Midwest Ltd

Midwest Ltd Allocates ₹257.55M for Equipment Expansion & ₹32.56M for Solar Integration ⚡📊

• IPO raised ₹2,500 million (excluding OFS portion of ₹2,010 million) on October 20, 2025.

• Funds allocated include: investment in subsidiary Midwest Neostone (₹1,302.98 million), capital expenditure on equipment (₹257.55 million), solar integration (₹32.56 million), debt repayment (₹562.23 million), general corporate use (₹90.77 million), and issue expenses (₹253.91 million).

• Partial utilization so far: ₹543.28 million on debt repayment, ₹74.57 million for general purposes, and ₹174.35 million on issue expenses; other categories show no utilization yet.