Midwest MD, chairman, board of directors and AGM
NSE: MIDWESTLTDBSE: 544587Consumer DurablesSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹1,100.95.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹3,927 Cr797th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 12 Aug 2026
- 35.4
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 26 May 2026
- 4.1
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonesince listing in Oct 2025
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the latest balance sheet's; the one a year before is not on record. The filing of 12 Aug 2026
- 11.5%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 12 Aug 2026
- 13.1%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 26 May 2026
- 0.18
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 32,62552.1% delivered
Midwest board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonRana Som
- Company Secretary and Compliance OfficerK. Achyutanand Reddy
6 directors3 independent3 executive
- Rana Som · ChairpersonIndependent · joined Sep 2024 · reappointed Sep 2024 · 21 months as independent · 2 listed boards · 2 as independent · 7 committee seats, 5 as chair
- Duvva Pavan KumarIndependent · joined Sep 2024 · reappointed Sep 2024 · 21 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Smita Amol LahotiIndependent · joined Sep 2024 · reappointed Sep 2024 · 21 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 as chair
- Kollareddy RamachandraExecutive · joined Apr 2004 · 1 listed board · 1 committee seat
- Kukreti SoumyaExecutive · joined Oct 2012 · 2 listed boards · 1 committee seat
- Uma Priyadarshani KollareddyExecutive · joined Dec 2022 · 1 listed board · 1 committee seat
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 26 May 20266 of 6 present3 independent
- 25 Apr 20266 of 6 present3 independent · 71 days in between
- 12 Feb 20266 of 6 present3 independent · 35 days in between
- 7 Jan 20266 of 6 present3 independent
Audit Committee
Chair Smita Amol Lahoti
Rana Som, Duvva Pavan Kumar
- 26 May 20263 of 3 present3 independent · 12 days in between
- 13 May 20263 of 3 present3 independent · 89 days in between
- 12 Feb 20263 of 3 present3 independent
Nomination and remuneration committee
Chair Duvva Pavan Kumar
Rana Som, Smita Amol Lahoti
- 26 May 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair Rana Som
Kukreti Soumya, Uma Priyadarshani Kollareddy, Duvva Pavan Kumar, Smita Amol Lahoti
No meeting listed in the filing.
Risk Management Committee
Chair Duvva Pavan Kumar
Kollareddy Ramachandra, Rana Som, Smita Amol Lahoti
No meeting listed in the filing.
Corporate Social Responsibility Committee
Chair Smita Amol Lahoti
Kollareddy Ramachandra, Kukreti Soumya, Uma Priyadarshani Kollareddy
No meeting listed in the filing.
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Jun 2026.
- M/s. M S K A & Associates LLPPeer-review certificate valid to Jul 2027
1 earlier auditor
- M S K A & Associates LLPNamed in the filing for the quarter to Mar 2026
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Midwest AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Midwest share news and announcements
Annual general meeting, 28 Sep 2026
20,441 shareholders on the register on 21 Sep 2026; present: 4 promoters and 46 others; votes counted by S. SRIKANTH / M/S. BSS & ASSOCIATES.The company's voting result (opens in a new tab)
- Adoption of the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.67%
Turnout: all 87.91% · promoters 100.00% · institutions 99.87% · other public 0.11%
- Adoption of the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.67%
Turnout: all 87.91% · promoters 100.00% · institutions 99.87% · other public 0.11%
- To appoint a director in place of Mrs. Uma Priyadarshini Kollareddy (DIN: 02736184), Whole Time Director, who retires by rotation and being eligible, offers herself for re-appointmentOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.67%
Turnout: all 87.91% · promoters 100.00% · institutions 99.87% · other public 0.11%
- Ratification of remuneration to Cost Auditors for the financial year 2026-2027Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.67%
Turnout: all 87.91% · promoters 100.00% · institutions 99.87% · other public 0.11%
- To appoint Secretarial Auditor of the Company.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.67%
Turnout: all 87.91% · promoters 100.00% · institutions 99.87% · other public 0.11%
- Continuation of Appointment of Mr. Rana Som (DIN: 00352904) as an Independent Director of the Company Notwithstanding Attaining the Age of 75 YearsSpecial99.64% for0.36% against
Against: promoters 0.00% · institutions 2.96% · other public 0.96%
Turnout: all 87.91% · promoters 100.00% · institutions 99.87% · other public 0.11%
- Change in Designation of Mrs. Soumya Kukreti (DIN: 01760289) from Whole-Time Director to Non-Executive Director of the CompanyOrdinary99.64% for0.36% against
Against: promoters 0.00% · institutions 2.99% · other public 0.67%
Turnout: all 87.79% · promoters 100.00% · institutions 98.80% · other public 0.11%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it
Mutual fund votes, meeting of 28 Sep 2026, 2 fund houses so far (houses' deadline to file 15 Oct 2026)
- Adoption of the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 20262 for0 against
- Adoption of the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 20262 for0 against
- To appoint a director in place of Mrs. Uma Priyadarshini Kollareddy (DIN: 02736184), Whole Time Director, who retires by rotation and being eligible, offers herself for re-appointment2 for0 against
- Ratification of remuneration to Cost Auditors for the financial year 2026-20272 for0 against
- To appoint Secretarial Auditor of the Company.2 for0 against
- Continuation of Appointment of Mr. Rana Som (DIN: 00352904) as an Independent Director of the Company Notwithstanding Attaining the Age of 75 Years2 for0 against
- Change in Designation of Mrs. Soumya Kukreti (DIN: 01760289) from Whole-Time Director to Non-Executive Director of the Company2 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Dec 2025. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Public IssuesOct 2025, checked by CRISIL Rating Limited | 250.00 | Investment in Midwest Neostone, our wholly owned subsidiary, by way of a loan, towards funding capital expenditure for the Phase II Quartz Processing Plant | 130.30 | 0.00 | No |
| Public IssuesOct 2025, checked by CRISIL Rating Limited | 250.00 | Capital expenditure for purchase of Electric Dump Trucks to be used by our Company and investment in APGM, our Material Subsidiary, by way of a loan, for purchase of Electric Dump Trucks | 25.76 | 0.00 | No |
| Public IssuesOct 2025, checked by CRISIL Rating Limited | 250.00 | Capital expenditure for integration of solar energy at certain Mines of our Company | 3.26 | 0.00 | No |
| Public IssuesOct 2025, checked by CRISIL Rating Limited | 250.00 | Pre-payment/repayment of, in partor full, certain outstanding borrowings of our Company and investment in APGM, by way of a loan, for prepayment/ repayment of, in part or full, certain outstanding borrowings of APGM | 56.22 | 54.33 | No |
| Public IssuesOct 2025, checked by CRISIL Rating Limited | 250.00 | General corporate purposes | 9.08 | 7.46 | No |
| Public IssuesOct 2025, checked by CRISIL Rating Limited | 250.00 | Issue related expenses | 25.39 | 17.44 | No |