Midwest Energy board changes: director and CS in 2026

What Midwest Energy disclosed in June 2026

Midwest Energy Limited has reported a series of corporate governance and compliance updates through board meeting outcomes filed under SEBI (LODR) disclosures. The changes include a fresh board appointment, a change in the Company Secretary and Compliance Officer role, and a relocation of the registered office in Hyderabad. Separately, the company also communicated upcoming board agenda items related to share capital alteration by way of sub-division of equity shares.

The disclosures are notable because they touch three areas investors usually track closely: board composition, key managerial personnel (KMP), and statutory compliance timelines. They also come in the same period when the company’s name changed from Midwest Gold Limited to Midwest Energy Limited under a scheme of amalgamation.

Board meeting on June 27, 2026: Soumya Kukreti appointed

In its outcome for the board meeting held on June 27, 2026, the company said the Board of Directors approved the appointment of Mrs. Soumya Kukreti (DIN: 01760289). The appointment is as an Additional Director in the category of Non-Executive Director, effective June 27, 2026.

The filing also includes registered office contact details in Hyderabad, Telangana, including a phone number (040-23305194), and references the Banjara Hills address as part of the disclosure text. The appointment adds to a broader set of board and leadership updates the company has made across 2025 and 2026.

Company Secretary transition: resignation and new appointment

Midwest Energy also disclosed a Company Secretary change during May and June 2026. The company announced that Mr. Girdhar Agarwal resigned as Company Secretary and Compliance Officer (Key Managerial Personnel), with the resignation effective from the close of business hours on May 31, 2026. The reason cited was personal reasons, and the company stated the resignation was disclosed to BSE under Regulation 30 of the SEBI Listing Regulations.

Subsequently, the Board, at its meeting held on Friday, June 05, 2026, approved the appointment of Ms. Prabhat Bhamini (Membership No. A69664) as Company Secretary and Compliance Officer with effect from June 05, 2026. The company cited Section 203 of the Companies Act, 2013 and Regulation 6 of the SEBI (LODR) Regulations, 2015 for the appointment.

The June 05 meeting commenced at 03:45 PM and concluded at 04:30 PM, according to the company’s filing.

Registered office shifted to Hyderabad Financial District

Along with the CS appointment on June 05, 2026, the Board also approved shifting the registered office within Hyderabad. The registered office moved from:

• 1st Floor, H.No. 8-2-684/3/25 & 26, Road No. 12, Banjara Hills, Hyderabad, Telangana, India, 500034

to:

• Midwest Energy, Floor 19, Prestige Skytech, Financial District, Nanakramguda, Hyderabad, 500032

This is a compliance-relevant update because the registered office address is used for statutory communications and filings.

Board and management names cited in disclosures

The provided board and management details list the following roles and individuals:

• Chairman and Independent Director: G. Bhaskara Rao
• Executive Director and Wholetime Director: Deepak Kukreti
• Executive Director and Wholetime Director: B S Raju
• Independent Non-Executive Director: Kothamasu Sri Surya Pratap
• Independent Non-Executive Director: Mr. Somasekhar Reddy Bhimavarapu
• Non-Executive Director: Rao Sasikanth
• Non-Executive Director: Ankireddy Rajyalakshmi
• Company Secretary and Compliance Officer: Vaibhav Chaturvedi

In separate June 2026 disclosures, the company also reported the appointment of Ms. Prabhat Bhamini as Company Secretary and Compliance Officer effective June 05, 2026, and the cessation of Mr. Girdhar Agarwal effective May 31, 2026.

Corporate actions calendar: stock split, audited results, and fund-raising agenda

The company’s corporate actions and board meeting purposes listed in the provided data include:

• June 30, 2026: Stock split
• May 29, 2026: Audited results
• May 28, 2026: Audited results (later postponed)
• February 18, 2026: To consider fund raising
• February 10, 2026: Quarterly results

The company also informed BSE that a board meeting was scheduled on June 30, 2026 to consider and approve a proposal for alteration in the share capital of the company by way of sub-division of existing equity shares.

