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Awaiting price reaction for this filing.
Western Ministil has issued a corrigendum to its April 15, 2026 EGM notice, correcting the nationality of two proposed directors, Mr. Kalpesh Naginbhai Patel and Mrs. Vandana Patel, from 'Indian' to 'USA'. The corrigendum does not change any of the actual EGM business items. The EGM will seek shareholder approval for acquiring 100% of Micron Calcite Private Limited (10,000 equity shares at Rs.454 per share, total ~Rs.45.4 lakh) as a wholly owned subsidiary, which qualifies as a material related party transaction. It will also regularize the appointment of both Patels as Non-Executive Directors and appoint Mrs. Hiralben Gohil as an Independent Director for 5 years. The company currently has nil turnover, while Micron Calcite reported Rs.2.23 crore turnover in FY25.
The corrigendum is an administrative correction with no material impact on resolutions. The key item for shareholders is the related-party acquisition — the Patels, being interested parties, must abstain from voting. The deal represents Western Ministil's first major expansion given its nil current turnover, so investors should monitor approval and the strategic direction it signals.