Midland Polymers Limited has submitted its quarterly compliance certificate to BSE Limited, fulfilling regulatory requirements under SEBI (Depositories & Participants) Regulations, 2018 for the quarter ended March 31, 2026.

Regulatory Compliance Filing

The company filed the mandatory compliance certificate under Regulation 74(5) of SEBI regulations on April 10, 2026. The certificate was digitally signed by Vanaja Veeramreddy, Managing Director (DIN: 07019245), and submitted to BSE Limited at P.J. Towers, Dalal Street, Mumbai.

RTA Confirmation Certificate

Purva Sharegistry (India) Private Limited, the company's Registrar and Transfer Agent (SEBI Registration: INR000001112), issued the compliance certificate dated April 01, 2026. The certificate confirms adherence to prescribed timelines for dematerialisation processes and proper maintenance of member registers.

Ms. Deepali Gaonkar, Compliance Officer at Purva Sharegistry, signed the confirmation certificate, stating that all security certificates received for dematerialisation were properly processed and verified by depository participants within regulatory timelines.

Dematerialisation Activity Report

The detailed dematerialisation report for the period January 01, 2026 to March 31, 2026 shows no activity during the quarter:

Company Information

Midland Polymers Limited (CIN: L62013TS1992PLC178971) is headquartered at Plot no. 8-2-603/23/3 & 8-2-603/23, 15, 2nd Floor, HSR Summit Banjara Hills, Hyderabad, Telangana. The company maintains its corporate compliance through regular filings with stock exchanges and regulatory authorities.

The submission of this quarterly compliance certificate demonstrates the company's commitment to maintaining transparency and adhering to SEBI regulations governing depositories and participants.

Midland Polymers Limited is subject to an open offer by five acquirers seeking to purchase 97,50,000 equity shares at ₹10 per share. The offer represents a significant corporate development that will reshape the company's ownership structure and control.

Open Offer Structure and Participants

The open offer is being made by five acquirers collectively seeking to acquire 26.00% of the expanded equity and voting share capital of Midland Polymers Limited. The acquirers are led by Gayathri Boreddy, along with Jagannath Edla, Radha Krishna Avudari, Mohammad Amaan Shaik, and Ravi Kiran Veeramalla.

The offer is being made under Regulation 3(1) and 4 read with Regulation 15(1) and 13(2)(g) of SEBI (SAST) Regulations, 2011, following a proposed preferential issue that will result in the acquirers gaining control of the target company.

Acquirer Financial Strength and Background

The five acquirers bring substantial financial resources and industry experience to the transaction. Their certified net worth positions demonstrate adequate financial capacity to complete the acquisition.

CA Chidivias Batchu of Sreedhar Mohan & Associates has certified the net worth of all acquirers as on February 24, 2026. The acquirers have deposited ₹250.00 lacs in an escrow account with Kotak Mahindra Bank Limited, exceeding the required 25% of offer consideration.

Target Company Profile and Financial Position

Midland Polymers Limited was incorporated on September 01, 1992, with its registered office in Hyderabad, Telangana. The company's equity shares are listed on BSE Limited under scrip code 531597.

The company's current paid-up capital stands at ₹66.876 lacs divided into 6,68,760 equity shares of ₹10 each. The authorized capital is ₹1360.00 lacs comprising 1,36,00,000 equity shares.

Preferential Issue and Control Transfer

The open offer follows a proposed preferential allotment approved by the Board of Directors on March 27, 2026. The preferential issue involves multiple components that will significantly alter the company's capital structure.

The acquirers will subscribe to 1,49,31,240 equity shares representing 60.94% of emerging equity capital. This includes 1,05,40,500 shares through share swap against acquisition of JMRClean Energy Private Limited shares, and 43,90,740 shares for cash at ₹10 per share. Additionally, 1,00,00,000 convertible warrants will be issued to the acquirers at ₹10 per warrant.

Post preferential allotment, the acquirers will hold 2,59,31,240 equity shares constituting 69.15% of expanded equity and voting share capital, resulting in management control transfer.

Offer Timeline and Regulatory Compliance

The offer follows a structured timeline with key regulatory milestones. The detailed public statement was published on April 07, 2026, with the tendering period scheduled from May 25, 2026 to June 08, 2026.

The offer requires BSE approval for the proposed preferential issue under SEBI (LODR) Regulations, 2015. BSE Limited serves as the designated stock exchange for tendering shares, with Allwin Securities Limited appointed as the stock broker for settlement.