Western Ministil Limited has reported its audited standalone financial results for the fourth quarter and financial year ended March 31, 2026. The company narrowed its net loss for the full year to ₹27.67 lakh, an improvement from the loss of ₹32.23 lakh recorded in the previous year. The Board of Directors approved the results during a meeting held on May 21, 2026.

Financial Performance Overview

For the quarter ended March 31, 2026, the company reported a net loss of ₹10.56 lakh, widening from a loss of ₹8.62 lakh in the corresponding period of the previous year. Total income from operations for the full year stood at ₹0.08 lakh, while total expenses for the year were ₹27.67 lakh compared to ₹32.31 lakh in FY25.

Auditor's Observations

The Statutory Auditors, Maark & Associates, issued an unmodified opinion on the financial results. However, the report included an emphasis of matter regarding loans availed from related parties. The auditors noted that the company has not made provision for interest on such borrowings since April 1, 2001. Consequently, the loss for the quarter and year is understated by ₹2.87 lakh and ₹11.48 lakh respectively, with the aggregate interest not provided amounting to ₹286.68 lakh as of March 31, 2026.

The auditors also highlighted material uncertainty regarding the company's ability to continue as a going concern, citing that accumulated losses exceed paid-up share capital and free reserves, and current liabilities exceed current assets.

Western Ministil Limited has executed a Share Purchase Agreement (SPA) on May 7, 2026, for the acquisition of 100% equity share capital of Micron Calcite Private Limited. Upon completion of the acquisition, Micron Calcite Private Limited will become a wholly owned subsidiary of Western Ministil Limited. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, read with Para A of Part A of Schedule III of the SEBI Listing Regulations.

Key Details of the Share Purchase Agreement

The company submitted the requisite disclosures as required under SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The following table outlines the significant terms and particulars of the agreement as disclosed in Annexure A:

Related Party Relationship

The transaction has been identified as a material related party transaction. Mr. Kalpesh Naginbhai Patel, who serves as a promoter and Non-Executive Director at Western Ministil Limited, also holds a directorship at Micron Calcite Private Limited. The company has confirmed that the transaction has been conducted at arm's length price, in compliance with applicable regulatory requirements.

Regulatory Compliance

The intimation was signed by Satish Ramsevak Pandey, Director (DIN: 03563657), on behalf of Western Ministil Limited and submitted to the Listing Department of BSE Limited. The disclosure fulfils the company's obligations under the relevant provisions of the SEBI Listing Regulations governing material agreements and related party transactions.