Outcome of the Board Meeting held on 15th October, 2026.

October 15, 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, Sub.: Outcome of the Board Meeting Pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we hereby inform you that the Board of Directors of the Company at its meeting held today, i.e. Thursday, October 15, 2026, has, inter alia: 1. Approved the establishment of a wholly owned subsidiary of the Company in the Republic of Singapore ("Singapore WOS"), to act as an intermediate holding and investment entity for the Company's overseas operations. Annexure A The meeting of the Board of Directors commenced at 05.00 P.M. and concluded at 05.31 P.M. This is for your information and record. Thanking you, Yours faithfully, For Midwest Limited K. Achyutanand Reddy Company Secretary & Compliance Officer M. No.: A44619 Annexure A Details of incorporation of Wholly Owned Subsidiary in Singapore, as required under Regulation 30 of the Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated 30th January, 2026 Particulars Details Sl. No 1 Name of the entity, date & Country of Incorporation: Republic of Singapore. country of incorporation, etc.; Name and Date of Incorporation: not applicable, as the entity is yet to be incorporated. 2 Name of holding company of Not applicable, as the entity is yet to be incorporated. the incorporated company and relation with the listed entity; 3 Industry to which the entity Overseas holding and investment company for mining of being incorporated belongs; heavy mineral sands and rare earth materials, mineral trading, mineral processing and related activities. 4 Brief background about the Not applicable, as the entity is yet to be incorporated. entity incorporated in terms of products / line of business; 5 Brief details of any Incorporation with ACRA, Singapore. Overseas direct governmental or regulatory investment under the automatic route in terms of the approvals required for the Foreign Exchange Management Act, 1999 and the incorporation; Foreign Exchange Management (Overseas Investment) Rules and Regulations, 2022, through the Authorised Dealer Bank, including filing of Form ODI / FC and other prescribed reporting. 6 Nature of consideration - Cash, by way of subscription to equity share capital whether cash consideration or and/or other permissible instruments. share swap and details of the same; 7 Cost of subscription / price at The investments shall be made from time to time, as which the shares are required for the execution and implementation of the subscribed; projects. 8 percentage of shareholding / 100% of the share capital will be held by the Company. control by the listed entity and / or number of shares allotted.