Western Ministil Limited has announced the resignation of Mr. Paras Chand Jain from his position as Non-Executive Independent Director, effective from the closure of business hours on March 12, 2026. The company disclosed this development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

Mr. Paras Chand Jain tendered his resignation citing personal commitments and pre-occupancy as the reasons for his departure from the board. The resignation letter, dated March 12, 2026, confirms that there are no material reasons for his resignation other than those stated.

Committee Memberships Impact

Following his resignation, Mr. Jain will cease to be a member of two key board committees:

• Stakeholders Relationship Committee
• Nomination and Remuneration Committee

This departure will require the company to reconstitute these committees in accordance with regulatory requirements.

Regulatory Compliance and Filing Details

The company has fulfilled its disclosure obligations by providing comprehensive information as required under SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The disclosure includes the complete resignation letter along with detailed reasons and confirmation that no other material reasons exist beyond those mentioned.

Company Information

Western Ministil Limited, with its registered office at SHP No. 413, Fourth Floor, CTS No. 458, Disha Construction, Subhash Road, E-Square, Village Vile Parle (East), Mumbai - 400057, Maharashtra, has completed all necessary formalities for filing with the Registrar of Companies and stock exchange notifications. The resignation was signed and processed by Director Satish Ramsevak Pandey on behalf of the company on March 12, 2026.

Western Ministil Limited has issued a corrigendum to its board meeting outcome dated March 12, 2026, regarding the acquisition of Micron Calcite Private Limited for ₹45.40 lakhs. The corrigendum introduces significant modifications to the original acquisition terms, particularly requiring shareholder approval and revising payment methodology as per regulatory compliance requirements.

Key Modifications in Corrigendum

The company has made three critical revisions to the original acquisition announcement. The acquisition of 10,000 equity shares of ₹10.00 each at ₹454.00 per share now requires shareholder approval in the upcoming General Meeting as per Regulation 23(4) of SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015. Additionally, the payment method has been revised from cash consideration to payment as per the valuation report.

Enhanced Target Company Profile

Micron Calcite Private Limited, incorporated on June 20, 2008, operates across multiple business segments including industrial equipment and machinery, trading packaging and containers manufacturing, and chemical trading and distribution. The company has demonstrated consistent performance with updated turnover figures showing significant growth trajectory.

Related Party Transaction Details

The acquisition qualifies as a material related party transaction due to Mr. Kalpesh Naginbhai Patel serving as a common director in both Western Ministil Limited and Micron Calcite Private Limited. The transaction is conducted at arm's length pricing based on professional valuation, ensuring compliance with regulatory requirements.

Strategic Business Expansion

The acquisition represents Western Ministil's entry into new business lines, facilitating expansion of the company's operations beyond its current scope. Micron Calcite's diverse business portfolio includes trading, import, export, and servicing of industrial machinery, manufacturing and printing of metal and plastic containers for industrial packaging, and trading and distribution of chemicals and raw materials with related consultancy services.