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

Mr. Kalpesh Patel and Mrs. Vandana Patel have launched an open offer to acquire up to 33.80 lakh equity shares, representing 26% of Western Ministil Limited's expanded capital, at Rs. 10 per share. This follows their agreement to acquire shares and warrants through a preferential issue, which will give them 61.54% control. Despite the company's current inactive status and financial losses with negative net worth, the Acquirers plan to revive its business and seek Board reconstitution. The offer values shares significantly above the certified fair value of Rs. 0.50, providing an exit opportunity for public shareholders.