Document Overview

Regulatory disclosure submitted to BSE Limited regarding the results of a postal ballot conducted by Midwest Energy Limited (formerly Midwest Gold Limited). The document includes the scrutinizer's report and detailed voting results for four resolutions passed by shareholder approval.

Postal Ballot Process Details

  • Scrutinizer: CS Srikant Kumar P (Membership No. 34521/CP No: 12871) of PSK and Associates
  • Scrutinizer Appointment Date: 28-07-2026 (Board Meeting date)
  • Scrutinizer Report Submission Date: 10-09-2026
  • Postal Ballot Notice Date: 28-07-2026
  • E-voting Period: From 9:00 a.m. on Monday, August 10, 2026 to 5:00 p.m. on Tuesday, September 8, 2026
  • Newspaper Advertisement: Published in "Financial Express" (English) and "Teluguprabha" (Telugu) on August 09, 2026
  • E-voting Service Provider: Bigshare Services Private Limited
  • Regulatory Compliance: Conducted pursuant to MCA Circulars dated April 08, 2020 through September 22, 2025

Voting Results Summary

All four resolutions were passed with requisite majority through postal ballot by e-voting process.

Resolution 1: Ordinary Resolution - Share Sub-division/Split

  • Description: Sub-division/split of equity shares of the company consequentially amendment in Memorandum of Association
  • Total Votes Polled: 6,260,406 shares (100% of outstanding shares)
  • Votes in Favor: 6,260,406 shares (100%)
  • Votes Against: 0 shares (0%)
  • Number of Members Voted: 13
  • Result: Passed

Resolution 2: Special Resolution - Related Party Transaction

  • Description: Approval for Payment of Professional Consultancy Fees to Mr. Deepak Kukreti, a Related Party of the Company
  • Promoter Group Votes: 0 shares voted
  • Public Non-Institutions Votes: 249,136 shares (100% of category holdings)
  • Votes in Favor: 249,136 shares (100%)
  • Votes Against: 0 shares (0%)
  • Number of Members Voted: 12
  • Result: Passed

Resolution 3: Ordinary Resolution - Director Appointment

  • Description: Appointment of Mrs. Kollareddy Ranganayakamma (DIN: 00033569) as a Non-Executive Director
  • Total Votes Polled: 6,260,406 shares (100% of outstanding shares)
  • Votes in Favor: 6,260,406 shares (100%)
  • Votes Against: 0 shares (0%)
  • Number of Members Voted: 13
  • Result: Passed

Resolution 4: Special Resolution - Independent Director Appointment

  • Description: Appointment of Mr. Dinabandhu Mohapatra (DIN: 07488705) as an Independent Director
  • Total Votes Polled: 6,260,406 shares (100% of outstanding shares)
  • Votes in Favor: 6,260,406 shares (100%)
  • Votes Against: 0 shares (0%)
  • Number of Members Voted: 13
  • Result: Passed

Shareholding Structure

  • Total Outstanding Shares: 6,260,406
  • Promoter and Promoter Group Holdings: 6,011,270 shares (96.02%)
  • Public Non-Institutions Holdings: 249,136 shares (3.98%)
  • Public Institutions Holdings: 0 shares

Additional Information

  • Invalid Votes: 0 across all categories (Promoter, Public Institutions, Public Non-Institutions)
  • Website Disclosure: Voting results available on company website at www.midwestgoldltd.com
  • Regulatory Reference: Submitted pursuant to Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Document Signed By: Prabhat Bhamini, Company Secretary & Compliance Officer (Membership No. A69664)