Midwest Gold Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/08/2025 ,inter alia, to consider and approve the Scheme of Amalgamation of ....
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Midwest Gold Limited has informed the BSE that its Board of Directors will meet on August 21, 2025, to consider and approve a Scheme of Amalgamation of Midwest Energy Private Limited (its wholly-owned subsidiary) with itself. The merger will be carried out under Section 233 of the Companies Act, 2013, which is a simplified fast-track route typically used for mergers between a holding company and its wholly-owned subsidiary, and does not require NCLT approval. The trading window for the company's shares has been closed from August 20, 2025, until 48 hours after the outcome of the meeting is announced. No share swap ratio is mentioned since one entity is a wholly-owned subsidiary of the other.
This is an internal restructuring to merge a wholly-owned subsidiary into the parent company, with no impact on shareholding pattern or control. Since the subsidiary is entirely owned, no share swap is needed and no open offer is triggered. Retail investors should note the trading window closure and watch for the Board's decision on August 21.