Midland Polymers Seeks 3x Capital Hike and Preferential Allotment

Midland Polymers Limited has called an Extraordinary General Meeting on 25th April 2026 to seek shareholder approval for a threefold increase in authorized share capital from Rs.13.6 crores to Rs.40 crores.
The company proposes to issue equity shares on a preferential basis to acquire JMRCLEAN Energy Private Limited and to raise funds through a preferential cash issue and convertible warrants.
Shareholders will also vote on increasing borrowing limits, creating charges on assets, altering the object clause, and appointing an independent director.