Outcome of Independent Directors Meeting held on 29.05.2026

The Committee of Independent Directors of Midland Polymers Limited reviewed an Open Offer made by five acquirers (Gavathri Goreddy, Jagannath Edla, Radha Krishna Avudari, Mahammad Amaan Shaik, and Rvi I Girenn Vaarrm^ll) pursuant to a Public Announcement dated 27th March 2026. The open offer is to acquire up to 97,50,000 equity shares representing 25% of the expanded equity and voting share capital at Rs. 10 per share. After analysis of the Detailed Public Statement and Letter of Offer, the committee concluded that the open offer is fair and reasonable for shareholders.