Midland Polymers Open Offer 26% Stake Acquisition

• Five acquirers launch open offer for 97.5 lakh shares (26%) of Midland Polymers Ltd at Rs. 10/share, totaling Rs. 9.75 crore.
• Offer triggered by Board-approved preferential allotment of 2,38,31,240 equity shares and 1,30,00,000 convertible warrants on 27 March 2026.
• Post-transaction, acquirers will jointly hold 69.15% of expanded equity capital; existing promoter reclassified as public shareholder.
• EGM for member approval scheduled on April 25, 2026; Detailed Public Statement to be published on or before April 07, 2026.