Midland Polymers Ltd (MIDPOLY) Announcements - Latest Exchange Filings with AI Summaries
Latest corporate announcements filed by Midland Polymers Ltd on NSE and BSE, with an AI summary of each filing.
Resignation Letters
Others (Uncategorized) · 03 Nov 2026, 3:28 am
Board-Level Resignations at Rare Earth Engineers Limited Rare Earth Engineers Limited has submitted the resignation letters of Whole-time Director Mahammad Amaan Shaik and Chairman & Managing Director Prashanth Reddy Loki Reddy. Both resignations took effect on 30th Oct'26, with professional commitments cited as the primary reason for departure. Both outgoing directors confirmed there were no other material reasons behind their resignations.
Outcome of Board Meeting held on 30.10.2026
Others (Uncategorized) · 30 Oct 2026, 11:55 pm
Rare Earth Engineers Reconstitutes Board and Cancels Convertible Warrants Rare Earth Engineers approved the redesignation of Nagabhyru Subbarao as Chairman and Managing Director and appointed Harikrishna Choudary Popuri as Whole-time Director, each for three-year terms effective 30th Oct'26, subject to shareholder approval. Concurrently, Prashanth Reddy Loki Reddy (CMD) and Mahammad Amaan Shaik (WTD) resigned effective 30th Oct'26. The board approved the cancellation of 91,00,000 convertible warrants at the request of promoter and non-promoter allottees. An EGM is scheduled on 10th Dec'26 to approve these appointments and a related-party investment in subsidiary JMR Clean Energy.
Outcome of Board Meeting held on 22.10.2026
Outcome · 23 Oct 2026, 12:39 am
Rare Earth Engineers Reports Q2 FY27 Results and JMR Clean Energy Acquisition Rare Earth Engineers reported consolidated Q2 revenue from operations of ₹1,510.22 lakhs with a net profit of ₹68.21 lakhs, recovering from a net loss of ₹1.10 lakhs in the year-ago period. Basic EPS stood at ₹1.13. On a standalone basis, the company posted zero operating revenue and a net loss of ₹30.09 lakhs. Growth was driven by the acquisition of a 70% stake in JMR Clean Energy effective 29th Jul'26, funded via the allotment of 73.78 lakh equity shares.
Unaudited Standalone and Consolidated Financial Results for the Quarter and Half-Year ended 30.09.2026
Financial Result · 23 Oct 2026, 12:36 am
Midland Polymers Ltd - Financial Result for the Quarter ended 30th Sep'26 (Consolidated, INR Lakh) ■ Revenue: 1,510 ■ EBITDA: 133 (Loss to Profit YoY | Loss to Profit QoQ) ■ EBITDA Margin (%): 8.8 ■ PAT: 68.2 (Loss to Profit YoY | Loss to Profit QoQ) ■ EPS (INR): 0.74 (Loss to Profit YoY | Loss to Profit QoQ)
Midland Polymers Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 17/10/2026 ,inter alia, to consider and approve 1. Unaudited Financial Results ....
Intimation · 17 Oct 2026, 5:30 am
Rare Earth Engineers Schedules Board Meeting for Q2 FY27 Financial Results Rare Earth Engineers Limited (formerly Midland Polymers Limited) will convene a Board of Directors meeting on 17th Oct'26 at its Hyderabad registered office. The board will consider and approve the standalone and consolidated unaudited financial results alongside the limited review report for the quarter and half-year ended 30th Sep'26.
Change of Name of the Company from "Midland Polymers Limited" to "Rare Earth Engineers Limited"
Others (Uncategorized) · 10 Oct 2026, 8:07 pm
Midland Polymers Changes Corporate Name to Rare Earth Engineers Midland Polymers Limited (BSE Scrip Code: 531597) has officially changed its corporate name to Rare Earth Engineers Limited, effective 10th Oct'26. The Registrar of Companies, Central Processing Centre, approved the transition and issued a fresh Certificate of Incorporation under Rule 29 of the Companies (Incorporation) Rules, 2014. The company has formally communicated the name change to the BSE.
Scrutinizer''s Report for the 34th AGM held on 24.09.2026
Annual General Meeting · 25 Sept 2026, 12:40 am
Outcome and Proceedings of AGM for the FY 2025-26
Annual General Meeting · 25 Sept 2026, 12:37 am
Annual Report for FY 2025-26 of the company
Others (Uncategorized) · 03 Sept 2026, 12:43 am
Notice of AGM for the FY 2025-26 scheduled to be held on 24.09.2026
Annual General Meeting · 03 Sept 2026, 12:39 am
The Exchange has received the revised disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Radha Krishna Avudari & PACs
Acquisition/ Disposal of Shares · 14 Aug 2026, 11:13 pm
Midland Polymers: Promoter Group Acquires Shares and Warrants via Preferential Allotment Promoter Radha Krishna Avudari and Persons Acting in Concert (PACs) acquired shares and warrants in Midland Polymers Ltd. via a preferential allotment dated 29 Jul'26. Avudari acquired 29,86,248 equity shares and 22,00,000 warrants. Together, the promoter group entities acquired a total of 1,04,51,868 shares (65.24% of total share capital) and 77,00,000 warrants. Post-acquisition, the promoter group's total holding, including warrants, represents 72.25% of the diluted share capital. The company's total diluted share capital post-allotment increased to 2,51,20,628 shares.
