Change in Management -As attached
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Awaiting price reaction for this filing.
Western Ministil Limited's board approved unaudited financial results for Q3 FY26 (quarter ended Dec 31, 2025), reporting zero revenue from operations and a net loss of Rs. 9.58 lakhs for the quarter and Rs. 17.11 lakhs for the nine-month period. The company has not carried out any manufacturing activity since its plant closure in 1995. The auditor flagged a going concern issue, noting that accumulated losses (negative reserves of Rs. 698.37 lakhs) exceed the paid-up share capital of Rs. 215.72 lakhs, and current liabilities exceed current assets. The auditor also highlighted that the company has not provided for Rs. 283.81 lakhs of accrued interest on related-party borrowings since April 2001. Separately, the board appointed Mr. Kalpesh Naginbhai Patel and Mrs. Vandana Kalpesh Patel as Additional Non-Executive Non-Independent Directors.
This is a deeply negative filing for shareholders — the company is effectively non-operational, keeps incurring losses, and the auditor has explicitly raised doubts about its ability to continue as a going concern. The stock is likely a speculative penny stock with high risk; retail investors should treat this with extreme caution.