Quarterly Result30 May 2026, 09:31 am
Midwest Energy Audited Results for FY26
AI Summary
Midwest Energy Limited (formerly Midwest Gold Limited) announced audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The board meeting, held on May 29, 2026, approved the results. Auditors, MAJETI & CO., issued a qualified opinion due to insufficient evidence regarding the capitalization of Intangible Assets Under Development amounting to ₹2558.10 Lakhs.
Key Highlights
- Audited standalone and consolidated financial results for FY26 approved.
- MAJETI & CO. issued a qualified opinion on the standalone financial results.
- Concerns raised about Intangible Assets Under Development of ₹2558.10 Lakhs.
- Statement on Utilisation of Funds raised through Preferential Issue enclosed.
Price Impact
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