Midwest Gold Board Approves Key Management Changes

11 Apr 2025 CW Team

The Board of Directors of Midwest Gold Limited has approved a series of significant changes in its leadership structure during its board meeting held today.

As part of the decisions taken:

1. Somasekhar Reddy Bhimavarapu has been appointed as an Additional Director (Non-Executive & Independent), effective April 10, 2025. His appointment is for a term of five consecutive years, ending April 9, 2030, and is subject to shareholder approval within three months.

Reddy is a retired Indian Forest Service (IFS) officer with over 35 years of experience in forest management, environmental governance, and public policy. He has previously served as the Principal Chief Conservator of Forests and Head of Forest Force under the Government of India. An M.Sc. in Zoology from Andhra University and an MBA in Technology Management from Osmania University, Reddy continues to contribute to environmental and biodiversity initiatives post-retirement.

2. Srinivasappa Anand Reddy has resigned from his role as Chief Financial Officer and Key Managerial Personnel, with his resignation becoming effective at the close of business hours on April 10, 2025. The company has acknowledged his resignation letter and expressed gratitude for his contributions.

3. Palepu Venkatachala Ramakrishna has been appointed as the new Chief Financial Officer and Key Managerial Personnel, effective April 11, 2025.

The board meeting commenced at 3:00 PM and concluded at 4:30 PM. The company has confirmed that the necessary disclosures have been made in accordance with Regulation 30 of the SEBI Listing Regulations and the relevant SEBI circulars.

These changes mark a strategic realignment at Midwest Gold as it looks to strengthen governance and financial leadership.

(BSE)

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