Western Ministil Ltd

Western Ministil Limited — Trading Window Closure from 01 October 2026 until 48 hours after the declaration of Un-Audited Financial Results for the quarter ended 30 September 2026

AGM content

• No resolutions, voting results, dividend, or director changes disclosed in this page.

agm details

• AGM held 18 September 2026 via VC/OAVM.
• Meeting time 11:30 a.m. to 12:11 p.m. IST.
• Cut-off date for voting: 11 September 2026; remote e-voting: 15–17 September 2026.
• Forty members attended via VC/OAVM.

ordinary business

• Adopt audited financial statements for year ended 31 March 2026.
• Re-appoint Satish Ramsevak Pandey as director retiring by rotation.
• Approve remuneration of Managing Director Prakash Shewale.

special business

• Advance of loan/financial assistance/guarantee/security/letters under Section 185 for interested directors.

voting status

• Scrutinizer’s report on remote and in-meeting voting to be available in two days.

attendees & turnout

• 40 members attended the meeting via VC/OAVM.

Overview

• Company non-operational; standstill since 1995.
• Integrated AR FY2025-26 filed with AGM notice.
• Net worth negative as of 31-03-2026.
• No dividend declared for the year.

Financials

• Revenue from operations for FY2025-26: zero.
• Other income Rs 0.41 lakh; total income Rs 0.41 lakh.
• Total expenses Rs 27.67 lakh; loss before tax Rs (27.26) lakh.
• Profit after tax Rs (27.26) lakh.
• Basic EPS Rs (0.44); Diluted Rs (0.97).
• Net worth negative Rs 112.60 lakh.
• Cash at year-end Rs 312.33 lakh.
• Auditors note going concern due to accumulated losses.

Capital and equity

• Gross proceeds Rs 400.0 lakh from preferential issue.
• Net proceeds available Rs 400.0 lakh.
• Utilised Rs 315.0 lakh for working capital.
• Unutilised Rs 85.0 lakh as of 31-03-2026.
• Equity share capital increased to Rs 615.72 lakh.
• Authorised capital raised to Rs 13.50 crore.
• Warrants issued: 68,42,814; equity shares 40 lakh.

Governance

• Board held 12 meetings in FY2025-26.
• Audit Committee met 5 times; chair: Gayatridevi Pandey.
• NRC met 2 times; Paras Jain resigned 12-Mar-2026; Gohil appointed 20-Mar-2026.
• Stakeholders Relationship Committee met once; reconstituted Mar 20, 2026.
• Independent directors declared independence.
• Secretarial auditor: Somani & Associates; MR-3 appointed for five years.
• Corporate Governance non-applicable due to thresholds.

Auditors & controls

• Statutory auditors: Maark & Associates; no qualifications.
• MR-3 secretarial report includes adverse remarks; annexed.
• Internal controls are adequate and effective.
• Going concern status acknowledged; management evaluating restructuring.

Related party disclosures

• Related party loan from Profitous Capital Markets Pvt Ltd; outstanding Rs 81.26 lakh.
• During year, Rs 45.84 lakh loan advanced to related party.
• All related party transactions on arm's length; disclosed in financials.

Outlook & risks

• Outlook positive if capital infusion is deployed effectively.
• Management to pursue restructuring and new opportunities.
• Regulatory and market conditions may influence timelines.

Key Decisions

• Approved convening the 52nd AGM on 18 September 2026 via video conferencing.
• Approved Board's Report and annexures for the financial year ended 31 March 2026.
• Approved the 52nd Annual Report for the financial year 2025-26.
• Fixed 11 September 2026 as the cut-off date for e-voting eligibility.

AGM Postponement

• Board postponed the 52nd AGM; previously approved date and details cancelled.
• New AGM date/time/venue to be decided and informed to stock exchange.
• Corrections to AGM details will be included in Notice, Board Report, and Annual Report.

Equity funds raised

• Mode of fund raising: Preferential Issue.
• Monitoring agency: Not Applicable.
• No deviation in use of funds raised.
• Funds utilised: advances to creditors with no change in objects.

Warrant funds raised

• Mode of fund raising: Preferential Issue (warrants).
• Monitoring agency: Not Applicable.
• No deviation in use of funds raised.
• Funds utilised: investment in wholly owned subsidiary.

Dematerialisation processing

• Securities received for dematerialisation in quarter ended 30 June 2026 were confirmed to depositories and listed on exchanges.
• Certificates received for dematerialisation were mutilated and cancelled after verification.
• The depository's name was substituted as registered owner within prescribed timelines.