Pursuant to Regulations 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Board of Directors of the Company at their ....
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Western Ministil Limited's Board approved the unaudited standalone financial results for the quarter and nine months ended December 31, 2025. The company reported zero revenue from operations, with a net loss of Rs. 9.58 lakhs for the quarter and Rs. 17.11 lakhs for the nine-month period, resulting in an EPS of (Rs. 0.44). The statutory auditor flagged an Emphasis of Matter noting that the company has not provided for Rs. 283.81 lakhs of accrued interest on related-party loans since April 2001, understating losses. The auditor also highlighted that accumulated losses (Rs. 698.37 lakhs negative reserves) far exceed paid-up capital, current liabilities exceed current assets, and material uncertainty exists around the company's ability to continue as a going concern. The Board also appointed Mr. Kalpesh Naginbhai Patel and Mrs. Vandana Kalpesh Patel as Additional Non-Executive Non-Independent Directors.
This is a deeply negative filing for shareholders — the company has effectively been non-operational since its plant closure in 1995, continues to post losses, carries a massive negative net worth, and the auditor itself questions its ability to continue as a going concern. The appointment of related-party-linked directors and the long-standing unpaid related-party interest raise governance concerns. The stock is highly speculative and risky.