Midland Polymers Ltd Open Offer Details Announced Following Committee of Independent Directors Ad
Midland Polymers Ltd announced an Open Offer intended to acquire a significant stake in the company. The Open Offer is structured to acquire up to 97,50,000 equity shares of the company, representing 26.00% of the expanded equity and voting share capital.The offer is being made by five individual entities: Gayathri Boreddy (Acquirer-1), Jagannath Edla (Acquirer-2), Radha Krishna Avudari (Acquirer-3), Mahammad Amaan Shaik (Acquirer-4), and Ravi Kiran Veeramalla (Acquirer-5). These individuals are collectively referred to as the "Acquirers."
The key terms of the Open Offer are as follows:
| Parameter | Detail |
|---|---|
| Target Company | Midland Polymers Limited |
| Shares Offered | Up to 97,50,000 equity shares |
| Face Value per Share | Rs. 10/- |
| Offer Price | Rs. 10/- per fully paid-up equity share |
| Total Stake Represented | 26.00% of the expanded equity and voting share capital |
The advertisement regarding the committee of independent directors related to the Open Offer was published on June 1, 2026. The announcement appeared in multiple English, Hindi, and regional language daily newspapers, including Financial Express - English Daily (all editions), Jansatta - Hindi Daily (all editions), Pratahkal - Marathi Daily (Mumbai edition), and Mega Jyothi Telugu Daily (Telangana edition).
Stock Price Movement
Midland Polymers Ltd. settled at ₹23.90 on Tuesday, shedding 4.97% of its value for the session. The shares traded completely flat, remaining locked at the exact same price point for the entire day's range.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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