preferential share allotment on December 31, 2025, issuing 10 lakh equity shares at ₹1,500 per share to 27 non-promoter investors. Major investors included Vikasa India EIF I Fund (₹52 crores), Chiranjeev Singh Saluja, and India Emerging Giants Fund Limited (₹19.99 crores each). The allotment increased the company's paid-up capital from ₹11.05 crores to ₹12.05 crores, with total equity shares rising to 1,20,47,946.

26Dec 25

Motilal Oswal Initiates Coverage on Midwest with Buy Rating, ₹2,500 Bull Target

Motilal Oswal has initiated coverage on Midwest Gold with a Buy rating and target price of ₹2,000, with a bull case scenario targeting ₹2,500 representing 54% upside potential. The mining company, which listed in October at ₹1,065, has delivered 58% returns and dominates India's premium granite export market with over 64% share in Black Galaxy granite. The brokerage expects strong growth driven by diversification into quartz processing and heavy mineral sands, projecting revenue concentration to shift from 96-98% granite dependency to 50% by FY28.

20Dec 25

Midwest Gold Limited Company Secretary Anant Patwari Resigns Effective December 20, 2025

Mr. Anant Patwari, Company Secretary and Compliance Officer of Midwest Gold Limited, has resigned effective December 20, 2025, to pursue an alternate career opportunity. The resignation was communicated to BSE Limited in compliance with regulatory requirements. Mr. Patwari, with membership number A63592, confirmed no other material reasons for his departure. The announcement was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

27Nov 25

Midwest Gold Limited Incorporates Step-Down Subsidiary in Sri Lanka's Renewable Energy Sector

Midwest Gold Limited has incorporated a step-down wholly-owned subsidiary, Good Energy (Pvt) Ltd, in Sri Lanka. The new entity, with a share capital of LKR 300,000,000.00, will focus on renewable energy, clean energy, and battery energy storage systems. Good Energy (Pvt) Ltd is 100% held by Midwest Energy Private Limited, which is a wholly-owned subsidiary of Midwest Gold Limited. This move marks Midwest Gold's strategic expansion into the Sri Lankan renewable energy sector.

08Nov 25

Midwest Gold Limited Reports Full Utilization of Rs 118.47 Crore Preferential Issue Funds

Midwest Gold Limited has completely utilized Rs 118.47 crore raised through a preferential issue. The funds were used for acquiring a 97.40% stake in Midwest Energy Private Limited (Rs 39.57 crore), debt repayment (Rs 19.60 crore), working capital (Rs 12.00 crore), and general corporate purposes (Rs 17.31 crore). The company also availed an overdraft facility of Rs 9.40 crore against fixed deposits for MEPL's expansion and working capital needs. The monitoring agency reported no deviations from the disclosed objectives.

08Nov 25

Midwest Gold Reports Standalone Profit Amid Consolidated Losses in Q2 FY2026

Midwest Gold Limited announced Q2 FY2026 results with standalone profit of ₹72.57 crore but consolidated loss of ₹352.43 crore. Standalone revenue was ₹0.52 crore, while consolidated revenue reached ₹120.12 crore. Auditors issued a qualified opinion on ₹2,009.34 crore classified under Intangible Assets Under Development. The renewable energy segment reported ₹131.24 crore revenue but ₹262.72 crore loss. Management committed to improving documentation processes for intangible asset development costs. The company fully utilized ₹7,890.44 crore raised through preferential allotment for various purposes including expansion, working capital, debt repayment, and corporate needs.

21Aug 25

Midwest Gold Approves Amalgamation of Wholly-Owned Subsidiary Midwest Energy

Midwest Gold Limited (MGL) has approved the amalgamation of its wholly-owned subsidiary, Midwest Energy Private Limited (MEPL), into the parent company. The move aims to streamline operations and create potential synergies. MGL, focused on mining and mineral processing, will integrate MEPL's expertise in advanced battery technology. The amalgamation, approved on August 21, 2025, falls under Section 233 of the Companies Act, 2013. No new shares will be issued, and MGL's shareholding pattern will remain unchanged. The transaction is subject to regulatory approvals.

19Aug 25

Midwest Gold Limited to Consider Amalgamation with Wholly-Owned Subsidiary

Midwest Gold Limited has scheduled a board meeting for August 21, 2025, to consider a scheme of amalgamation with its wholly-owned subsidiary, Midwest Energy Private Limited. The meeting will be held under Section 233 of the Companies Act 2013 and applicable SEBI regulations. A trading window closure has been implemented from August 20, 2025, until 48 hours after the meeting outcome is disclosed to stock exchanges, in compliance with SEBI regulations.

Midwest Energy

3,271.60

+155.75

(+5.00%)

1 Year Returns:+96.16%

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