Corporate Governance14 Nov 2026, 10:20 pm
Midwest Energy: Monitoring Agency Report for Preferential Issue
AI Summary
Midwest Energy Ltd has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, concerning the utilization of proceeds from its preferential issue of ₹150.00 crore. The report, issued by Infomerics Valuation and Rating Limited, indicates no deviation from the objects for which the funds were raised. The report was reviewed and noted by the Audit Committee and the Board of Directors on November 14, 2026.
Key Highlights
- Monitoring Agency Report submitted for Q2 FY27.
- No deviation in utilization of preferential issue proceeds.
- Report pertains to ₹150 crore preferential issue.
- Reviewed by Audit Committee and Board of Directors.
Price Impact
More from REMAGNET
Board Meeting1d ago, 10:00 pm
Midwest Energy Approves Unaudited Q2 FY27 Results, Subsidiary Incorporation
Board Meeting1d ago, 9:50 pm
Midwest Energy: consolidated loss widens to ₹6.37 Cr despite 11x YoY revenue surge
Board Meeting11 Nov, 7:10 pm
Midwest Energy Board Meeting on Nov 14 to Approve Q2 FY27 Results & Share Allotment