Midland Polymers Share Price Today

Rare Earth Engineers approves director changes, cancels 91,00,000 warrants

Rare Earth Engineers (formerly Midland Polymers) held a board meeting on October 30, 2026, approving multiple leadership changes. Nagabhyru Subbarao was redesignated as Chairman and Managing Director for 3 years, effective October 30, 2026. Harikrishna Choudary Popuri was appointed as Additional Director and Whole-time Director for 3 years, effective October 30, 2026. Mahammad Amaan Shaik and Prashanth Reddy Loki Reddy resigned as directors citing professional commitments. The board approved cancellation of 91,00,000 convertible warrants of Promoter and Non-Promoter allottees at their request.

Rare Earth Engineers board meeting postponed to Oct 22 for Q2FY27 results

Board meeting postponed from October 17 to October 22, 2026. Meeting agenda includes approval of Q2FY27 unaudited results. Trading window closed since October 1, 2026. Window reopens 48 hours after result disclosure.

Midland Polymers submits scrutinizer's report for 34th AGM

Midland Polymers shareholders unanimously approved six resolutions including a name change. Total votes polled stood at 8,465,843 with zero votes cast against any proposal. Remote e-voting accounted for 99.44% of total votes, with minimal live meeting participation. No institutional investors participated in the voting process for the FY26 AGM.

Midland Polymers to rename as Rare Earth Engineers; posts ₹14.07 lakh loss in FY26

Midland Polymers seeks AGM approval to rename as Rare Earth Engineers Limited. Reported zero revenue and a net loss of ₹14.07 lakh for FY26. Acquired 70% stake in JMR Clean Energy via share swap post-year-end. New management appointed includes L Prashanth Reddy as CMD. Plans to pivot into power transmission and renewable energy projects.

Midland Polymers promoter Gudapu Reddy Sreedar Reddy raises stake to 15.22%

Gudapu Reddy Sreedar Reddy increases his stake in Midland Polymers Limited to 15.22% by acquiring 24,00,000 shares through preferential allotment. The transaction expands the company's equity capital to ₹16.02 crore, with the promoter holding unencumbered shares representing 9.71% of diluted voting capital.

Midland Polymers open offer concludes with minimal acceptance

The open offer for Midland Polymers Limited saw minimal uptake, with acquirers accepting only 1,765 shares against a proposed 97,50,000 shares. The acquirers' post-offer stake is 69.15%, while the public retains 30.85%. A key preferential allotment remains pending BSE approval.