Outcome of Board Meeting held on 30.10.2026

RARE EARTH ENGINEERS LIMITED (Formerly Known as Midland Polymers Limited) CIN: L42202TS1992PLC178971 Regd Off: Flat No.1509, 15th Floor, Block-B, Asian Suncity Beside AMB Sarath City Mall, Kondapur, Gachibowli, Hyderabad- 500084, Telangana Ph.no: +91 9396421149 email id: midland.polymers@gmail.com Website: www.midlandpolymers.com To Date: 30.10.2026 BSE Limited, P.J. Towers, Dalal Street, Mumbai-400001 Dear Sir/Madam, Sub: Outcome of Board Meeting held on 30.10.2026 Unit: Rare Earth Engineers Limited (Formerly Known as Midland Polymers Limited) Scrip Code - 531597 With reference to the subject cited, this is to inform the Exchange that at the meeting of the Board of Directors of Rare Earth Engineers Limited (Formerly Known as Midland Polymers Limited) held on Friday, 30.10.2026 at 5:00 p.m. at the Registered Office of the Company at Flat No.1509, 15th Floor, Block-B, Asian Suncity Beside AMB Sarath City Mall, Kondapur, Gachibowli, Hyderabad- 500084 Telangana, the following items were inter-alia considered and approved: 1. Change in designation of Mr. Nagabhyru Subbarao (DIN: 05300681) from Non - Executive Director to Chairman and Managing Director of the company for a period of 3 years w.e.f. 30.10.2026 upto 29.10.2029, subject to the approval of the members of the Company. (Brief profile is attached) 2. Appointment of Mr. Harikrishna Choudary Popuri (DIN: 11577613) as an Additional Director and Whole-time Director of the company for a period of 3 years w.e.f. 30.10.2026 up to 29.10.2029, subject to the approval of the members of the company. (Brief profile is attached) 3. Resignation of Mr. Mahammad Amaan Shaik (DIN: 11096732) from the post of Whole-time Director of the company w.e.f. 30.10.2026, due to his professional commitments. 4. Resignation of Mr. Prashanth Reddy Loki Reddy (DIN: 08350953) from the post of Chairman and Managing Director of the company w.e.f. 30.10.2026, due to his professional commitments. 5. Cancellation of 91,00,000 Convertible warrants of the Promoter and Non-Promoter allottees at their request. RARE EARTH ENGINEERS LIMITED (Formerly Known as Midland Polymers Limited) CIN: L42202TS1992PLC178971 Regd Off: Flat No.1509, 15th Floor, Block-B, Asian Suncity Beside AMB Sarath City Mall, Kondapur, Gachibowli, Hyderabad- 500084, Telangana Ph.no: +91 9396421149 email id: midland.polymers@gmail.com Website: www.midlandpolymers.com 6. 1st Extra-Ordinary General Meeting for FY 2026-27 of the Company is scheduled to be held on Thursday, 10th December, 2026 at 11.00 a.m., through Video conference/ other audio- visual means (OVAM) for the items stated at sl. nos. 1 and 2 and the Related Party transaction involving the proposed investment in the Company’s Subsidiary, JMR Clean Energy Private Limited, as approved by the Board at its meeting held on 29th July, 2026. Disclosure of information with regard to item nos. 1 to 4 as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para-A of Schedule-III are provided below as Annexure-A. The meeting concluded at 06:10 p.m. Thanking you. Yours sincerely, For Rare Earth Engineers Limited (Formerly Known as Midland Polymers Limited) Prashanth Reddy Loki Reddy Chairman & Managing Director DIN: 08350953 Encl: as above RARE EARTH ENGINEERS LIMITED (Formerly Known as Midland Polymers Limited) CIN: L42202TS1992PLC178971 Regd Off: Flat No.1509, 15th Floor, Block-B, Asian Suncity Beside AMB Sarath City Mall, Kondapur, Gachibowli, Hyderabad- 500084, Telangana Ph.no: +91 9396421149 email id: midland.polymers@gmail.com Website: www.midlandpolymers.com ANNEXURE-A Details as required under Part A of Schedule III and Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No: SEBI/HO/CFD/PoD2/CIR/P/0155 dated January 30, 2026, concerning the appointments and resignation is provided below: S.No Particulars Mr. Harikrishna Mr. Mahammad Mr. Prashanth Choudary Popuri Amaan Shaik Reddy Loki Reddy 1. Reason for Change Appointment of Mr. Mr. Mahammad Mr. Prashanth viz. appointment, Harikrishna Choudary Amaan Shaik has Reddy Loki Reddy reappointment, Popuri as an resigned from the has resigned from resignation, Additional Director position of Whole- the position of removal, death or and Whole-time time Director of the Chairman and otherwise Director of the company due to his Managing Director company. professional of the company due commitments. to his professional commitments. 