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

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 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 in Mumbai, 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.

Western Ministil Limited's open offer has concluded with substantially lower participation than originally targeted, according to the post-offer advertisement published on March 12, 2026. The acquisition attempt by Mr. Kalpesh Patel and Mrs. Vandana Patel fell significantly short of expectations.

Offer Performance Summary

The open offer, managed by Navigant Corporate Advisors Limited, aimed to acquire 33,80,000 equity shares at Rs. 10.00 per share. However, the actual response was dramatically lower than anticipated:

Acquirer Shareholding Changes

The acquirers' shareholding pattern shows a significant transformation through the combined preferential allotment and open offer process:

Public Shareholding Impact

The limited acceptance in the open offer resulted in higher public shareholding retention than originally planned:

Offer Timeline and Process

The open offer was conducted between February 18, 2026, and March 5, 2026, with consideration payment scheduled for March 20, 2026. MUFG Intime India Private Limited served as the registrar to the offer. The detailed public statement was initially published on December 3, 2025, in Financial Express, Jansatta, and Pratahkaal newspapers.

Regulatory Compliance

The post-offer advertisement was issued in compliance with Regulation 18(12) of SEBI SAST Regulations 2011. The acquirers have accepted full responsibility for the information contained in the advertisement and fulfillment of obligations under SEBI regulations. A copy of the post-offer advertisement is available on SEBI's website for public reference.