Midwest Gold Ltd — Important, 15-05-2026: Company Update

Midwest Gold Limited has released the Monitoring Agency Report on the utilization of proceeds from its Preferential Issue. The report, prepared by Infomerics Valuation and Rating Limited, confirms that the Rs. 150.00 crore raised has been utilized strictly as intended, with "Nil" deviation from the stated objects. This is a positive update for shareholders, indicating the company's commitment to transparent fund deployment and adherence to its announced business objectives. It reinforces confidence in the management's financial stewardship.