Williamson Magor & Co. Limited has strengthened its Board of Directors with the appointment of two Additional Directors, effective January 28, 2026. The company announced these strategic appointments in compliance with regulatory requirements under SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.

Board Appointments

The company has appointed Mr. Dilip Kumar Parida (DIN: 11181828) and Mr. Javed Hossain (DIN: 11061836) as Additional Directors in Non-Executive & Non-Independent capacities. Both appointments were made pursuant to Regulation 30 and other applicable regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Professional Background

Both newly appointed directors bring substantial experience to the Board. Mr. Dilip Kumar Parida, aged 51 years, has more than twenty years of experience in Accounts Department and Taxation Department. His professional journey includes working with reputed organizations such as DGM Vigilance & Maintenance Services Pvt. Ltd. and Jaguar Securities.

Mr. Javed Hossain, aged 53 years, brings more than twenty-five years of experience in Accounts Department and Administration Department. He has worked with notable organizations including Seajuli Developers & Finance Ltd. and DGM Vigilance & Maintenance Services Pvt. Ltd.

Regulatory Compliance

The company has confirmed that both Mr. Dilip Kumar Parida and Mr. Javed Hossain are not debarred from holding the office of director by virtue of any SEBI order or any other regulatory authority. This appointment aligns with the company's commitment to maintaining strong corporate governance standards.

Company Information

Williamson Magor & Co. Limited, incorporated in 1949, operates with Corporate Identity Number L01132WB1949PLC017715. The company's registered office is located at Four Mangoe Lane, Surendra Mohan Ghosh Sarani, Kolkata - 700 001. The announcement was made by Company Secretary Sk Javed Akhtar on January 27, 2026.

Williamson Magor Co. Limited , a company facing significant financial challenges, has reported a substantial net loss for the quarter ended September 30. The company's financial situation has raised concerns among auditors about its ability to continue as a going concern.

Financial Performance

The company's financial results for the quarter paint a grim picture:

Ongoing Challenges

Williamson Magor Co. is grappling with several critical issues that threaten its operational viability:

1. NBFC Registration Cancelled: The Reserve Bank of India (RBI) has cancelled the company's Non-Banking Financial Company (NBFC) registration, significantly impacting its ability to conduct financial operations.

2. Loan Repayment Defaults: The company has defaulted on loan repayments, indicating severe liquidity issues.

3. Disputes with Secured Lenders: Williamson Magor Co. is currently embroiled in disputes with secured lenders, including HDFC Bank Limited. These disputes could potentially lead to legal complications and further financial strain.

Auditors' Concerns

The auditors have expressed qualified concerns regarding the company's going concern assumption. This qualification is based on the fully eroded net worth of Williamson Magor Co., which raises doubts about the company's ability to continue its operations in the foreseeable future.

Implications for Stakeholders

The current financial distress and operational challenges faced by Williamson Magor Co. Limited have significant implications for various stakeholders:

• Investors: The fully eroded net worth and ongoing losses may lead to a potential write-off of investments.
• Creditors: With loan repayment defaults and disputes with secured lenders, creditors may face difficulties in recovering their funds.
• Employees: The company's financial situation may impact job security and future prospects for its workforce.
• Regulatory Bodies: The cancellation of the NBFC registration by RBI indicates increased regulatory scrutiny on the company's operations.

As Williamson Magor Co. Limited navigates through these challenging times, stakeholders will be closely watching the company's efforts to address its financial issues and restore operational stability.