Disclosure under Regulation 30 of SEBI(LODR) for execution of Share Purchase Agreement for acquiring 100% paid up share capital of Micron Calcite Private Limited for making it a wholly ....
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Awaiting price reaction for this filing.
Western Ministil Limited (WML), a BSE-listed company, has executed a Share Purchase Agreement on 7 May 2026 to acquire 100% equity share capital of Micron Calcite Private Limited. Upon completion, Micron Calcite will become a Wholly Owned Subsidiary of WML. The transaction is classified as a material related party transaction as Mr. Kalpesh Naginbhai Patel, WML's promoter and Non-Executive Director, is also a director in Micron Calcite. WML states the transaction is conducted at arm's length. Post-acquisition, WML will have special rights including the right to appoint directors and restrict changes to capital structure.
This acquisition expands WML's business by adding a subsidiary, but the related party nature and lack of disclosed valuation details warrant investor caution. The transaction being at arm's length is a positive governance point.