2. Date of Appointed on Resigned from close of Resigned from close Appointment / 30.10.2026 business hours on of business hours on Cessation 30.10.2026 30.10.2026 3. Terms of 3 years NA NA appointment 4. Brief profile (in case Harikrishna Choudary NA NA of appointment) Popuri is a seasoned business leader with more than 20 years of experience spanning business development, project management, and strategic growth. As Director, he leads the organization’s expansion efforts, shaping market strategy and cultivating the long- term client relationships on which sustainable success is built. Throughout his RARE EARTH ENGINEERS LIMITED (Formerly Known as Midland Polymers Limited) CIN: L42202TS1992PLC178971 Regd Off: Flat No.1509, 15th Floor, Block-B, Asian Suncity Beside AMB Sarath City Mall, Kondapur, Gachibowli, Hyderabad- 500084, Telangana Ph.no: +91 9396421149 email id: midland.polymers@gmail.com Website: www.midlandpolymers.com career, Harikrishna has earned a reputation for professionalism, integrity, and a disciplined, results- oriented approach. He has played a pivotal role in identifying and pursuing new business opportunities, entering new markets, and forging strategic partnerships that strengthen the company’s competitive position. His ability to align commercial objectives with client needs has enabled him to convert opportunities into lasting, mutually beneficial engagements. Drawing on deep industry expertise and a strong command of project delivery, Harikrishna bridges the gap between business vision and execution. He works closely with cross- functional teams to ensure that strategic goals are translated into well-planned, successfully delivered outcomes. His leadership style emphasizes collaboration, accountability, and empowering teams to perform at their best. RARE EARTH ENGINEERS LIMITED (Formerly Known as Midland Polymers Limited) CIN: L42202TS1992PLC178971 Regd Off: Flat No.1509, 15th Floor, Block-B, Asian Suncity Beside AMB Sarath City Mall, Kondapur, Gachibowli, Hyderabad- 500084, Telangana Ph.no: +91 9396421149 email id: midland.polymers@gmail.com Website: www.midlandpolymers.com Above all, Harikrishna is guided by a customer- focused mindset. He takes the time to understand the goals and challenges of each client and partner, building trust through transparency, reliability, and consistent delivery. This approach continues to create meaningful value for clients, partners, and stakeholders alike, while making a significant contribution to the organization’s growth and reputation. 5. Disclosure of Nil NA NA Relationships with other Directors (in case of appointment) 6. Shareholding, if any Nil NA NA in the company 7. Affirmation that the To the best of our NA NA Director being knowledge and appointed is not information, we debarred from hereby affirm that holding the office of Mr. Harikrishna director by virtue of Choudary Popuri is any SEBI order or not debarred from any other such holding the office of authority Director by virtue of any SEBI order or any other such authority 8. Name of listed NA Nil Nil entities in which the resigning Director holds directorship RARE EARTH ENGINEERS LIMITED (Formerly Known as Midland Polymers Limited) CIN: L42202TS1992PLC178971 Regd Off: Flat No.1509, 15th Floor, Block-B, Asian Suncity Beside AMB Sarath City Mall, Kondapur, Gachibowli, Hyderabad- 500084, Telangana Ph.no: +91 9396421149 email id: midland.polymers@gmail.com Website: www.midlandpolymers.com S. Particulars Mr. N [Showing first 8,000 characters — download PDF for full document]