Announced Mon, 3 Aug, 2026 · 19:11 IST
Promoter acquires 24 lakh shares in Midland Polymers via preferential allotment
Price
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Price reaction
Awaiting price reaction for this filing.
AI summary
Promoter Gudapu Reddy Sreedar Reddy acquired 24,00,000 equity shares of Midland Polymers via preferential allotment on 30.07.2026. His stake rose from 5.66% (37,850 shares) to 15.22% (24,37,850 shares). The company equity capital expanded from 6,68,760 to 1,60,20,628 shares. This is a revised disclosure under SEBI SAST Regulations.
Likely market impact
Promoter stake rises sharply from 5.66% to 15.22%, showing promoter confidence and fresh capital infusion into the company.