FY26 results note: return to profit, with auditor qualification

For the financial year ended March 31, 2026, Midwest Energy reported a standalone net profit of ₹279.59 lakh, compared with a standalone net loss of ₹304.27 lakh in the previous year. The company’s board approved audited standalone and consolidated financial results at a meeting held on May 29, 2026.

The disclosure also states that statutory auditors M/s. MAJETI & CO. issued a qualified opinion relating to capitalization of expenditure under “Intangible Assets Under Development” amounting to ₹2,558.10 lakh. The reason cited was insufficient audit evidence to demonstrate that recognition criteria under Ind AS 38 were met.

Background: name change and earlier governance updates

The company stated that its name changed from Midwest Gold Limited to Midwest Energy Limited pursuant to the scheme of amalgamation. The change is referenced as effective May 25, 2026 in the provided content.

Earlier governance updates cited include the appointment of Mr. Somasekhar Reddy Bhimavarapu (DIN: 06457285) as an Additional Director (Non-Executive Independent Director) effective April 10, 2025, and shareholder regularisation for a five-year term via a special resolution passed through postal ballot on July 07, 2025.

The disclosures also mention CFO changes in April 2025. Mr. Srinivasappa Anand Reddy resigned as Chief Financial Officer with effect from April 10, 2025, and Mr. Palepu Venkatachala Ramakrishna was appointed as CFO effective April 11, 2025.

Share capital, share-swap acquisition, and promoter-linked transactions

The company reported no change in authorised share capital, which stands at ₹20,00,00,000 (₹20 crore), comprising 2,00,00,000 equity shares of ₹10 each.

It also disclosed that on November 07, 2024, the Board approved the acquisition of 4,71,59,690 equity shares representing 97.40% of Midwest Energy Private Limited by way of swap of shares. Further, shareholders approved a preferential issue through postal ballot on December 18, 2024, for issuance and allotment of up to 46,23,281 equity shares of ₹10 each at an issue price of ₹85.61 per share, for consideration other than cash (share swap), to Mr. Rama Raghava Reddy Kollareddy, described as a shareholder.

Another disclosure states that during the year under review, Midwest Limited (formerly Midwest Granite Private Limited), the erstwhile holding company of Midwest Gold Limited, divested its entire shareholding comprising 23,09,500 equity shares, representing 70.63% of the paid-up equity share capital of the company, in favour of Mr. Rama Raghava Reddy Kollareddy, promoter of Midwest Limited.

Market references: share price points cited in disclosures

The provided information includes two market price references for Midwest Energy Ltd. It states the current share price was ₹4,109.00 as of 2026-06-23. It also states Midwest Energy Ltd was trading at 3800.00 on Thu Jul 16 2026 09:59:57.

Key facts table

Why these updates matter for compliance watchers

The June 2026 filings cluster around governance and disclosure obligations under SEBI (LODR), including Regulation 30 for material events and changes in KMP. Changes to the Company Secretary and Compliance Officer role are typically treated as compliance-sensitive because the role is central to exchange filings, board processes, and corporate governance routines.

In parallel, the company’s planned discussion on sub-division of equity shares, along with the corporate actions calendar citing a stock split date of June 30, 2026, places additional attention on share capital actions. Investors generally track such events because they can change the number of shares outstanding and adjust the trading price mechanically, even though the economic value depends on the final terms and shareholder approvals, where applicable.

Conclusion

Midwest Energy’s disclosures through May and June 2026 show a clear sequence of board and KMP changes, including the appointment of Mrs. Soumya Kukreti as a Non-Executive Director effective June 27, 2026, and the appointment of Ms. Prabhat Bhamini as Company Secretary effective June 05, 2026 after the cessation of Mr. Girdhar Agarwal on May 31, 2026. The company also shifted its registered office to Hyderabad’s Financial District and signalled board-level consideration of equity share sub-division at the June 30, 2026 meeting. The next set of investor focus points, based on the company’s own calendar items, remains the June 30 corporate action agenda and follow-through disclosures to the stock exchanges.