Shaik Mahammad Amaan Acquires 11.89% Stake in Midland Polymers

Shaik Mahammad Amaan has acquired a substantial stake in Midland Polymers Limited through a preferential allotment. The acquisition involves 29,86,248 equity shares and 22,00,000 warrants, representing 11.89% of the total share capital before the transaction and increasing to 18.64% after the acquisition. The total diluted share capital post-acquisition stands at 2,51,20,628 equity shares. The transaction was conducted on a preferential allotment basis, with equity shares of Rs. 10/- each acquired at a conversion ratio of 1:1, redeemable by 30.07.2026.