The Exchange has received the revised disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Boreddy Gayathri & PACs
Acquisition/ Disposal of Shares · 14 Aug 2026, 10:46 pm
Midland Polymers: Promoter Group Acquires Shares via Preferential Allotment Promoter Boreddy Gayathri and Persons Acting in Concert (PACs) acquired 1.05 crore equity shares and 77 lakh warrants in Midland Polymers Ltd via a preferential allotment on 29th Jul'26. This acquisition represents 41.59% of the post-issue total diluted share capital. Following the transaction, the promoter and PACs' aggregate holding (including warrants) stands at 1.82 crore securities, constituting 72.25% of the total diluted share capital. The company's total diluted capital post-allotment increased to ₹25.12 crore.
The Exchange has received the revised disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shaik Mahammad Amaan & PACs
Acquisition/ Disposal of Shares · 14 Aug 2026, 10:40 pm
Midland Polymers: Promoter Group Acquires Shares and Warrants via Preferential Allotment Promoter Shaik Mahammad Amaan and PACs have acquired 1,04,51,868 equity shares and 77,00,000 warrants in Midland Polymers via a preferential allotment dated 29 Jul '26. Amaan acquired 29,86,248 shares and 22,00,000 warrants. Post-acquisition, the promoter group's total holding (including PACs) stands at 1,04,51,868 shares (65.24% of total capital) and 77,00,000 warrants. The company's total diluted share capital after the allotment increased to 2,51,20,628 equity shares, up from 6,68,760 pre-allotment.
The Exchange has received the revised disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ramachandra Rao Tummala
Acquisition/ Disposal of Shares · 14 Aug 2026, 6:39 pm
Substantial Share Acquisition in Midland Polymers Ramachandra Rao Tummala acquired 18,50,000 equity shares of Midland Polymers Limited via a preferential allotment on 29 Jul'26. This acquisition represents 11.55% of the total share capital and 7.36% of the total diluted share capital. Tummala is not part of the promoter group. The transaction increases his total holding from zero to 11.55%. Following the allotment, the company's equity share capital increased to Rs. 16,02,06,280, while the total diluted share capital now stands at Rs. 25,12,06,280.
Reclassification of Mr. Gudapu Reddy Sreedar Reddy from the Promoter Category to Public Category
Change in Management · 13 Aug 2026, 12:58 am
Midland Polymers: Management Overhaul, Name Change, and Q1 Results Midland Polymers reported a net loss of ₹32.05 lakhs for Q1 FY27, widening from ₹5.02 lakhs YoY. The board approved key changes following an open offer: a company name change to Rare Earth Engineers Limited, a management overhaul including the resignation of the MD and CFO, and new appointments including Mr. L Prashanth Reddy as Chairman & MD and Mr. Chereddy Ajay Raj as CFO, effective 12 Aug'26. The company also acquired a 70% stake in JMRCLEAN ENERGY PRIVATE LIMITED, now a subsidiary.
Unaudited financial results for the quarter ended 30.06.2026
Financial Result · 13 Aug 2026, 12:51 am
Midland Polymers Reports Q1FY27 Loss, Announces Major Corporate Restructuring Midland Polymers reported a net loss of ₹32.05 lakhs for Q1FY27 ended 30 Jun'26, widening from a ₹5.02 lakh loss YoY. Total income was ₹3.34 lakhs versus nil YoY. The board approved significant changes, including a name change to Rare Earth Engineers Limited and a management overhaul following an open offer. Mr. L Prashanth Reddy was appointed as the new Chairman & MD, and Mr. Chereddy Ajay Raj as CFO, effective 12 Aug'26. The 34th AGM is scheduled for 24 Sep'26.
Change in Registered Office of the Company
Others (Uncategorized) · 13 Aug 2026, 12:46 am
Midland Polymers: Management Overhaul, Name Change, and Office Relocation Approved Midland Polymers approved a change of name to Rare Earth Engineers Limited, a management overhaul, and shifting its registered office. For Q1 FY27, the company reported a net loss of ₹32.05 lakhs versus a loss of ₹5.02 lakhs YoY, with total income at ₹3.34 lakhs. The Board appointed L Prashanth Reddy as new Chairman & MD and Chereddy Ajay Raj as new CFO, effective 12 Aug’26. This follows the resignation of the incumbent MD and CFO due to a change in management after an open offer.
