Resubmission pursuant to BSE email for separate filing of Statement on Impact of Audit Qualifications (Audit Report with Modified Opinion) for Standalone and Consolidated Financial Results for FY 2025-26.
Outcome of Board Meeting held on 05th June 2026: The Board of Directors at its meeting held today i.e. 05th June 2026 has inter-alia considered and approved the appointment of Ms. Prabhat Bhamini (M. No. 69664) as Company Secretary and Compliance Officer of the Company and approved the shifting of Registered Office of the Company.
Newspaper Publication with respect to Audited Standalone and Consolidated Financial Statements for the quarter and FY ended March 31, 2026.
Resignation of Company Secretary and Compliance Officer
Audited Financial Results(Standalone and Consolidated) for the quarter and year ended 31st March 2026
Outcomes of Board Meeting
Audited Financial Results for the quarter and year ended 31st March, 2026. Further, due to unavoidable circumstances, the meeting of the Board of Directors scheduled to be held on 28th May 2026 has been postponed and rescheduled to be held on 29th May 2026.
This is to inform that the name of company has been changed from Midwest Gold Limited to Midwest Energy Limited pursuant to the scheme of Amalgamation. Fresh Certificate of incorporation dated 25th may 2026 issued by ROC is enclosed.
Approval of Audited (Standalone and Consolidated) Financial Results for the Quarter and Year Ended March 31, 2026
Monitoring Agency Report from Infomerics Valuation and Rating Limited for the quarter ended March 31, 2026
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 0.24 | 0.07 | 0.00 | 0.73 | 0.00 | 0.01 | 0.26 | 0.17 | 0.00 | 0.01 | 0.00 | 4.10 |
| YOY Revenue Growth % | -75.64% | -74.07% | -100% | 255.25% | -100% | -84.76% | - | -76.43% | - | -54.39% | -100% | 2265.68% |
| Other Income | 0.02 | 0.00 | 0.00 | 0.02 | 0.02 | 0.13 | 0.38 | 0.84 | 1.50 | 1.75 | 1.92 | -2.37 |
| Total Income | 0.26 | 0.08 | 0.00 | 0.76 | 0.02 | 0.14 | 0.64 | 1.01 | 1.50 | 1.76 | 1.92 | 1.72 |
| Total Expenses + | 0.69 | 0.78 | 0.50 | 1.42 | 0.56 | 0.51 | 1.76 | 2.92 | 0.87 | 1.03 | 0.86 | 1.50 |
| Cost of Materials Consumed | 0.35 | 0.10 | 0.03 | 0.00 | 0.02 | 0.00 | 0.01 | 0.05 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee Benefit Expense | 0.11 | 0.08 | 0.04 | 0.08 | 0.05 | 0.06 | 0.05 | 0.06 | 0.04 | 0.05 | 0.05 | 0.79 |
| Other Expenses | 0.21 | 0.14 | 0.13 | 0.34 | 0.16 | 0.08 | 0.20 | 1.66 | 0.16 | 0.16 | 0.21 | 2.86 |
| Operating Profit | -0.45 | -0.71 | -0.50 | -0.69 | -0.56 | -0.50 | -1.49 | -2.75 | -0.87 | -1.02 | -0.86 | 2.60 |
| OPM % | -192% | -946.8% | 0% | -93.7% | 0% | -4414.9% | -570.3% | -1589.4% | 0% | -19707.7% | 0% | 63.4% |
| Profit Before Tax + | -0.43 | -0.71 | -0.49 | -0.67 | -0.54 | -0.37 | -1.11 | -1.91 | 0.63 | 0.73 | 1.06 | 0.22 |
| Tax Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Tax % | - | - | - | - | - | - | - | - | 0% | 0% | 0% | 0% |
