Acceptance of MIDC offer for allotment of Leasehold Industrial Land for setting up 5000 MTPA NdFeB permanent magnet manufacturing facility.

To, Date- 30th October 2026 BSE Limited P.J. Tower, Dalal Street, Fort MUMBAI – 400001 BSE Scrip Code: 526570 Sub: Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015: Acceptance of Offer for Leasehold Industrial Land at Butibori Ph-2 Industrial Area, Nagpur, from Maharashtra Industrial Development Corporation (MIDC). Dear Sir/Madam, Pursuant to the Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Company had applied to the Maharashtra Industrial Development Corporation (MIDC) for allotment of leasehold industrial land for setting up of 5000 MTPA Neodymium-Iron- Boron (NdFeB) permanent magnet manufacturing facility. MIDC has, vide its offer letters dated 15th October 2026, offered Plot Nos. C-1/1 and C-1 at Butibori Ph-2 Industrial Area, Nagpur, and the Board of Directors has approved acceptance of the offers. Details as required under the SEBI Master Circular on disclosure of material events/information are provided as Annexure - 1. You are requested to take the above information on record. Yours faithfully, For MIDWEST ENERGY LIMITED (Formerly Known as Midwest Gold Limited) Prabhat Bhamini Company Secretary & Compliance Officer Membership No. A69664 Encl: As above Midwest Energy Limited (Formerly Known as Midwest Gold Limited) 19th Floor, Tower-1, Prestige Skytech, Nanakramguda, Hyderabad-500032 Tel: +91 40 40733000 Email: raghav@midwestenergy.in, soumya@midwestenergy.in C IN: L13200TG1990PLC163511 Annexure - 1 Disclosures under Regulation 30 of the SEBI (LODR) Regulations, 2015 S.No Items for Disclosure Description 1 Details of immovable property Leasehold industrial land at Butibori Ph-2 Industrial Area, Nagpur, Maharashtra, as under: (a) Plot No. C-1/1, area approx. 156164.64 sq. mtrs.; (b) Plot No. C-1, area approx. 145430 sq. mtrs. Total area approx. 301594.64 sq. mtrs. 2 Name(s) of parties from whom the Maharashtra Industrial Development land will be taken on lease and Corporation (MIDC), a Government of agreement will be entered Maharashtra Undertaking, Regional Office, Nagpur 3 Purpose of entering into the Allotment of leasehold industrial land for agreement carrying on the activity of manufacture of NdFeB permanent magnets 4 Shareholding, if any, in the entity Nil with whom the agreement is executed 5 Consideration Rs. 66,35,08,208 towards total land premium for both plots, as per the plot-wise break-up given below. 6 In case of issuance of shares to the Not applicable, as no shares are issued for the parties, details of issue price, transaction. class of shares issued 7 Brief details of sellers and whether The lessor is MIDC, a statutory industrial any of the sellers belong to the development body of the Government of promoter/promoter group/group Maharashtra. None of the parties belong to companies. If yes, details thereof the promoter/promoter group/group companies. 8 Whether the transaction would No, the transaction does not fall within related fall within related party party transactions. transactions? If yes, whether the same is done at "arm's length" 9 Whether the purchase of the land Yes, the acquisition of leasehold industrial is outside Scheme of land is outside any Scheme of Arrangement Arrangement? If yes, details of the and is not part of a Scheme of Arrangement. same including compliance with Regulation 37A of LODR Regulations Midwest Energy Limited (Formerly Known as Midwest Gold Limited) 19th Floor, Tower-1, Prestige Skytech, Nanakramguda, Hyderabad-500032 Tel: +91 40 40733000 Email: raghav@midwestenergy.in, soumya@midwestenergy.in C IN: L13200TG1990PLC163511 Plot-wise break-up (referred to in item 5) Particulars Plot No. C-1/1 Plot No. C-1 Total MIDC offer letter no. (dated MIDC/RO MIDC/RO - 15/10/2026) NAGPUR/Butibori NAGPUR/Butibori Ph-2/LMS 118 Ph-2/LMS 117 Area (sq. mtrs.) 156164.64 145430.00 301594.64 Rate of premium (Rs. per sq. 2,200 2,200 - mtr.) Total land premium (Rs.) 34,35,62,208 31,99,46,000 66,35,08,208 Earnest Money Deposit, 25% 8,58,90,553 7,99,86,500 16,58,77,053 (Rs.) Thanking you, Yours faithfully, For Midwest Energy Limited (Formerly known as Midwest Gold Limited) Prabhat Bhamini Company Secretary & Compliance Officer Membership No. A69664 Midwest Energy Limited (Formerly Known as Midwest Gold Limited) 19th Floor, Tower-1, Prestige Skytech, Nanakramguda, Hyderabad-500032 Tel: +91 40 40733000 Email: raghav@midwestenergy.in, soumya@midwestenergy.in C IN: L13200TG1990PLC163511