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

Western Ministil Limited is subject to an Open Offer by Mr. Kalpesh Naginbhai Patel and Mrs. Vandana Patel to acquire up to 33.80 lakh shares (26.00% of expanded capital) at ₹10 per share, totaling ₹3.38 crore. This offer follows a preferential allotment to the Acquirers, which will give them significant control. The financial results for the half-year show WML is non-operational with a net loss of ₹0.09 crore and negative net worth of ₹4.90 crore. The Acquirers intend to revive and expand WML's business, potentially diversifying into industrial machinery and chemicals, leveraging its existing listing. The Open Offer period runs from February 18 to March 5.