Western Ministil Ltd — Board Meeting, 08-08-2025: Board Meeting
08-08-2025 | 10:10 pm
08-08-2025 | 10:10 pm
Western Ministil's Board has approved its unaudited financial results for the quarter ended June 30, 2025. The company reported a net loss of ₹0.05 Cr for the quarter. Auditors highlight that the company has not provisioned ₹2.78 Cr in interest on related party borrowings since April 2001, which understates the quarterly loss by ₹0.0287 Cr. Significant concerns exist regarding the company's ability to continue as a going concern, as accumulated losses exceed capital, current liabilities exceed assets, and there's no ongoing business activity. Management is exploring revival.
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