Midwest Energy Ltd Approves Sub-Division of Equity Shares, Reduces Face Value from Rs 10 to Rs 1
Midwest Energy Limited, formerly known as Midwest Gold Limited, announced that its Board of Directors approved a significant sub-division and split of its equity shares. The decision was made during the Board meeting held on June 30, 2026, with the objective of enhancing liquidity and encouraging wider participation among retail investors by making the equity shares more affordable.The company approved the transformation of its existing Equity Shares, which have a face value of Rs 10/-, into new equity shares having a face value of Rs 1/- each. This sub-division is subject to subsequent shareholder approval. Concurrently, the Board also approved consequential alterations to Clause V of the Memorandum of Association to reflect this change in the share structure.
The Approved Split Ratio is set at 1:10, meaning one equity share having a face value of Rs 10/- will be converted into ten equity shares, each with a face value of Rs 1/-.
A detailed look at the company's capital structure before and after the approved split reveals substantial changes in shares and paid-up capital, as outlined below:
| Particulars | Pre-Split Structure | Post-Split Structure |
|---|---|---|
| Authorized Share Capital | 2,00,00,000 Shares (FV Rs 10) | 2,00,00,000 Shares (FV Rs 1) |
| Issued Share Capital | 1,29,72,196 Shares (FV Rs 10) | 12,97,21,960 Shares (FV Rs 1) |
| Subscribed Share Capital | 1,29,72,196 Shares (FV Rs 10) | 12,97,21,960 Shares (FV Rs 1) |
| Paid-up Share Capital | 1,29,72,196 Shares (FV Rs 10) | 12,97,21,960 Shares (FV Rs 1) |
The rationale provided for the share split emphasizes improving market liquidity and increasing affordability for retail investors.
Details regarding the completion of this process are subject to shareholder approval and receipt of any necessary statutory or regulatory clearances. The record date for determining the eligibility of shareholders for the sub-division/split is yet to be intimated separately.
Stock Price Movement
At 14:02, Midwest Gold Ltd is shedding value, with shares trading down by 4.29% and currently priced at ₹4395.00. The stock has experienced volatility today, having moved within an intraday range bounded by a high of ₹4583.60 and a low of ₹4380.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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