SECTOR
Midwest gets nod to incorporate wholly-owned subsidiary in Sierra Leone
Jan-07-2026

Midwest has received approval from Board of Directors to incorporate a wholly-owned subsidiary Company in Sierra Leone. The Company is actively exploring global opportunities to expand its HMS reserves in support of long-term growth and as a part of this initiative, Sierra Leone, a resource-rich West African nation, has been identified as a prospective location for additional HMS reserves.

Regulatory requirements in the jurisdiction necessitate the incorporation of a local entity to apply for the mineral rights. Accordingly, it is proposed to establish a wholly owned subsidiary in Sierra Leone to advance this opportunity and support its long-term growth objectives. The Board of Directors of the Company at its meeting held on January 07, 2026, has inter alia considered and approved the same. 

Midwest is India's largest producer and exporter of Black Galaxy Granite, a premium variety of granite, which has a sparkling feature with flakes of a golden hue. It is used in real estate projects for applications including countertops and vanities, flooring, cladding, bathroom walls and floors.

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