Midland Polymers Ltd — Important, 01-01-1970: Company Update

Midland Polymers Limited's open offer to acquire up to 97,50,000 shares (26.00% of expanded equity) at Rs. 10 per share concluded. The acquirers, Gayathri Boreddy and others, aimed to acquire shares worth Rs. 9.75 crore. However, only 1,765 shares were tendered and accepted, totaling Rs. 17,650. Additionally, a preferential allotment of 2,59,31,240 shares (69.15%) planned by the acquirers has not yet been completed, pending regulatory approvals. This update provides the final outcome of the open offer.