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Board Meeting29 Jul 2026, 09:00 pm

Midwest Energy Ltd: Board Meeting Outcome - Director Resignations & Appointments

AI Summary

Midwest Energy Ltd has revised its board meeting outcome disclosure from July 28, 2026. The board took note of multiple director resignations, including Mr. Deepak Kukreti (Whole-time Director), Mr. Kothamasu Sri Surya Pratap (Non-Executive Independent Director), Mrs. Rajyalakshmi Ankireddy (Non-Executive-Non Independent Director), and Mr. Sasikanth Rao (Non-Executive Director). Concurrently, the board approved the appointment of Mr. Dinabandhu Mohapatra as Additional Director (Non-Executive, Independent) and Mrs. Kollareddy Ranganayakamma as Additional Director (Non-Executive). The company also noted the resignation of its CFO, Mr. Palepu Ramakrishna Venkatachala, and appointed Ms. Rama Devi Dasari as the new CFO. Additionally, the board approved professional consultancy fees for Mr. Deepak Kukreti, subject to shareholder approval.

Key Highlights

  • Multiple director resignations were noted by the board.
  • New directors appointed, subject to shareholder approval.
  • New Chief Financial Officer appointed.
  • Professional consultancy fees approved for a related party.
  • Board meeting also approved notice for postal ballot.