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Awaiting price reaction for this filing.
Western Ministil Limited reported near-zero revenue of Rs. 0.03 lakhs for H1 FY26, down from Rs. 0.08 lakhs in H1 FY25, and recorded a net loss of Rs. 7.53 lakhs for H1 FY26 (vs Rs. 9.19 lakhs loss a year ago). Q2 FY26 standalone loss was Rs. 2.46 lakhs. The auditor flagged an Emphasis of Matter noting the company has not provisioned Rs. 280.94 lakhs of accrued interest on related-party borrowings since April 2001, which understates losses by Rs. 5.73 lakhs for the half year. Accumulated losses of Rs. 705.90 lakhs far exceed the paid-up share capital of Rs. 215.72 lakhs, total equity is deeply negative at Rs. (490.18) lakhs, current liabilities of Rs. 398.63 lakhs exceed current assets of Rs. 4.00 lakhs, and the manufacturing plant has been shut since 1995 with no active operations. Operating cash flow was negative at Rs. (11.60) lakhs for H1 FY26.
This is effectively a defunct shell company with no operations, wiped-out equity, mounting unpaid interest liabilities, and explicit going-concern doubts flagged by the auditor. Shareholders should view this as extremely high risk; the stock is likely a speculative micro-cap with negligible fundamental value.