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Latest news about Western Ministil

Western Ministil Limited Issues Corrigendum to EGM Notice for Director Nationality Corrections 9 days ago

Western Ministil Limited issued a corrigendum correcting nationality details of two proposed directors from Indian to USA in its EGM notice for April 15, 2026. The meeting will address acquisition of 100% shareholding in Micron Calcite Private Limited at Rs.454 per share, regularization of Mr. Kalpesh Naginbhai Patel and Mrs. Vandana Patel as directors, and appointment of Mrs. Hiralben Mehulsingh Gohil as Independent Director for five years. The acquisition represents a material related party transaction requiring shareholder approval.

Western Ministil Publishes EGM Advertisement for Micron Calcite Acquisition Mar 25, 2026

Western Ministil Limited Announces Resignation of Independent Director Paras Chand Jain Mar 13, 2026

Western Ministil Issues Corrigendum for ₹45.40 Lakh Micron Calcite Acquisition Mar 12, 2026

Western Ministil Open Offer Concludes with 69,273 Shares Accepted Against Target of 33,80,000 Mar 12, 2026

More news about Western Ministil

18Feb 26

Western Ministil Completes Major Preferential Allotment Under SEBI Regulations

Western Ministil Limited has completed a major preferential allotment of 35 lakh equity shares and 45 lakh warrants to acquirers Kalpesh Patel and Vandana Patel, giving them a combined 61.54% stake in the diluted capital. The company submitted SEBI disclosures following the February 16, 2026 allotment, while an open offer for additional 33.80 lakh shares at Rs. 10 per share remains active until March 5, 2026.

09Feb 26

Western Ministil Limited Reports Q3FY26 Loss of Rs 9.58 Lakhs, Appoints Two New Directors

Western Ministil Limited reported a net loss of Rs 9.58 lakhs for Q3FY26, compared to Rs 2.46 lakhs in the previous quarter. The nine-month loss was Rs 17.11 lakhs versus Rs 23.61 lakhs in the prior year period. The company faces significant financial difficulties with accumulated losses exceeding paid-up capital and has outstanding borrowings of Rs 496.21 lakhs. The board appointed Mr. Kalpesh Naginbhai Patel and Mrs. Vandana Kalpesh Patel as Additional Non-Executive Non-independent Directors effective February 9, 2026.

06Feb 26

Western Ministil Limited Open Offer Schedule Revised Following SEBI Comments

Western Ministil Limited has revised its open offer schedule following SEBI comments received on February 02, 2026. The acquirers Mr. Kalpesh Patel and Mrs. Vandana Patel are seeking 33,80,000 equity shares at Rs. 10.00 per share, representing 26.00% stake. The offer opening has been delayed from January 19, 2026 to February 18, 2026, with closure extended to March 05, 2026. Navigant Corporate Advisors Limited is managing the acquisition process under SEBI SAST Regulations 2011.

29Dec 25

Western Ministil EGM: All 6 Resolutions Passed Unanimously

Western Ministil Limited held its Extra-Ordinary General Meeting on December 24, 2025, where shareholders unanimously approved all six special resolutions. The meeting, conducted via video conferencing, lasted just five minutes. The approved resolutions include increasing authorized share capital, issuing equity shares and convertible warrants, increasing borrowing limits, creating charges on company assets, increasing investment and lending limits, and amending the object clause of the Memorandum of Association. Out of 5,798 total shareholders, 37 attended the meeting. The e-voting process saw 52.28% of total shares voted, with 100% in favor of all resolutions.

10Dec 25

Western Ministil Open Offer: Draft Letter Filed for 26% Stake Acquisition at Rs 10

Navigant Corporate Advisors has filed the draft letter of offer for Western Ministil's mandatory open offer, where Kalpesh and Vandana Patel seek to acquire 33.80 lakh shares (26% stake) at Rs 10 per share. The offer follows a preferential allotment that will give the acquirers control of the currently non-operational steel company, with plans to revive and diversify its business operations.

08Aug 25

Western Ministil Reports Rs 5.07 Lakh Net Loss in Q1, Continues to Face Financial Challenges

Western Ministil Limited reported a net loss of Rs 5.07 lakh for Q1 FY24, with no revenue from operations. Total expenses were Rs 5.07 lakh, resulting in a loss per share of Rs 0.24. The company's accumulated losses exceed its paid-up share capital and free reserves, and current liabilities surpass current assets. Western Ministil owes Rs 488.19 lakh to various parties, including Rs 158.26 lakh to related parties. The company has not conducted manufacturing activities since 1995 but is exploring business revival opportunities. Auditors emphasized material uncertainty about the company's ability to continue as a going concern.