Outcome of Board Meeting held on 12.08.2026

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: 12.08.2026 BSE Limited P.J. Towers, Dalal Street Mumbai-400001 Dear Sir/Madam, Sub: Outcome of Board Meeting held on 12.08.2026 Ref: Company’s Letter dated 07.08.2026 Unit: 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 Midland Polymers Limited held on Wednesday, 12.08.2026 at 04:30 p.m. at the Registered Office of the Company at 8-2-603/23/3 & 8-2-603/23, 15, 2nd Floor, HSR Summit Banjara Hills, Hyderabad – 500034, Telangana the following were inter-alia considered and approved: 1. Un-Audited financial results for the quarter ended 30.06.2026. (Enclosed) 2. Limited Review Report for the quarter ended 30.06.2026. (Enclosed) 3. Change of Name of the Company from Midland Polymers Limited to Rare Earth Engineers Limited or such other name as may be approved by the Registrar, Central Registration Centre subject to the approval of members and subsequent change of Memorandum and Articles of Association. 4. Shifting of Registered office of the company from 8-2-603/23/3 & 8-2-603/23, 15, 2nd Floor, HSR Summit Banjara Hills, Hyderabad – 500034, Telangana to Flat no.1509, 15th Floor, Block-B, Asian Suncity Beside AMB Sarath city Mall, Kondapur, Gachibowli Hyderabad-500084. 5. 34th Directors Report for the Financial year 2025-26 and notice for convening 34th Annual General Meeting (AGM) for the Financial Year 2025-26. 6. 34th Annual General meeting for the FY 2025-26 is scheduled to be held on Thursday, 24th September 2026 at 12:30 p.m. through video Conference or Other Audio-visual means (OAVM). 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 7. Appointment of Mr. Nagabhyru Subbarao (DIN: 05300681) as an Additional Director in of the company in the category of Non-Executive w.e.f. 12.08.2026, subject to the approval of the shareholders of the company. (Brief profile is attached). 8. Appointment of Mr. Shaik Mahammad Amaan (DIN: 11096732) as an Additional Director and Whole-time Director of the company w.e.f. 12.08.2026 to 11.08.2029 for a period of 3 years, subject to the approval of the shareholders of the company. (Brief profile is attached). 9. Appointment of Mr. L Prashanth Reddy (DIN: 08350953) as an Additional Director, Chairman and Managing Director of the company w.e.f. 12.08.2026 to 11.08.2029 for a period of 3 years, subject to the approval of the shareholders of the company. (Brief profile is attached) 10. Appointment of Mr. Chereddy Ajay Raj as Chief Financial Officer (CFO) of the Company w.e.f. 12.08.2026. (Brief profile is attached) 11. Resignation of Mrs. Vanaja Veeramreddy from the post of Managing Director of the company w.e.f. 12.08.2026, due to change in management pursuant to the completion of open offer. (Resignation Letter is enclosed). 12. Resignation of Mr. Praneeth Thota from the post of Whole-time Director and CFO of the company w.e.f. 12.08.2026, due to change in management pursuant to the completion of open offer. (Resignation Letter is enclosed). 13. The adoption of a new set of the Memorandum of Association (“MOA”) of the Company in substitution of the existing MOA to align with the provisions of the Companies Act, 2013, subject to the approval of the Members of the Company. 14. Reclassification of Mr. Gudapu Reddy Sreedar Reddy from the “Promoter” Category to the “Public” Category upon Completion of the Open Offer and Subsequent Change in Control and Management of the Company. 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 Disclosure of information with regard to the appointment of above Mentioned CFO & Director and resignation of Director 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 6:50 p.m. We request you to take note of the same in your records. Thanking you. For Midland Polymers Limited L Prashanth Reddy Chairman and Managing Director DIN: 08350953 Encl: as mentioned 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-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: Particulars Mr. Mr. Mr. Mr. S.N Nagabhyru Mohammad Prashanth Chereddy o Subbarao Amaan Shaik Reddy Loki Ajay Raj Reddy 1. Reason for Appointment Appointment Appointment Appointment Change viz. of Mr. of Mr. Shaik of Mr. L of appointment, Nagabhyru Mahammad Prashanth Mr. Chereddy reappointment Subbarao as an Amaan as an Reddy as an Ajay Raj as , resignation, Additional Additional Additional Chief removal, death Director of the Director and Director, Financial or otherwise company in Whole-time Chairman and Officer. the category of Director of the Managing Non- company. Director of the Executive company. Director. 2. Date of Appointed on Appointed on Appointed on Appointed on Appointment / 12.08.2026 12.08.2026 12.08.2026 12.08.2026 Cessation 3. Terms of NA For a period of For a period of NA appointment 3 years 3 years 4. Brief profile Mr. Mr. Shaik Mr. L Mr. Chereddy (in case of Nagabhyru Mahammad Prashanth Ajay Raj is a appointment) Subbarao is a Amaan is a Reddy brings Chartered business results-driven over 15 years Accountant by leader and business of extensive profession entrepreneur leader and experience in with over 5 with over 35 entrepreneur. the years of years of He brings a pharmaceutica experience in extensive strategic l industry, with finance, experience vision focused strong accounting, across diverse on expertise in financial sectors, sustainability, research and management, including innovation, development, and business 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 infrastructure, operational innovation, operations. electrical, excellence, technology, Prior to agriculture, and long-term and strategic Midland he and allied value creation. business was associated business He holds an management. with activities. MBA in His diverse Organizations Over the Marketing industry like Infosys course of his Management experience has and Ramoji career, he has from O.P. enabled him to Group gaining developed Jindal Global develop a valuable strong University, strong exposure to expertise in with expertise understanding structured business in strategic of business financial development, marketing and transformation processes of project brand , operational corporate execution, positioning. excellence, finance. Mr. operations, His strong and growth Ajay Raj and strategic understanding strategies. He possesses an management, of market combines his entrepreneuria backe [Showing first 8,000 characters — download PDF for full document]