Navigant Corporate Advisors Limited ("Manager to the Offer") has submitted to BSE a copy of corrigendum to the detailed public statement for attention to the shareholders of Midland Polymers ....
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Navigant Corporate Advisors Limited, the Manager to the Offer, has submitted a corrigendum to the detailed public statement for an open offer to acquire up to 97,50,000 equity shares of Midland Polymers Limited. The offer is for 26% of the expanded equity and voting share capital at Rs. 10 per share. Five acquirers (Gayathri Boreddy, Jagannath Edla, Radha Krishna Avudari, Mahammad Amaan Shaik, and Ravi Kiran Veeramalla) are jointly making this offer under SEBI SAST Regulations, 2011. The corrigendum was published on 21st May 2026 in multiple regional newspapers.
This open offer for 26% stake indicates a change in control or significant acquisition activity, which could impact the stock price and shareholder decisions. Existing shareholders should carefully review the offer terms.