Midland Polymers' Board approved key strategic moves.

The company completed the acquisition of a 70% stake in JMRCLEAN Energy Private Limited through a share swap, allotting 73.78 lakh new equity shares valued at Rs. 7.38 Cr.

JMRCLEAN, an energy-generation company with an order book of ₹1,550 crore and Rs. 71.40 Cr turnover, specializes in renewable power and infrastructure, aligning with Midland's growth strategy.

Additionally, the Board approved a preferential allotment of 79.74 lakh equity shares for cash and 91 lakh convertible warrants, strengthening the company's financial base.