Disclosure of Voting Results along with Scrutinizer''s Report of 35th AGM.
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Midwest Gold Limited held its 35th Annual General Meeting on September 30, 2025 via video conferencing, lasting just 25 minutes (11:00 AM to 11:25 AM). All four resolutions were passed unanimously with 100% votes in favor and zero votes against. The resolutions covered adoption of audited financial statements for FY ending March 2025, reappointment of director Mr. Baladari Satyanarayana Raju (DIN: 01431440) who retires by rotation, appointment of the Secretarial Auditor, and a special resolution approving a preferential issue of equity shares to non-promoter public category investors. Out of 7,490 total shareholders on the record date, 40 attended through video conferencing (3 promoter group members and 37 public members). A total of 8,564,574 votes were polled, representing 77.52% of total outstanding shares of 11,047,946.
The unanimous approval of the preferential equity allotment to non-promoter public investors is the most notable outcome — this paves the way for dilution of existing shareholders as new shares will be issued for cash. All routine items (financials, director reappointment, auditor) passed without opposition, indicating no shareholder dissent at this AGM.