Midland Polymers Limited has announced that its Board of Directors will convene on Tuesday, March 24, 2026, to deliberate on a significant fund raising proposal. The meeting has been scheduled in accordance with Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Fund Raising Proposal Details

The primary agenda of the board meeting centers on evaluating a comprehensive fund raising strategy through multiple financial instruments. The company plans to consider various options for capital mobilization that align with current market conditions and regulatory frameworks.

Proposed Financial Instruments

The board will evaluate multiple fund raising mechanisms to determine the most suitable approach for the company's capital requirements. The proposal encompasses several strategic options:

• Equity Shares: Direct equity issuance to raise capital
• Warrants: Convertible warrants that can be converted into equity shares
• Other Securities: Additional financial instruments as permitted under regulations
• Issuance Modes: Preferential issue, private placement, or other permissible methods

Regulatory Compliance and Approvals

The fund raising initiative will be conducted in strict adherence to applicable securities regulations. The company has outlined the necessary approval framework required for the proposed capital raising exercise.

All proposed fund raising activities will be subject to compliance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and other applicable laws. The company will seek necessary approvals from shareholders and statutory/regulatory authorities as required.

Trading Window Restrictions

In compliance with insider trading regulations, Midland Polymers has implemented trading window restrictions for all connected persons. The trading window closure demonstrates the company's commitment to maintaining market integrity during sensitive corporate developments.

The trading restrictions apply to all connected persons, officers, designated employees, insiders, directors, and their immediate relatives as specified in the company's Code of Conduct for Prevention of Insider Trading.

Midland Polymers Limited has disclosed a substantial shareholding disposal by Vanteddu Lakshmi Priya Darshini under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction represents a complete divestment of Darshini's stake in the company through an off-market sale.

Transaction Details

The disposal was executed on February 21, 2026, involving the complete sale of Darshini's equity holding in Midland Polymers Limited. The transaction was conducted through off-market channels, indicating a private sale arrangement rather than through regular stock exchange trading.

Shareholding Changes

The disposal represents a significant change in the company's shareholding pattern, with Darshini completely exiting her investment in Midland Polymers Limited. Prior to this transaction, she held a substantial stake in the company.

Company Capital Structure

Midland Polymers Limited's equity share capital remains unchanged following this transaction. The company's capital structure consists of Rs. 66,87,600 divided into 6,68,760 equity shares of Rs. 10 each. The disposal does not affect the total number of shares outstanding, as it represents a transfer of existing shares rather than any change in the company's issued capital.

Regulatory Compliance

The disclosure has been made in compliance with SEBI regulations governing substantial acquisitions and takeovers. Darshini, who is not part of the promoter or promoter group, has fulfilled her regulatory obligations by filing the prescribed Form under Regulation 29(2) with both BSE Limited and Midland Polymers Limited. The company's shares are listed on BSE Limited under scrip code 531597.