Meeting Details

  • Type of Meeting: 45th Annual General Meeting (AGM)
  • Date: September 28, 2026
  • Time: 11:00 AM to 12:15 PM
  • Location: Conducted through Video Conference/Other Audio Visual Means (OVAM) provided by NSDL
  • Record Date: September 21, 2026

Proposed Resolutions and Implications

All six resolutions set out in the AGM notice were duly passed by members with requisite majority:

1. Resolution 1: Adoption of Audited Standalone Financial Statements for FY ended March 31, 2026, including reports of Board of Directors and Auditors

2. Resolution 2: Adoption of Audited Consolidated Financial Statements for FY ended March 31, 2026, including report of Auditors

3. Resolution 3: Re-appointment of Mrs. Uma Priyadarshini Kollareddy (DIN: 02736184) as Whole Time Director who retires by rotation

4. Resolution 4: Ratification of remuneration to Cost Auditors (M/s PKR & Associates LLP) for FY 2026-27 at ₹1,25,000 plus applicable taxes

5. Resolution 5: Appointment of Secretarial Auditor (M/s. B S S & Associates) for five consecutive years from FY 2026-27 to FY 2030-31

6. Resolution 6: Continuation of appointment of Mr. Rana Som (DIN: 00352904) as Independent Director notwithstanding attaining age of 75 years

7. Resolution 7: Change in designation of Mrs. Soumya Kukreti (DIN: 01760289) from Whole-Time Director to Non-Executive Director

Voting Process and Methods

  • Remote e-voting period: September 25, 2026 (9:00 AM) to September 27, 2026 (5:00 PM)
  • E-voting during AGM: Provided for shareholders who hadn't voted remotely
  • Voting facility provider: National Securities Depository Limited (NSDL)
  • Cut-off date for voting entitlement: September 21, 2026
  • Total shareholders on record date: 20,441

Key Voting Outcomes

Overall Participation

  • Total votes cast across all resolutions: 31,788,031 shares (87.91% of outstanding shares)
  • Number of shareholders voted: 88
  • Physical attendance:
  • Promoters: 0
  • Public: 0
  • Video conference attendance:
  • Promoters: 4
  • Public: 46

Resolution-wise Results

Resolution 1 (Standalone Financial Statements)

  • Total votes: 31,787,998 in favor (99.9999%), 33 against (0.0001%)
  • Promoter group: 27,885,344 votes (100% in favor)
  • Public institutions: 3,897,787 votes (100% in favor)
  • Public non-institutions: 4,900 votes (99.33% in favor, 0.67% against)

Resolution 2 (Consolidated Financial Statements)

  • Total votes: 31,787,998 in favor (99.9999%), 33 against (0.0001%)
  • Same breakdown as Resolution 1

Resolution 3 (Director Re-appointment)

  • Total votes: 31,787,998 in favor (99.9999%), 33 against (0.0001%)
  • Same breakdown as Resolution 1

Resolution 4 (Cost Auditor Remuneration)

  • Total votes: 31,787,998 in favor (99.9999%), 33 against (0.0001%)
  • Same breakdown as Resolution 1

Resolution 5 (Secretarial Auditor Appointment)

  • Total votes: 31,787,974 in favor (99.9998%), 57 against (0.0002%)
  • Promoter group: 27,885,344 votes (100% in favor)
  • Public institutions: 3,897,787 votes (100% in favor)
  • Public non-institutions: 4,900 votes (99.33% in favor, 0.67% against)

Resolution 6 (Independent Director Continuation)

  • Total votes: 31,672,666 in favor (99.6371%), 115,365 against (0.3629%)
  • Promoter group: 27,885,344 votes (100% in favor)
  • Public institutions: 3,897,787 votes (97.04% in favor, 2.96% against)
  • Public non-institutions: 4,900 votes (99.04% in favor, 0.96% against)

Resolution 7 (Designation Change)

  • Total votes: 31,631,019 in favor (99.6366%), 115,351 against (0.3634%)
  • Promoter group: 27,885,344 votes (100% in favor)
  • Public institutions: 3,856,126 votes (97.01% in favor, 2.99% against)
  • Public non-institutions: 4,900 votes (99.33% in favor, 0.67% against)

Scrutinizer's Role and Findings

  • Scrutinizer: S. Srikanth of M/S. BSS & ASSOCIATES
  • Qualification: Company Secretary (Membership No. 22119)
  • Appointment date: August 12, 2026
  • Report issuance date: September 29, 2026
  • The scrutinizer verified remote e-voting and e-voting during AGM in fair and transparent manner
  • Votes were unblocked in presence of two witnesses not employed by the company
  • No invalid votes were recorded across any resolution categories

Compliance Confirmation

  • Compliance with Section 108 of Companies Act, 2013 and Rule 20 of Companies (Management and Administration) Amendment Rules, 2015
  • Compliance with SEBI (LODR) Regulations, 2015
  • Notice dated August 12, 2026 was sent to shareholders through electronic mode

Additional Information

  • Voting results available on company website (www.midwest.in), NSDL website (www.evoting.nsdl.com), and BSE website (www.bseindia.com)
  • Company CIN: L14102TG1981PLC003317
  • Company address: Level 19, Wing A, Sky One, Prestige Skytech, Financial District, Nanakramguda, Telangana, India, 500032
  • Scrutinizer address: Flat No. 5A, Parameswara Apartments, Beside SBI, Anandnagar, Khairatabad, Hyderabad-500 004