Announcement • Jun 29
Midwest Energy Limited Announces Appointment of Soumya Kukreti as Additional Non-Executive Director, Effective June 27, 2026 MIDWEST ENERGY LIMITED had, at its meeting held on June 27, 2026, approved the appointment of Mrs. Soumya Kukreti (DIN: 01760289) as an Additional Non-Executive Director of the Company with effect from June 27, 2026, and she shall hold office up to the date of the ensuing Annual General Meeting of the Company. Mrs. Soumya Kukreti is a dynamic business leader with over 18 years of experience across mining, clean energy, advanced materials, hydrogen technologies, powder metallurgy, and e-mobility. She has been serving as a Whole-time Director of Midwest Limited since 2012, contributing significantly to the Company's growth, innovation, and strategic expansion. She holds a Bachelor's degree in Commerce from Osmania University. She has played a key role in establishing the Group's diamond tools manufacturing operations in Sri Lanka and has led initiatives to strengthen the backward integration of its mining business through technology and research-driven development. Mrs. Kukreti is providing strategic leadership in the areas of clean energy, advanced materials, rare earths, hydrogen technologies, and sustainable solutions. She has been instrumental in driving business development, operational excellence, technology-led innovation, and the successful execution of strategic initiatives. Reported Earnings • May 31
Full year 2026 earnings released: ₹12.67 loss per share (vs ₹12.36 loss in FY 2025) Full year 2026 results: ₹12.67 loss per share (further deteriorated from ₹12.36 loss in FY 2025). Net loss: ₹140.1m (loss widened 150% from FY 2025). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 443% per year, which means it is tracking significantly ahead of earnings growth.