Midwest Gold Ltd — Important, 05-09-2025: Company Update

Midwest Gold's board has approved a preferential issue of up to 10 lakh equity shares at ₹1,500 each, aiming to raise ₹150 Cr from non-promoter investors. This move, awaiting shareholder approval, will dilute promoter shareholding from 63.15% to 57.91%. The company also appointed CS Munesh Kumar Gaur as Secretarial Auditor for five years, pending shareholder approval. This capital raise signals potential growth plans and strengthens the balance sheet.