Midland Polymers: Promoter Acquires 14.99% Stake via Preferential Allotment

Gudapu Reddy Sreedar Reddy, a promoter of Midland Polymers Limited, has acquired 24,00,000 equity shares, representing 14.99% of the total share capital, through a preferential allotment. This acquisition increases his total holding to 24,37,850 shares, or 15.22% of the company's total voting capital. The transaction was executed on July 30, 2026. The company's equity share capital has significantly increased post-acquisition, reflecting the issuance of new shares.