Proceedings of EGM held on 24th December 2025.
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Western Ministil Limited held an Extra-Ordinary General Meeting on December 24, 2025, via video conferencing, which lasted just 5 minutes (3:00 PM to 3:05 PM) with 37 members attending. The EGM considered six special business items: increase in authorised share capital, issue of equity shares and convertible warrants on a preferential basis, increase in borrowing limits, power to create charges on company assets, increase in limits for investments/loans/guarantees, and amendment to the Object Clause of the Memorandum of Association. Voting was conducted through remote e-voting (December 21-23, 2025) with a cut-off date of December 17, 2025. The consolidated scrutinizer's report is expected within 2 working days. Mr. Prakash Baliram Shewale chaired the meeting as Chairman & Managing Director, with M/s. Somani & Associates acting as the scrutinizer.
The agenda signals a potential capital expansion and fundraising exercise through preferential allotment, alongside broader financial flexibility (higher borrowings and investment limits). Shareholders should watch for the scrutinizer's report, as approval of these resolutions could lead to equity dilution and increased debt capacity, which may affect share price sentiment.