Midland Polymers' Annual Secretarial Compliance Report highlights a procedural disclosure issue.

The company was fined Rs. 80,240 by BSE for an inadvertent omission in its Integrated Governance Report.

It failed to disclose the resignation of its Managing Director from the Audit Committee in the report for the half-year ending September 30, 2025. Crucially, the Audit Committee remained properly constituted.

Midland has since rectified the disclosure, paid the fine, and submitted a waiver application.

This indicates a paperwork oversight, not a core governance failure, and the company is actively resolving it.