The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
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Mrs. Kollareddy Ranganayakamma, spouse of promoter Mr. Kollareddy Rama Raghava Reddy, has informed the exchange of a proposed acquisition of 2,00,000 equity shares (1.81% of paid-up capital) of Midwest Gold Limited by way of gift from her husband, on or after April 21, 2025. The shares will be transferred at nil consideration under a Gift Deed. The transaction qualifies as an inter-se transfer among immediate relatives under Regulation 10(1)(a)(i) and is exempt from the open offer requirement. Post-transaction, the promoter's stake will reduce from 56.23% to 54.41%, while the acquirer will hold 1.81% in the company.
This is a pure family restructuring within the promoter group — no cash is involved and the aggregate promoter family holding remains unchanged. Minority shareholders should see no material impact on stock price or company fundamentals.