Notice of Extra-Ordinary General Meeting to be held on 25.04.2026

Midland Polymers Limited has called an EGM on April 25, 2026 to consider 7 resolutions. The meeting will be held via video conference. Key agenda items include: (1) Increasing authorised share capital nearly 3x from Rs 13.60 crore to Rs 40 crore; (2) Issuing 1.05 crore equity shares at Rs 10 each for non-cash consideration (share swap) to acquire 100% of JMRCLEAN Energy Private Limited; (3) Issuing 1.33 crore equity shares at Rs 10 each for cash to various allottees; (4) Issuing 1.30 crore convertible warrants at Rs 10 each (total Rs 13 crore) with 25% upfront payment and 18-month conversion window; (5) Altering the object clause to enter power transmission, underground cabling, wind energy, defence infrastructure, and infrastructure projects; (6) Increasing borrowing limits to Rs 500 crore; and (7) Power to create charges on assets. Five acquirers (Boreddy Gayathri, Jagannath Edla, Radha Krishna Avudari, Shaik Mahammad Amaan, and Ravi Kiran Veeramalla) will become promoters after the transactions, triggering an open offer under SEBI SAST regulations.