Midwest Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32

Midwest Limited has filed a NIL statement of deviation under Regulation 32, confirming that IPO proceeds of Rs 2,500 million (raised in October 2025) were utilized as per the disclosed objects during Q4 FY2026. The Audit Committee reviewed utilization on May 13, 2026. One minor reallocation was made: Rs 50.16 million from issue expenses was moved to General Corporate Purposes since actual offer-related expenses came in lower than estimated. GCP utilization now stands at Rs 85.73 million out of the modified Rs 140.93 million allocation. Key deployments include Rs 543.28 million for debt repayment and Rs 17.80 million invested as loans to subsidiaries for capital expenditure.