Press Release

MIDWEST LIMITED <:)a (Formerly known as Midwest Granite Private Limited) July 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 Sub: Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015: Signing of Memorandum of Understanding between Midwest Limited, Midwest Energy Limited, Non-Ferrous Materials Technology Development Centre (NFTDC) and PT Perusahaan Mineral Nasional (Persero) to collaborate on developing Critical Minerals and Rare Earth Resources in Indonesia. Ref: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Please find enclosed herewith the Press Release issued by the Company on the captioned subject. The aforesaid information is also being made available on the Company's website at www.midwest.in This is for your information and records. Thanking you, Yours faithfully, For Midwest Limited . K. Achyutanand Reddy Company Secretary & Compliance Officer M.No: A44619 Regd. Office : Level 19, Wing A, Sky One, Prestige Skytech Contact: Website : www.midwest.in Financial District, Nanakramguda, Gachibowli, 91-40-40733000 CIN: L14102TG1981PLC003317 Serilingampally, Hyderabad, Telangana, India - 500032 info@midwest.in g MIDWEST LIMITED <:)o (Formerly known as Midwest Granite Private Limited) Press Release Midwest Limited, Midwest Energy Limited, Non-Ferrous Materials Technology Development Centre (NFTDC) and PT Perusahaan Mineral Nasional (Persero) Sign Memorandum of Understanding to collaborate on developing Critical Minerals and Rare Earth Resources in Indonesia Midwest Limited is pleased to announce that it has, together with Midwest Energy Limited and the Non-Ferrous Materials Technology Development Centre ("NFTDC"), signed a Memorandum of Understanding ("MoU") with PT Perusahaan Mineral Nasional (Persero) ("PERMINAS"), Indonesia's state-owned strategic minerals enterprise. This MoU establishes a framework for the parties to evaluate potential collaboration across the rare earth value chain in Indonesia, including upstream exploration and resource assessment, mining, processing, extraction, refining and downstream manufacturing in general and Rare earth magnet production in particular. This further ares. opens up further opportunities in reluted This milestone reinforces Midwest Limited's ongoing strategy to build a meaningful presence across the rare earth value chain, complementing its existing initiatives in the sector. It marks its first structured collaboration with a Southeast Asian state-owned strategic minerals enterprise. Under the terms of this MoU, the parties shall establish a joint working group to plan and monitor the project implementation. Scope of Each Party Under the MoU, Midwest Limited, Midwest Energy Limited, and NFTDC will collaborate as a consortium, contributing complementary areas of expertise: Midwest Limited will contribute expertise in exploration, mine planning, environmental studies, mining and mineral processing operations, and the extraction and separation of rare earth clements. While Midwest Energy Limited will provide technology and operational expertise in establishing Rare earth Magnet manufacturing plant, NFTDC will provide technology, technical expertise and services across the value chain. PERMINAS will provide access to critical minerals and rare earth resources for Joint Development in Indonesia. About Midwest Limited Midwest Limited, is an India-based enterprise engaged in mining, minerals processing, and related industrial activities, with a growing presence across the rare earth and critical minerals value chain. Regd. Office : Level 19, Wing A. Sky One, Prestige Skytech Contact: Website www.midwest.in Financial District, Nanakramguda, Gachibowli, 91-40-40733000 CIN:L1 4102TG1981PLC003317 Serilingampally, Hyderabad, Telangana, India - 500032. info@midwest.in MIDWEST LIMITED � (Formerly known as Midwest Granite Private Limited) About Midwest Energy Limited Midwest Energy Limited is an India-based enterprise, engaged in rare earth permanent magnet production activities. About Non-Ferrous Materials Technology Development Centre (NFTDC) The Non-Ferrous Materials Technology Development Centre (NFTDC) is an autonomous, self-financing research and development institution operating under the aegis of the Ministry of Mines, Government of India, specializing in non-ferrous materials technology, and is part of the consortium under this MoU. About PT Perusahaan Mineral Nasional (Persero) PERMINAS is a state-owned enterprise of the Republic of Indonesia mandated to support national strategic objectives relating to the development, management, and downstream industrialization of strategic minerals. Disclaimer Certain statements that are made may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like significant changes in the economic environment in India and abroad. Actual results might differ substantially from those expressed or implied. The Company shall not be in any way responsible for any action taken based on such statements and discussions. The Company also undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances. Contact Information Investor Relations -- Go India Advisors Ms. Sana Kapoor - sana@GolndiaAdvisors.com - 81465 50469 Midwest Limited Mr. Kollareddy Ramachandra Whole-time director DIN-00060086 cs@midwest.in Regd. Office : Level 19, Wing A, Sky One, Prestige Skytech Contact: Website : www.midwest.in Financial District, Nanakramguda, Gachibowli, 91-40-40733000 CIN: L14102TG1981PLC003317 Serilingampally, Hyderabad, Telangana, India - 500032. info@midwest.in MIDWEST LIMITED � (Formerly known as Midwest Granite Private Limited) AnnexureA Details under amended Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read along with SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD­ POD2/I/3762/2026 dated 30th January, 2026. Sr.No Particulars Details 1 Name(s) of parties with whom the agreement 1. Midwest Limited is entered; 2. Midwest Energy Limited, 3. Non-Ferrous Materials Technology Development Centre ("NFTDC") 4. PT Perusahaan Mineral Nasional (Persero) ("PERMINAS"), Indonesia's state-owned strategic minerals enterprise. 2 Purpose of entering into the agreement; This MoU establishes a framework for the parties to evaluate potential collaboration across the rare earth value chain in Indonesia, including upstream exploration and resource assessment, mining, processing, extraction, refining and downstream manufacturing in general and Rare earth magnet production in particular. This further opens up further opportunities in related areas. 3 Size of agreement; Not Applicable. The MoU does not specify any monetary consideration or financial commitment at this stage. 4 Shareholding, if any, in the entity with whom The Company does not hold any shareholding in the agreement is executed; PERMINAS, and vice-versa. 5 Significant terms of the agreement (in brief) Midwest Limited will contribute expertise in special rights like right to appoint directors, first exploration, mine planning, environmental right to share subscription in case of issuance of studies, mining and mineral processing shares, right to restrict any change in capital operations, and the extraction and separation of structure etc.; rare earth elements. While Midwest Energy Limited will provide technology and operational expertise in establishing Rare earth Magnet manufacturing plant, NFTDC will provide technology, technical expertise and services across the value chain. Regd. Office : Level 19, Wing A, Sky One, Prestige Skytech Contact: Website: www.midw [Showing first 8,000 characters — download PDF for full document]