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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Western Ministil Limited reported a net loss of Rs. 27.26 lakhs for FY 2025-26, improved from Rs. 32.23 lakhs loss in the previous year. Total income was merely Rs. 0.41 lakhs, with the company appearing to have minimal business operations. The auditor's report raises serious concerns: accumulated losses exceed share capital and free reserves, current liabilities exceed current assets, and the company is not carrying on any significant activity. Additionally, the company has not provided for interest of Rs. 286.68 lakhs on related party borrowings since April 2001, understating losses by Rs. 11.48 lakhs. Share capital increased to Rs. 615.72 lakhs following a preferential issue. The board approved related party transactions under Section 188 of the Companies Act.
The company faces significant going concern risk with minimal revenue, negative reserves of Rs. 725.63 lakhs, and undisclosed interest liabilities. The auditor's emphasis of matter on going concern and unprovided interest signals high financial distress. While losses narrowed year-on-year, the fundamental business viability remains questionable.