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Midwest Gold LtdImportant, 21-08-2025: Company Update

21-08-2025 | 05:30 pm

Midwest Gold Limited's board has approved the merger of its wholly-owned subsidiary, Midwest Energy Private Limited, with itself. This amalgamation aims to combine their complementary businesses for more efficient operations. Midwest Gold is in mining and minerals, while Midwest Energy focuses on advanced battery packs and Battery Management Systems. The merger will not change Midwest Gold's shareholding pattern as no new shares will be issued. Midwest Gold has a net worth of Rs 92.03 Cr and Midwest Energy has a net worth of Rs 43.20 Cr. This move streamlines the company structure.

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