Outcome of the Postal Ballot.
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Midwest Gold Limited (BSE: 526570) announced the results of its Postal Ballot concluded on January 2, 2026, for a Special Resolution to approve the Scheme of Amalgamation of its wholly-owned subsidiary, Midwest Energy Private Limited (Transferor Company), with itself (Transferee Company) under Section 233 of the Companies Act, 2013. Out of 11,047,946 total shares, 10,465,254 valid votes (94.73% of outstanding shares) were polled, and the resolution was passed unanimously with 100% votes in favour and zero votes against. No votes were declared invalid. The voting was conducted entirely through remote e-voting via Bigshare Services, with no physical ballots dispatched.
The unanimous shareholder approval clears a key regulatory hurdle for the amalgamation of the wholly-owned subsidiary into the holding company, which could lead to consolidation of operations and financials. For retail investors, this is a procedural corporate restructuring step with no immediate dilution or cash impact, though the long-term effect will depend on how the merged entity performs.