Western Ministil Ltd — Important, 01-01-1970: Company Update

Acquirers Mr. Kalpesh Patel and Mrs. Vandana Patel have announced an open offer to acquire 33,80,000 equity shares of Western Ministil Limited (WML). The offer price is Rs. 10 per share, valuing the acquisition at Rs. 3.38 Cr. This open offer, representing 26.00% of WML's expanded capital, is triggered by the company's board authorizing a preferential allotment of 35,00,000 equity shares and 45,00,000 convertible warrants to the Acquirers. Following this transaction, the Acquirers will hold 61.54% of WML's expanded capital and will be classified as promoters, providing existing shareholders an exit opportunity.