Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the Board of Directors of the Company at its meeting held ....
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Awaiting price reaction for this filing.
Western Ministil Ltd's board, at its meeting on 12 March 2026, approved acquiring 100% of Micron Calcite Private Limited by purchasing all 10,000 equity shares at ₹454 per share. The total cash consideration is ₹45.40 lakh, based on a valuation report. Upon completion, Micron Calcite will become a wholly owned subsidiary of Western Ministil. The target is in the minerals and mining sector with a turnover of about ₹2.23 crore in FY24-25. The deal is classified as a material related party transaction since the promoters of Western Ministil are also directors in Micron Calcite, but the price is stated to be at arm's length. The acquisition is expected to be completed within 2 months and is aimed at expanding Western Ministil's business.
The deal size is very small (₹45.4 lakh) compared to the target's turnover (~₹2.23 cr), so the financial impact is likely limited. However, it gives the company a new subsidiary in the minerals space. The related-party nature and the small size of Western Ministil mean this is unlikely to materially move the stock price.