MIDLAND POLYMERS LTD.

Midland Polymers Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is in effect from July 1, 2026, and will continue until 48 hours after the declaration of the unaudited financial results for the quarter ending June 30, 2026. The decision aligns with the company's Code of Conduct for Prevention of Insider Trading and SEBI regulations. A board meeting will be convened to approve these financial results, with a separate intimation to be sent to the stock exchange regarding the meeting notice. Designated persons and connected individuals are prohibited from trading during this period.

Navigant Corporate Advisors Limited, acting as the Manager to the Offer, has released the Offer Opening Public Announcement for the acquisition of equity shares of Midland Polymers Limited. The Pre-Offer Advertisement was published on June 2, 2026, across multiple regional and national newspapers, including Financial Express, Jansatta, Pratahkal, and Mega Jyothi, in compliance with SEBI SAST Regulations.

Navigant Corporate Advisors, manager to the open offer for Midland Polymers Ltd, submitted the Committee of Independent Directors (IDC) recommendations to BSE. The IDC recommends shareholders accept the open offer by Gayathri Boreddy, Jagannath Edla, Radha Krishna Avudari, Ahammad Amaan Shaik, and Ravi Kiran Veeramalla to acquire up to 97,50,000 equity shares (26%) at ₹10 per share. The IDC considers the offer fair and reasonable, citing the company's negative book value, negative profitability, infrequent trading, and a valuation of NIL per share by Karan Chetan Shah, Chartered Accountants.

Midland Polymers Ltd's board meeting on May 29, 2026, approved the audited financial results for the quarter and year ended March 31, 2026. They also re-appointed M/s. Pavan Reddy & Associates as Internal Auditors for FY 2026-27. The meeting took place at the company's registered office in Hyderabad and concluded at 6:30 p.m.

The committee of Independent Directors of Midland Polymers Ltd, in its meeting held on May 29, 2026, reviewed the open offer by Acquirers, as per the public announcement dated March 27, 2026, detailed public statement dated April 6, 2026, and letter of offer dated May 20, 2026. The committee concluded that the open offer is fair and reasonable.

Midland Polymers Ltd. announced audited financial results for the quarter and year ended March 31, 2026. The Board of Directors approved these results in a meeting held on May 29, 2026. Additionally, M/s. Pavan Reddy & Associates were re-appointed as Internal Auditors for the financial year 2026-27. The company's operations primarily involve trading activities, with no other reportable segments as per Ind AS 108.

Midland Polymers Ltd has scheduled a Board of Directors meeting on May 29, 2026, to consider and approve the audited financial results for the quarter and year ended March 31, 2026. The trading window for dealing in the company's securities is closed from April 1, 2026, until 48 hours after the declaration of the results, as per SEBI regulations.

Navigant Corporate Advisors, the manager to the open offer for Midland Polymers, has submitted a corrigendum to the detailed public statement. This relates to the open offer for acquisition of equity shares of Midland Polymers by Gayathri Boreddy, Jagannath Edla, Radha Krishna Avudari, Mahammad Amaan Shaik, and Ravi Kiran Veeramalla. The corrigendum updates the schedule of activities for the open offer, including revised dates for the offer opening and closure. Target Company has filed the in-principle application with BSE Limited in respect of the preferential issue, and as on date, the approval is awaited. All other terms and conditions remain unchanged.

Navigant Corporate Advisors, the manager to the offer, submitted a Letter of Offer to BSE for the equity shareholders of Midland Polymers Ltd. The offer is for the acquisition of up to 97,50,000 equity shares, representing 26% of the expanded equity and voting share capital, at a price of ₹10 per share. The acquirers include Mrs. Gayathri Boreddy, Mr. Jagannath Edla, Mr. Radha Krishna Avudari, Mr. Mahammad Amaan Shaik, and Mr. Ravi Kiran Veeramalla. This open offer is pursuant to SEBI regulations and is not conditional upon any minimum level of acceptance.

Navigant Corporate Advisors, the manager to the open offer for Midland Polymers, has submitted a corrigendum to the detailed public statement. This relates to the open offer for acquisition of equity shares of Midland Polymers by Gayathri Boreddy, Jagannath Edla, Radha Krishna Avudari, Mahammad Amaan Shaik, and Ravi Kiran Veeramalla. The corrigendum updates the schedule of activities for the open offer, including revised dates for the offer opening and closure. Target Company has filed the in-principle application with BSE Limited in respect of the preferential issue, and as on date, the approval is awaited. All other terms and conditions remain unchanged.