BSECompany Update7 Oct 2026 · 7 Oct 2026, 03:53 pm

Order from Directorate General of Mine Safety

Midwest Ltd · 544587

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Midwest Ltd has received a prohibitory order from the Directorate General of Mines Safety due to a mine collapse at its Chimakurthy mine, prohibiting the extraction of minerals and employment of persons until the danger is removed.

Analysis Scores

Earnings Impact6/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk3/10
Liquidity Impact4/10
Market Sentiment2/10

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Full Announcement

Midwest Ltd - 544587 - Announcement Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Receipt Of Prohibitory Order From The Directorate General Of Mines Safety

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October 07, 2026 To, To, The Listing Department The Listing Department BSE Limited, National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Bandra (East), Mumbai – 400001 Mumbai – 400051 Scrip Code: 544587 Symbol: MIDWESTLTD Dear Sir / Madam, Subject: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Receipt of Prohibitory Order from the Directorate General of Mines Safety Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), we wish to inform you that the Company has, on 06th October, 2026 at 03.53 pm received a Prohibitory Order issued by the Director of Mines Safety, Hyderabad Region No. 3, Directorate General of Mines Safety ("DGMS"), Ministry of Labour & Employment, Government of India after a site inspection citing the collapse of a side of the mine located at Chimakurthy. The Order has been issued under Section 38(1)(B)(c) and Section 38(1)(B)(d) of the Occupational Safety, Health and Working Conditions Code, 2020 and prohibits the extraction of mineral (granite) and the employment of persons at the Company's Midwest Granite Mine at Chimakurthy, Prakasam District, Andhra Pradesh, until the danger is removed. The details required under Regulation 30 read with the SEBI Master Circular for compliance with the Listing Regulations are enclosed as Annexure A. Kindly take the same on record. Thanking you, Yours faithfully, For Midwest Limited K. Achyutanand Reddy Company Secretary Mem. No.: A44619 Annexure A S. No. Particulars Details Director of Mines Safety, Hyderabad Region No. 3, Directorate General of Mines Safety, Ministry of 1 Name of the authority Labour & Employment, Government of India The extraction of minerals (granite) and the employment of persons at the mine are prohibited, Nature and details of the action 2 except for individuals whose presence is required to taken / order passed remove the danger. At Chimakurthy, Prakasam District, Andhra Pradesh 3 Unit / location affected 06th October 2026, 03.53 pm IST 4 Date of receipt of the order A collapse of side on the northern part of our mine occurred, originating from the adjoining mine. The failure had a consequential impact on few benches within our mine, affecting their stability and resulting Details of the violation(s) / 5 in associated operational and safety concerns. contravention(s) alleged Injury / loss of life: None reported Operational: Extraction at the mine is suspended until Impact on financial, operational or the danger is removed. other activities (quantified to the 6 extent possible) The Order does not impose any fine or penalty. Yours faithfully, For Midwest Limited K. Achyutanand Reddy Company Secretary Mem. No.: A44619