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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Midwest Gold Limited's board approved the allotment of 73,500 equity shares at Rs. 2,000 per share (face value Rs. 10) to 14 non-promoter allottees, raising Rs. 14.70 crore. The largest allotments went to Arimilli Nikhil Ratna and Raavi Raajakumar (25,000 shares each), collectively accounting for about Rs. 10 crore of the total. All allottees fall under the Non-Promoter category, and the shares will rank pari passu with existing equity. The company's paid-up capital increased from 1,28,98,696 to 1,29,72,196 equity shares. BSE granted in-principle approval for the issuance on March 25, 2026.
The preferential allotment at a massive 199x premium (Rs. 2,000 vs Rs. 10 face value) signals strong non-promoter interest in the company, providing a modest capital infusion of Rs. 14.7 crore and slightly diluting promoter holding.