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

Acquirers Mr. Kalpesh Naginbhai Patel and Mrs. Vandana Patel have submitted a Draft Letter of Offer for an open offer to acquire up to 26% of Western Ministil Limited (WML) shares at Rs. 10 each, totaling Rs. 3.38 Cr. This offer is triggered by a preferential share allotment to the acquirers, leading to a change in control. The acquirers aim to gain management control, grow WML's business, which currently has no operational revenue and a negative net worth of Rs. (4.90) Cr, and potentially diversify its operations. Post-offer, their combined holding in WML is expected to be 87.54%.