Pursuant to regulation 30 ,we wish to inform that Western Ministil Limited has acquired the 100% paid up share capital of Micron Calcite Priavte Limited, thereby making it a wholly owned ....
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Western Ministil Limited has completed the acquisition of 100% of the paid-up equity share capital of Micron Calcite Private Limited, making it a Wholly Owned Subsidiary of the Company. The acquisition was completed on 14th May 2026. Micron Calcite is engaged in trading, import/export of industrial machinery, manufacturing of metal and plastic containers for industrial packaging, and chemical trading/distribution. The target company had a turnover of Rs 22.34 million in FY 2024-25 with a turnover of Rs 23.06 million in FY 2023-24 and Rs 18.95 million in FY 2022-23. Importantly, the transaction is classified as a material related party transaction as the promoter Mr. Kalpesh Naginbhai Patel is also a director in Micron Calcite Private Limited, though the company states the transaction is at arm's length price.
This acquisition may be viewed positively as it expands Western Ministil's business operations into new segments including industrial packaging and chemical trading. However, the related party nature of the transaction and limited financial details disclosed may raise some investor scrutiny regarding valuation fairness.