Midland Polymers: Promoter Reclassified to Public Category

Midland Polymers Limited announced a significant change in its shareholding structure following a board meeting on August 12, 2026. Mr. Gudapu Reddy Sreedar Reddy has been reclassified from the Promoter Category to the Public Category. This reclassification is a consequence of the completion of an open offer and a subsequent change in the control and management of the company. The board meeting also approved un-audited financial results for the quarter ended June 30, 2026, a change of company name to Rare Earth Engineers Limited, shifting of the registered office, and appointments of new directors and CFO.