Midwest Energy Approves Unaudited Q2 FY27 Results, Subsidiary Incorporation

Midwest Energy Ltd announced that its Board of Directors, in a meeting held on November 14, 2026, approved the un-audited financial results (Standalone and Consolidated) for the quarter and half year ended September 30, 2026. The Board also approved the incorporation of a new subsidiary, 'Midwest Advanced Magnets Private Limited', focused on rare earths and advanced materials. Additionally, the company approved the allotment of 1,34,70,000 9% Non-Convertible, Non-Cumulative Preference Shares aggregating to Rs. 13,47,00,000/- to Midwest Limited, as part of a scheme of amalgamation.