Midwest Energy Board Approves Consultancy Fees, Notes Director Resignations

Midwest Energy Ltd's Board of Directors convened on July 28, 2026, approving several key decisions. The board accepted the resignations of four directors: Mr. Deepak Kukreti (Whole-time Director), Mr. Kothamasu Sri Surya Pratap (Non-Executive Independent Director), Mrs. Rajyalakshmi Ankireddy (Non-Executive Independent Director), and Mr. Sasikanth Rao (Non-Executive Director). Concurrently, the board approved the appointment of Mr. Dinabandhu Mohapatra as an Additional Director (Non-Executive, Independent) and Mrs. Kollareddy Ranganayakamma as an Additional Director (Non-Executive). The company also approved the appointment of Ms. Rama Devi Dasari as the new Chief Financial Officer, effective July 29, 2026, following the resignation of Mr. Palepu Ramakrishna Venkatachala. Additionally, the board approved professional consultancy fees of up to ₹12,50,000 per month plus GST for Mr. Deepak Kukreti, subject to shareholder approval.