Change in Management
Change in Management · 13 Aug 2026, 12:44 am
Midland Polymers Board Approves Name Change, Management Overhaul, and New Acquisition The Board approved Q1FY27 results ending 30 Jun'26, reporting a Net Loss of ₹32.05 lakh vs. a loss of ₹5.02 lakh YoY. Key approvals include changing the company name to Rare Earth Engineers Limited, acquiring a 70% stake in JMRCLEAN ENERGY PRIVATE LIMITED, and a significant management overhaul. L Prashanth Reddy was appointed as the new Chairman & MD and Chereddy Ajay Raj as CFO. Vanaja Veeramreddy (MD) and Praneeth Thota (WTD & CFO) resigned effective 12 Aug'26 following an open offer completion.
Outcome of Board Meeting held on 12.08.2026
Outcome · 13 Aug 2026, 12:41 am
Midland Polymers Ltd - Financial Result for the Quarter ended 30th Jun'26 (Standalone, INR Lakh) ■ Revenue: -0.0 ■ EBITDA: -35.4 (-605.0% YoY | -431.4% QoQ) ■ EBITDA Margin (%): 0.0 ■ PAT: -32.1 (-538.4% YoY | -381.2% QoQ) ■ EPS (INR): -4.79 (-538.7% YoY | -379.0% QoQ)
Midland Polymers Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/08/2026 ,inter alia, to consider and approve 1. Unaudited Financial Results ....
Intimation · 12 Aug 2026, 5:30 am
Midland Polymers Board Meeting Scheduled to Approve Q1FY27 Financial Results Midland Polymers Limited (BSE: 531597) will hold a Board of Directors meeting on 12 Aug'26. The primary agenda is to consider and approve the un-audited financial results for the quarter ended 30 Jun'26, along with the Limited Review Report. In compliance with SEBI regulations, the trading window for insiders has been closed since 01 Jul'26 and will remain closed until 48 hours after the financial results are declared.
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shaik Mahammad Amaan
Acquisition/ Disposal of Shares · 04 Aug 2026, 1:18 am
Promoter Acquires 20.65% Stake in Midland Polymers via Preferential Allotment Promoter Shaik Mahammad Amaan acquired a significant stake in Midland Polymers Limited (BSE: 531597) through a preferential allotment on 30-Jul-'26. The acquisition includes 29,86,248 equity shares and 22,00,000 warrants. Post-acquisition, the acquirer's total holding stands at 51,86,248 securities, representing 18.64% of total share capital and 20.65% on a diluted basis. This transaction substantially increased the promoter's holding from zero previously. The company's equity share capital expanded from Rs. 66.88 lakh to Rs. 16.02 crore following the allotment.
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Boreddy Gayathri
Acquisition/ Disposal of Shares · 04 Aug 2026, 1:15 am
Midland Polymers: Promoter Group Member Acquires Shares and Warrants Promoter group member Boreddy Gayathri acquired 44,79,372 equity shares and 33,00,000 warrants in Midland Polymers Ltd via preferential allotment on 30 Jul'26. This transaction gives the acquirer a 27.96% stake on a total voting capital basis. On a fully diluted basis, considering the conversion of all warrants, the total holding represents 30.97% of the diluted share capital. The acquisition increases the company's equity share capital from Rs. 66.87 lakh to Rs. 1.60 crore post-allotment.
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Radha Krishna Avudari
Acquisition/ Disposal of Shares · 04 Aug 2026, 1:08 am
Midland Polymers: Promoter Acquires 20.65% Stake via Preferential Allotment Promoter Radha Krishna Avudari acquired a significant stake in Midland Polymers (Scrip: 531597) through a preferential allotment on 30-Jul'26. The transaction included 29,86,248 equity shares and 22,00,000 warrants. Post-acquisition, the acquirer's total holding stands at 51,86,248 shares/warrants, representing 18.64% of the total share capital and 20.65% of the total diluted share capital of the company. This move substantially increases promoter holding and signals strong conviction.
The Exchange has received the revised disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Gudapu Reddy Sreedar Reddy
Acquisition/ Disposal of Shares · 04 Aug 2026, 12:41 am
Midland Polymers: Promoter Increases Stake Through Preferential Allotment Promoter Gudapu Reddy Sreedar Reddy acquired 24,00,000 equity shares of Midland Polymers (Scrip: 531597) via a preferential allotment on 30 Jul'26. Following the acquisition, the promoter's holding increased from 37,850 shares (5.66%) to 24,37,850 shares (9.71% of diluted capital). This transaction raised the company's total equity share capital from Rs. 66.88 lakh to Rs. 16.02 crore, and the total diluted share capital increased to Rs. 25.12 crore. The shares were acquired at Rs. 10 each.
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ramachandra Rao Tummala
Acquisition/ Disposal of Shares · 04 Aug 2026, 12:35 am
Midland Polymers: Promoter Group Acquires 11.55% Stake via Preferential Allotment Promoter group member Ramachandra Rao Tummala acquired 18,50,000 equity shares of Midland Polymers Ltd on 30-Jul'26 via a preferential allotment. The acquisition represents an 11.55% stake on a total voting capital basis and 7.36% on a diluted basis. Before this transaction, the acquirer held no shares in the company. This acquisition increased the company's total equity share capital from Rs. 66.87 lakh to Rs. 16.02 crore, with the diluted share capital rising to Rs. 25.12 crore.