Please find attached intimation for preferential issue of Equity shares
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Awaiting price reaction for this filing.
Midwest Gold Limited's board has approved a preferential issue of up to 10,00,000 equity shares at ₹1,500 per share (face value ₹10 plus a premium of ₹1,490), to raise up to ₹150 crore from 27 non-promoter allottees. Key allottees include Vikasa India EIF I Fund and India Emerging Giants Fund Limited, along with several individual investors. Post-issue, promoter holding will dilute from 63.15% to 57.91%, while public shareholding will rise from 36.85% to 42.09%. The company has also appointed CS Munesh Kumar Gaur as Secretarial Auditor for a 5-year term (FY2025-26 to FY2029-30) and scheduled its 35th AGM for September 30, 2025.
The ₹150 crore preferential raise represents a significant capital infusion, diluting promoter stake by about 5.24%. The very high issue price relative to face value indicates strong pricing confidence, though comparison to current market price is not disclosed. Shareholders should review this carefully and await the shareholder vote at the AGM on September 30, 2025.