MIDLAND POLYMERS LTD.

Midland Polymers Ltd has announced its 34th Annual General Meeting (AGM) scheduled for September 24, 2026, at 12:30 p.m. The meeting will be conducted via Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The company will present the Audited Balance Sheet, Statement of Profit & Loss, and Cash Flow Statement for the financial year 2025-26. A key agenda item is the appointment of Mr. Nagabhyru Subbarao as a Non-Executive Director. The cut-off date for determining eligibility to attend the AGM is September 17, 2026. The filing also details corporate information including the Board of Directors, CFO, Company Secretary, registered office, auditors, and committee members.

Midland Polymers Ltd has announced its 34th Annual General Meeting (AGM) for the Financial Year 2025-26. The AGM is scheduled to be held on September 24, 2026, at 12:30 p.m. via Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The cut-off date for determining voting rights is September 17, 2026. The meeting will include ordinary business such as adopting the audited financial statements for FY 2025-26 and special business including the appointment of Mr. Nagabhyru Subbarao as a Non-Executive Director. The company also submitted its Annual Report for FY 2025-26.

Radha Krishna Avudari, 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, increases their total holding to 1,81,51,868 shares and instruments, representing 72.25% of the total diluted share capital. The acquisition was made on a cash and swap basis, with warrants convertible by July 29, 2026. The company's equity share capital has significantly increased post-allotment.

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.

Boreddy Gayathri, a promoter of Midland Polymers Limited, has acquired 44,79,372 equity shares and 33,00,000 warrants through a preferential allotment. This acquisition, along with shares acquired by Persons Acting in Concert (PACs), significantly increases the promoter group's holding. The total post-acquisition shareholding of the acquirer and PACs stands at 1,04,51,868 equity shares, representing 41.59% of the diluted capital, and 77,00,000 warrants, representing 30.66% of the diluted capital. The total diluted share capital of the company has increased substantially post-allotment.

Midland Polymers Ltd has announced a revised disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Ramachandra Rao Tummala has acquired 18,50,000 equity shares, representing 11.55% of the total diluted share capital, through a preferential allotment. The acquisition involved equity shares of Rs. 10 each, with a total value of Rs. 66,87,600. The shares are redeemable by July 29, 2026. This transaction increases the total diluted share capital of Midland Polymers.

Midland Polymers Limited announced its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors also approved a change in the company's name to Rare Earth Engineers Limited, subject to member approval. Additionally, the company plans to shift its registered office and has scheduled its 34th Annual General Meeting for September 24, 2026. Several key management changes were approved, including the appointment of new directors and a CFO, and the resignation of the former Managing Director and CFO.

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.

Midland Polymers Limited held a board meeting on August 12, 2026, where they considered and approved un-audited financial results for the quarter ended June 30, 2026, and the Limited Review Report. Key decisions included a proposed change of the company's name to Rare Earth Engineers Limited, shifting the registered office, and approving the Directors' Report and notice for the 34th Annual General Meeting scheduled for September 24, 2026. The board also approved several management changes, including the appointment of new directors and a CFO, and noted the resignation of the Managing Director and CFO due to a change in management post-open offer. Additionally, a reclassification of a promoter to the public category was approved.

Midland Polymers Limited announced a significant board meeting outcome on August 12, 2026. Key decisions included the approval of un-audited financial results for the quarter ended June 30, 2026, and the Limited Review Report. A major resolution was the proposed change of the company's name from Midland Polymers Limited to Rare Earth Engineers Limited, subject to member and registrar approval. The company also approved the shifting of its registered office within Hyderabad and announced the 34th Annual General Meeting scheduled for September 24, 2026. Furthermore, the board approved the appointment of three new directors and a new CFO, alongside the resignations of the Managing Director and Whole-time Director/CFO, reflecting a change in management post-open offer. Reclassification of a promoter to public category was also approved.