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Awaiting price reaction for this filing.
Midwest Gold Limited has issued a Postal Ballot Notice seeking shareholder approval for one special resolution: the appointment of Mr. Somasekhar Reddy Bhimavarapu (DIN: 06457285) as a Non-Executive Independent Director for a 5-year term from April 10, 2025 to April 9, 2030. He was already inducted as an Additional Director on April 10, 2025, and this postal ballot is to regularize his appointment as required by SEBI Listing Regulations. Mr. Bhimavarapu is a retired Indian Forest Service officer with over 35 years of experience in forest management, environmental governance, and biodiversity conservation. Since he will turn 75 years old on May 10, 2029, during his tenure, shareholders are also being asked to approve his continuation beyond age 75 via a special resolution. Remote e-voting will run from June 8, 2025 (9:00 AM IST) to July 7, 2025 (5:00 PM IST), with Munesh Kumar Gaur as Scrutinizer and Bigshare Services as the e-voting facilitator.
This is a routine board-strengthening move. The appointment brings environmental and regulatory expertise to the board but is unlikely to have any material impact on the stock price or shareholder value.