Shaik Mahammad Amaan Acquires 29.86 Lakh Shares & 22 Lakh Warrants in Midland Polymers

Shaik Mahammad Amaan, a promoter of Midland Polymers Limited, has acquired 29,86,248 equity shares and 22,00,000 warrants through a preferential allotment. This acquisition, along with PACs Radha Krishna Avudari and Boreddy Gayathri, increases their collective holding to 72.25% of the total diluted share capital. The equity shares were acquired on a cash and swap basis, and the warrants are convertible into equity shares. The transaction was completed via preferential allotment, with the warrants having a conversion timeline until July 29, 2026.