Midland Polymers Acquires JMRCLEAN Energy, Major Capital Restructuring

Midland Polymers' board approved 100% acquisition of JMRCLEAN Energy Pvt Ltd via share swap valued at ₹10.54 crore.
Three preferential issues approved: 1.05 cr shares (swap), 1.33 cr shares (cash, ~₹13.29 cr), and 1.30 cr warrants (₹13 cr).
Authorized share capital proposed to increase from ₹13.60 crore to ₹40 crore; borrowing/charge/investment limits set at ₹500 crore each.
MoA object clause overhauled to include EPC, renewable energy, defence infrastructure, and irrigation projects; EGM fixed for 25 April 2026.