Notice of Extra Ordinary General Meeting of the Company to be held on 15th APril,2026
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Western Ministil Limited has called an Extra-Ordinary General Meeting (EGM) on April 15, 2026, at 3:00 PM via video conferencing, with the cut-off date for e-voting set as April 8, 2026. The key business item is the approval to acquire 100% shareholding (10,000 equity shares) in Micron Calcite Private Limited at Rs. 454 per share, based on an independent valuation — this is classified as a material related party transaction because directors Kalpesh Patel and Vandana Patel are connected to Micron Calcite. The EGM also seeks shareholder approval to regularize the appointments of Mr. Kalpesh Patel and Mrs. Vandana Patel as Non-Executive Directors, and to appoint Mrs. Hiralben Mehulsingh Gohil as a Non-Executive Independent Director for 5 years. Western Ministil's own turnover is nil as per its latest audited financials, while Micron Calcite reported turnover of about Rs. 2.23 crore in FY 2024-25. Related parties will abstain from voting on the acquisition resolution.
Shareholders will vote on a small acquisition (roughly Rs. 45.4 lakh at the stated price) that turns Micron Calcite into a wholly owned subsidiary, alongside board composition changes. The deal adds some operating revenue base to a company with nil turnover, but minority shareholders should note the related-party nature and that promoter-group directors will not vote on that resolution.