The Board of Directors of the Company at its Meeting held on Wednesday 29th July 2026 has approved, inter alia the following : 1. Acquisition of JMRCLEAN Energy private Limited and Allotment ....

MIDLAND POLYMERS LIMITED CIN: L42202TS1992PLC178971 Regd Off: Plot no. 8-2-603/23/3 & 8-2-603/23, 15, 2nd Floor, HSR Summit Banjara Hills, Hyderabad, Khairatabad, Telangana, India, 500034 Ph.no: +917396301459 email id: midland.polymers@gmail.com Website: www.midlandpolymers.com Date: 29th July 2026 BSE Limited P.J.Towers, Dalal Street Mumbai – 400001 Unit: Midland Polymers Limited (Scrip Code: 531597) Subject: Outcome of Board Meeting held on 29th July 2026. In accordance with Regulation 30 and Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we hereby inform you that the Board of Directors of the Company, at its meeting held on Wednesday 29th July 2026, has approved, inter alia, the following: 1. Acquisition of JMRCLEAN Energy Private Limited and Allotment of Shares (Non-Cash Consideration): This is in continuation of our earlier intimation dated 27th March 2026, wherein Midland Polymers Limited (“the Company”) had informed about the execution of the Share Purchase and Share Subscription Agreement (“SPSSA”) with JMRCLEAN Energy Private Limited (“Selling Company”) and its shareholders for the acquisition of shareholding of the Selling Company through consideration other than cash (i.e., share swap). Pursuant to the SPSSA and preferential allotment through share swap, the Company has completed the acquisition of 70% shareholding in the selling company and received the consideration. Accordingly, the Board has approved and allotted 73,78,350 (Seventy-Three Lakhs Seventy-Eight Thousand Three Hindered and Fifty) equity shares of face value Rs. 10/- each at an issue price of Rs. 10/- per share on a preferential basis to the shareholders of the Selling Company, forming part of the Non-Promoter Public Category. The allotment has been made in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and the provisions of the Companies Act, 2013, along with applicable rules made thereunder. Relevant details are enclosed as Annexure I and Annexure II. 2. Preferential Allotment of Shares (Cash Consideration): The Board has also approved the allotment of 79,73,518 (Seventy-Nine Lakhs Seventy-Three Thousand Five Hundred and Eighteen Only) equity shares of face value Rs. 10/- each at an issue price of Rs. 10/- per share on a preferential basis for cash consideration to persons belonging to the Non-Promoter Public Category. This allotment is in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and the provisions of the Companies Act, 2013, along with applicable rules made thereunder. Relevant details are enclosed as Annexure III. MIDLAND POLYMERS LIMITED CIN: L42202TS1992PLC178971 Regd Off: Plot no. 8-2-603/23/3 & 8-2-603/23, 15, 2nd Floor, HSR Summit Banjara Hills, Hyderabad, Khairatabad, Telangana, India, 500034 Ph.no: +917396301459 email id: midland.polymers@gmail.com Website: www.midlandpolymers.com 3. Preferential of Convertible Warrants: The Board of Director has made the allotment of 91,00,000 (Ninety-One Lakhs) each at an issue price of Rs. 10/- (Rupees Ten Only) each on preferential basis (‘Preferential Issue’) for consideration in cash to person forming part of the Non-Promoter Public Category, in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and the provisions of the Companies Act, 2013 and rules made there under (Details are enclosed herewith in Annexure IV); Further, in compliance with the disclosure requirements under Part A of Schedule III of the Listing Regulations and as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, the necessary disclosures are enclosed herewith as Annexures. Kindly take the above information on record. The board meeting commenced at 6 pm and concluded at 8 pm. Thanking you Yours sincerely, For Midland Polymers Limited Vanaja Veeramreddy Managing Director (DIN: 07019245) Encl. as above MIDLAND POLYMERS LIMITED CIN: L42202TS1992PLC178971 Regd Off: Plot no. 8-2-603/23/3 & 8-2-603/23, 15, 2nd Floor, HSR Summit Banjara Hills, Hyderabad, Khairatabad, Telangana, India, 500034 Ph.no: +917396301459 email id: midland.polymers@gmail.com Website: www.midlandpolymers.com Annexure I Acquisition of JMRCLEAN Energy Private Limited Name of the target entity, details in JMRCLEAN Energy Private Limited (JMRCLEAN) brief such as size, turnover etc. Incorporated on 17/12/2024 Corporate Identity No.: U35105TS2024PTC191998 Registered Office: Polt No. 20, Sy No. 103/1, 105 & 106, 4th Floor, SVR Peaks, Jayabheri Enclave, Gachibowli, K. V. Rangareddy, Seri Lingampally, Telangana, India, 500032 usiness Overview: JMR Clean Energy is an EPC and energy- generation company specializing in renewable power, electrical works, and infrastructure development. Backed by a management team with extensive experience across roads, railways, and tunneling, the company has executed over 100 MW of projects and manages a ₹1,550 crore order book. Headquartered in Hyderabad, JMR delivers turnkey solutions across solar, wind, electrification, civil works, BESS and technical services with a 30+ member core team and 400 MW pipeline. The Authorised Capital and Paid-up Capital of the Company is Rs. 1,00,00,000/- divided into 10,00,000 Equity Shares of the Company Financial Performance (upto 31.12.2025) (Audited) Turnover: INR 7,139.61 Lakhs Whether the acquisition would fall The proposed acquisition does not fall within related party within related party transaction(s) and transaction(s) whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at "arm’s length" Industry to which the entity being JMR Clean Energy operates within the broader renewable acquired belongs energy and infrastructure engineering industry, a sector focused on developing, constructing, and maintaining clean- energy assets such as solar and wind power plants, Battery Energy Storage Systems (BESS) alongside large-scale electrical and civil infrastructure. This industry blends EPC execution, project management, and long-term asset operations to support India’s transition toward sustainable power, modernized transmission networks, and resilient infrastructure systems. MIDLAND POLYMERS LIMITED CIN: L42202TS1992PLC178971 Regd Off: Plot no. 8-2-603/23/3 & 8-2-603/23, 15, 2nd Floor, HSR Summit Banjara Hills, Hyderabad, Khairatabad, Telangana, India, 500034 Ph.no: +917396301459 email id: midland.polymers@gmail.com Website: www.midlandpolymers.com Objects and effects of acquisition The acquisition supports the Company’s strategy to build its (including but not limited to, presence in the renewable energy and electrical solutions disclosure of reasons for acquisition sector. The target entity is engaged in manufacturing, trading, of target entity, if its business is supply, and distribution of electrical panels, solar power outside the main line of business of plants, street lighting systems, solar water heaters, and the listed entity) related solutions. Midland Polymers Limited has amended. The business is aligned with the Company’s main line of activities and does not constitute diversification. The acquisition is expected to enhance operational capabilities, expand market reach, and contribute to revenue growth while strengthening customer satisfaction and service efficiency. Brief details of any governmental or No governmental or regulatory approvals required for the regulatory approvals required for the acquisition acquisition Indicative time period completion of Not Applicable the acquisition Nature of consideration - whether Swapping of Shares cash consideration or share swap and details of the same Cost of acquisition or the price at Total Consideration shall be Rs. 7,37,83,500/- which the [Showing first 8,000 characters — download PDF for full document]