| Profit After Tax | -0.43 | -0.71 | -0.49 | -0.67 | -0.54 | -0.37 | -1.11 | -1.91 | 0.63 | 0.73 | 1.06 | 0.22 |
| EPS (Basic) | -1.32 | -2.16 | -1.51 | -2.03 | -1.66 | -1.15 | -3.40 | -3.72 | 0.57 | 0.66 | 0.96 | 0.20 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Revenue from Operations | 24.46 | 0.45 | 1.05 | 1.75 | 0.12 | 0.37 |
| YOY Revenue Growth % | 5380.31% | -57.29% | -40.28% | 1317.25% | -66.68% | - |
| Other Income | 7.53 | 1.37 | 0.05 | 0.02 | 0.13 | 0.02 |
| Total Income | 31.99 | 1.82 | 1.10 | 1.77 | 0.25 | 0.39 |
| Total Expenses + | 29.20 | 5.76 | 3.39 | 8.08 | 2.26 | 2.00 |
| Cost of Materials Consumed | 0.00 | 0.07 | 0.48 | 1.33 | 0.07 | 0.22 |
| Employee Benefit Expense | 1.38 | 0.22 | 0.31 | 0.65 | 0.43 | 0.39 |
| Other Expenses | 3.77 | 2.10 | 0.82 | 4.68 | 0.91 | 0.42 |
| Operating Profit | -4.73 | -5.31 | -2.35 | -6.32 | -2.14 | -1.63 |
| OPM % | -19.3% | -1189.8% | -224.6% | -361.4% | -1730.6% | -439.7% |
| Profit Before Exceptional | 2.80 | -3.94 | -2.30 | -6.31 | -2.01 | -1.61 |
| Exceptional Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.06 |
| Profit Before Tax + | 2.80 | -3.94 | -2.30 | -6.31 | -2.01 | -1.55 |
| Tax Expense | 0.00 | 0.00 | 0.00 | 3.30 | -0.39 | -0.16 |
| Tax % | 0% | - | - | - | - | - |
| Profit After Tax | 2.80 | -3.94 | -2.30 | -9.61 | -1.62 | -1.38 |
| EPS (Basic) | 2.47 | -8.71 | -7.02 | -29.38 | -4.95 | -4.23 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Non-Current Assets + | 323.58 | 86.34 | 2.38 | 2.47 | 5.77 | 5.69 |
| Property, Plant & Equipment | 64.12 | 1.36 | 1.93 | 2.03 | 2.06 | 2.17 |
| Capital Work in Progress | 0.49 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Non-Current Investments | 62.78 | 39.57 | 0.00 | 0.00 | 0.00 | 0.00 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Intangible Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Current Assets + | 202.10 | 34.42 | 4.70 | 5.40 | 8.30 | 7.87 |
| Inventories | 0.00 | 0.00 | 1.14 | 1.86 | 1.65 | 1.79 |
| Trade Receivables | 24.72 | 0.23 | 0.40 | 0.34 | 4.01 | 5.21 |
| Cash and Cash Equivalents | 109.12 | 31.56 | 0.26 | 0.19 | 0.14 | 0.12 |
| Current Investments | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 |
| LIABILITIES & EQUITY | ||||||
| Total Equity | 423.63 | 91.40 | -23.14 | -20.82 | -11.22 | -9.60 |
| Equity Share Capital | 12.90 | 11.05 | 3.27 | 3.27 | 3.27 | 3.27 |
| Other Equity | 410.73 | 80.35 | -26.41 | -24.09 | -14.49 | -12.87 |
| Non-Current Liabilities | 15.99 | 0.15 | 0.14 | 0.09 | 0.07 | 0.06 |
| Current Liabilities | 86.07 | 29.21 | 30.07 | 28.60 | 25.22 | 23.09 |
| Total Liabilities | 102.06 | 29.36 | 30.21 | 28.69 | 25.29 | 23.15 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Cash from Operating Activities | -19.66 | -3.07 | -0.41 | -1.82 | 0.62 | 0.33 |
| Cash from Investing Activities | -279.60 | -44.31 | 0.03 | -0.12 | 0.02 | 0.10 |
| Cash from Financing Activities | 369.62 | 78.68 | 0.45 | 1.98 | -0.62 | -0.40 |
| Net Increase/Decrease in Cash | 70.36 | 31.30 | 0.07 | 0.05 | 0.01 | 0.03 |