Western Ministil Limited has issued a corrigendum to its detailed public statement regarding the open offer by acquirers Mr. Kalpesh Patel and Mrs. Vandana Patel. The revision follows receipt of SEBI comments and updates the timeline for the acquisition process.

Open Offer Details

The acquirers are seeking to purchase up to 33,80,000 equity shares of Rs. 10.00 each at a price of Rs. 10.00 per fully paid-up equity share. This acquisition represents 26.00% of the expanded equity and voting share capital of the target company. The offer is being conducted in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Revised Schedule of Activities

The company has announced significant changes to the offer timeline following SEBI's observation letter dated February 02, 2026. The revised schedule shows substantial delays across multiple milestones:

Key Unchanged Elements

Several critical aspects of the offer remain unmodified:

• Public Announcement date: November 26, 2025
• Detailed Public Statement publication: December 03, 2025
• Draft letter of offer filing deadline: December 10, 2025
• Competing offer deadline: December 24, 2025
• Offer price: Rs. 10.00 per share
• Target acquisition: 33,80,000 shares (26.00% stake)

Regulatory Compliance

Navigant Corporate Advisors Limited is serving as the manager to the offer on behalf of the acquirers. The corrigendum was published on February 06, 2026, in Financial Express (English Daily), Jansatta (Hindi Daily), and Pratahkaal (Marathi Daily) to ensure proper disclosure to shareholders.

The identified date of February 04, 2026, will determine shareholder names for letter of offer distribution. However, all equity share owners (registered or unregistered) except the acquirers and public category preferential allottees remain eligible to participate until the offer closure on March 05, 2026.

Company Information

Western Ministil Limited operates with its registered office located at SHP No. 413, Fourth Floor, CTS No. 458, Disha Construction, Subhash Road, E-Square, Village Vile Parle (East), Mumbai-400057. The company maintains its compliance communications through wml.compliance@gmail.com and operates under Corporate Identification Number L33200MH1972PLC015928.

Western Ministil Limited successfully concluded its Extra-Ordinary General Meeting (EGM) on December 24, 2025, with shareholders unanimously approving all six special resolutions presented by the management. The meeting was conducted through video conferencing at 3:00 PM and concluded within five minutes, demonstrating strong shareholder consensus.

Meeting Overview and Participation

The EGM was held in compliance with regulatory requirements under Regulation 44(3) of the SEBI (LODR) Regulations, 2015 and Section 108 of the Companies Act, 2013. The company facilitated both remote e-voting and electronic voting during the meeting through the National Securities Depository Limited (NSDL) platform.

Voting Results and Shareholder Response

All six special resolutions received overwhelming support from shareholders, with identical voting patterns across each resolution. The voting demonstrated strong alignment between promoter and public shareholder interests.

Approved Resolutions and Corporate Actions

The shareholders approved six critical special resolutions that will enable the company's strategic growth initiatives:

1. Increase in Authorized Share Capital: This resolution enables the company to expand its capital base to support future growth plans and business expansion requirements.

2. Issue of Equity Shares and Convertible Warrants on Preferential Basis: The approval allows the company to raise capital through preferential allotment, providing flexibility in funding mechanisms.

3. Increase in Borrowing Limits: This resolution expands the company's borrowing capacity to meet working capital and expansion financing needs.

4. Power to Create Charge on Company Assets: Under Section 180(1)(a) of the Companies Act, 2013, this enables the company to secure borrowings against its assets.

5. Increase in Investment and Lending Limits: The resolution enhances the company's ability to make strategic investments and extend loans to related entities.

6. Amendment in Object Clause of Memorandum of Association: This modification allows the company to diversify its business activities and explore new opportunities.

E-Voting Process and Compliance

The company implemented a comprehensive e-voting system to ensure maximum shareholder participation. Remote e-voting was available from December 21, 2025 (9:00 AM) to December 23, 2025 (5:00 PM), with additional e-voting facilities provided during the meeting for shareholders who had not previously voted.

Poonam Somani (FCS-9364/CP-8642) of Somani & Associates served as the scrutinizer, ensuring transparent and fair voting processes. The scrutinizer's report confirmed that all resolutions were passed with the requisite majority, with no invalid votes recorded across any category.

The unanimous approval of all resolutions reflects strong shareholder confidence in Western Ministil's strategic direction and management's ability to execute growth plans effectively.