We are enclosing herewith a copy of Notice dated September 05, 2025 convening the 35th Annual General Meeting on Tuesday September 30, 2025 at 11:00 A.M.
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Midwest Gold Limited has called its 35th AGM on September 30, 2025 at 11:00 A.M. via video conferencing. E-voting will run from September 27-29, 2025, with a cut-off date of September 23, 2025. Shareholders will vote on four items: (1) adopting audited standalone and consolidated financial statements for FY ended March 31, 2025; (2) reappointing Mr. Baladari Satyanarayana Raju (DIN: 01431440) as director, who retires by rotation; (3) appointing CS Munesh Kumar Gaur as Secretarial Auditor for five years (FY2025-26 to FY2029-30); and (4) a major preferential issue of up to 10 lakh equity shares at Rs. 1,500 per share (including Rs. 1,490 premium), raising up to Rs. 150 crore from 27 named non-promoter allottees. The largest proposed allottees are Vikasa India EIF I Fund (3,46,670 shares), Chiranjeeve Singh Saluja (1,33,330 shares), and India Emerging Giants Fund Limited (1,33,330 shares).
The proposed Rs. 150 crore preferential issue at a substantial premium of Rs. 1,490 per share signals strong investor interest and a significant capital infusion, but will dilute existing shareholders' equity. The director reappointment and secretarial auditor appointment are routine. Stock may see volatility around the AGM vote on the preferential resolution, which requires a special resolution to pass.