Proceedings of the Extraordinary General Meeting
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Midwest Gold Limited held an Extraordinary General Meeting (EGM) on Saturday, March 14, 2026, via Video Conferencing (VC) from 11:00 AM to 11:15 AM, with 31 members in attendance. The meeting was chaired by Mr. G Bhaskara Rao, and Bigshare Services Private Limited facilitated the e-voting process. The only item of special business transacted was a Special Resolution to consider and approve the issue of equity shares on a preferential basis to the Promoter, Promoter Group, and Non-Promoters for cash consideration. Members who registered as speakers expressed their views on the proposal. E-voting remained open for 15 minutes after the meeting, and the results along with the Scrutinizer's Report will be submitted separately within the prescribed timeline.
The preferential allotment of equity shares to promoters, promoter group, and non-promoters will lead to dilution of existing shareholders' holdings, though the company is raising fresh capital in cash. Investors should watch for the voting results, which will determine whether the resolution was passed, as this is a key signal of upcoming capital infusion.