Monitoring Agency Report from Infomerics Valuation and Rating Limited for the quarter ended March 31, 2026
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Midwest Gold Ltd has submitted its quarterly monitoring agency report for the quarter ended March 31, 2026. The report, issued by Infomerics Valuation and Rating Limited, covers the utilization of Rs. 150 crore raised through a preferential allotment of equity shares. The monitoring agency has confirmed there are no deviations from the stated objects of the issue and no percentage deviation in the range. This is a routine regulatory filing as required under SEBI regulations for companies that have raised funds via preferential issues. The company had appointed Infomerics as its monitoring agency following the preferential issue.
The nil deviation report is a positive indicator for shareholders, confirming that the company is utilizing the raised funds as per its original objectives. This reduces concerns about fund diversion and provides transparency on capital deployment.