Midwest Ltd

Midwest Other Announcement

Midwest Limited informed exchanges about the dispatch of physical letters to shareholders with unregistered emails, providing links to the 45th AGM notice and Annual Report.

Midwest Annual Report

Midwest Ltd has filed its Annual Report for FY 2025-26 and the notice for its 45th Annual General Meeting. This report is now available to shareholders.

Midwest Annual General Meeting

Midwest Ltd has issued a notice convening its 45th Annual General Meeting to be held on September 28, 2026, through video conferencing.

Midwest Announces New Order Win

Midwest Limited accepted a Letter of Intent from APMDC for granite quarry operations in Andhra Pradesh. No financial consideration was specified for these contracts.

Midwest Earnings Call Transcript: Key Takeaways

Midwest Ltd reported strong growth in Granite but faced margin pressure from extreme diesel price volatility. Management is pivoting toward higher-margin Rare Earths and Quartz expansion to diversify revenue.

Call

Guides 30% growth

Midwest Investor Presentation: Key Takeaways

Midwest Limited delivered strong Q1FY27 results with 35% YoY revenue growth. The company is pivoting from granite dominance toward high-growth verticals like Quartz and Rare Earth Materials.

Call

Guides 150% growth

Midwest Management Change

Midwest Limited has announced the appointment of a Secretarial Auditor and the reappointment of its Internal and Cost Auditors for the current term.

Midwest Other Announcement

Midwest Limited announced the appointment of internal, secretarial, and cost auditors for the company. These appointments are routine compliance and corporate governance filings.

Midwest Q1 FY27 Results: Net Profit ₹31 Cr, Up 27.0% YoY

Midwest Ltd reported revenue from operations of ₹191.8 Cr (+34.8% YoY) and net profit of ₹31 Cr (+27.0% YoY) for Q1 FY27.

Key figure

Net profit ₹31 Cr · +27.0% YoY

Midwest Credit Rating

CRISIL Ratings reaffirmed the corporate credit rating of Midwest Limited as CRISIL A/Stable. It also assigned ratings to the company's bank loan facilities.

Midwest Board Meeting Date

Midwest Limited has scheduled a Board Meeting for 12th August, 2026, to consider and approve the standalone and consolidated financial results for the quarter ended 30th June, 2026.

Midwest Merger & Restructuring

Midwest Limited signed an international MoU with PERMINAS and others for rare earth collaboration in Indonesia. No monetary consideration is involved at this stage.

Midwest Business Update

Midwest Ltd signed an MoU with Indonesian state enterprise PERMINAS for rare earth collaboration. No financial commitment is made at this preliminary stage.

Midwest Earnings Call: Key Takeaways

Midwest Ltd reported FY26 revenue of ₹645cr (3% growth) with EBITDA at 27.01%. Strategy shifts toward Quartz and Rare Earth oxides alongside core granite operations.

Midwest Other Announcement

Midwest Limited submitted its Annual Secretarial Compliance Report for FY 2025-26. The auditor reported no material non-compliances or actions taken by SEBI during the period.

Midwest Fund Raise of ₹2,010 Cr

Midwest Limited reported zero deviation in utilizing its ₹201 Crore IPO proceeds for the March 2026 quarter. This confirms funds are being deployed per stated objectives.

Value

₹2,010 Cr

Midwest Earnings Call: Key Takeaways

Midwest Ltd reported stable FY26 revenue of ₹645.62cr with 27% EBITDA margins. The company is diversifying from its granite leadership into quartz and rare earth materials.

Midwest Earnings Call: Key Takeaways

Midwest Ltd reported modest 3% annual revenue growth with stable granite margins but faced significant Q4 logistics headwinds and initial cost pressures from its new high-purity quartz (HPQ) segment expansion.

Midwest Management Change

Midwest Limited appointed Mr. K. Achyutanand Reddy as Company Secretary and Compliance Officer. This strengthens the company's executive leadership and regulatory compliance framework.

Midwest Q4 FY26 Results: Net Profit ₹37 Cr, Down 23.7% YoY

Midwest Ltd reported revenue from operations of ₹215.8 Cr (-6.3% YoY) and net profit of ₹37 Cr (-23.7% YoY) for Q4 FY26.

Key figure

Net profit ₹37 Cr · -23.7% YoY

Midwest Financial Results

Midwest Ltd reported its FY2026 financial results and appointed Mr. K. Achyutanand Reddy as Company Secretary. The board approved audited standalone and consolidated statements.

Midwest Board Meeting Date

Midwest Limited scheduled a board meeting for May 26, 2026, to approve audited annual financial results. The trading window remains closed for all designated persons.

Midwest Announces New Order Win

Midwest Limited was selected by KMML to execute a pilot project for extracting rare earth elements. The company will invest 100% capital for setup within six months.

Execution

6 months

Midwest Partnership

Midwest Limited has been selected as the Lead Consortium Partner by Kerala Minerals and Metals Ltd. (KMML) for a strategic Rare Earth Elements pilot project. The project involves processing monazite-rich tailings to produce high-purity rare earth compounds. Midwest will undertake 100% of the capital investment, with the pilot facility expected to be commissioned within six months of approvals.

Execution

Pilot facility to be commissioned within 6 months from receipt of approvals (extendable by 3 months).

Midwest Announces New Order Win

Midwest Limited was selected as the Lead Consortium Partner by KMML for a rare earth elements pilot project. The project involves processing monazite-rich tailings and requires 100% capital investment by the company. The facility is expected to be commissioned within six to nine months, marking a strategic entry into the REE processing sector.

Execution

6 months (extendable by up to 3 months)

Midwest Management Change

Midwest Limited announced the resignation of Mr. Rohit Tibrewal as Company Secretary and Compliance Officer, effective April 30, 2026. The departure is classified as a cessation due to resignation. The company is now in the process of identifying a suitable replacement for the KMP role.

Midwest Management Change

Midwest Limited announced the resignation of Mr. Rohit Tibrewal as Company Secretary and Compliance Officer (Key Managerial Personnel), effective April 30, 2026. He is stepping down due to personal reasons. The company is in the process of complying with SEBI Listing Regulations regarding the departure.

Midwest Promoter Buying (Off-Market)

Midwest Limited promoter Mrs. Kollareddy Ranganayakamma acquired 14,08,851 shares (3.90%) via gift from Mr. Rama Raghava Reddy Kollareddy on April 22, 2026. This internal inter-se transfer among immediate relatives leaves the aggregate promoter group shareholding unchanged at 64.10%.

Midwest Promoter Buying (Off-Market)

Kollareddy Ranganayakamma, a promoter group member of Midwest Limited, acquired 14,08,851 shares (3.90%) via an inter-se gift from a promoter. This internal transfer increases her holding to 4.68%. The transaction represents a restructuring of existing holdings within the promoter group with no change in aggregate promoter control.

Midwest Promoter Buying (Off-Market)

Midwest Limited promoter group member Mrs. Kollareddy Rama Raghava Reddy acquired 14,08,851 shares (3.90%) via an inter-se gift from another promoter group member. Total promoter group holding remains constant at 64.10% post-transaction. This internal restructuring does not impact the company's overall control or market equity supply.