Pursuant to Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015, as amended, from time to time, we wish to inform you that the Board of Directors of the Company at ....
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Midwest Gold Limited's board, meeting on April 10, 2025, approved three key changes. Mr. Srinivasappa Anand Reddy resigned as Chief Financial Officer and Key Managerial Personnel for personal reasons, effective the close of business on April 10, 2025. Mr. Palepu Venkatachala Ramakrishna, a seasoned finance professional with over 30 years of experience across multiple sectors, was appointed as the new CFO effective April 11, 2025. Separately, Mr. Somasekhar Reddy Bhimavarapu, a retired Indian Forest Service officer with 35+ years of experience, was appointed as an Additional Director (Non-Executive & Independent) for a 5-year term until April 9, 2030, pending shareholder approval. The new independent director is not related to any promoter or existing director.
This is a routine leadership transition with an immediate in-house replacement for the CFO, so disruption should be minimal. Adding an independent director with a strong governance and environmental background could strengthen board oversight, though shareholders should monitor the new CFO's early performance.