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Midland Polymers Limited's promoter, Gudapu Reddy Sreedar Reddy, acquired 24,00,000 equity shares via a preferential allotment. This transaction increased the promoter's voting rights from 5.66% to 15.22%. Consequently, the company's total equity share capital expanded from approximately 0.67 Cr to 16.02 Cr, reflecting a significant increase in outstanding shares. This move substantially boosts the promoter's stake and alters the company's shareholding structure.