BSEWestern Ministil LtdMediumNeutral
Announced Wed, 26 Nov · 19:17 IST

This is to inform that in the previously submitted outcome filed on November 26, 2025, there were typographical errors in the following figures: 1. Number of shares proposed in the increase ....

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Western Ministil Limited has filed a correction to its November 26, 2025 board meeting outcome, fixing typographical errors in the number of shares proposed for the authorised share capital increase and the issue size of the preferential allotment. The board had approved increasing authorised share capital from Rs. 10 crore to Rs. 13.5 crore, divided into 1,35,00,000 equity shares of Rs. 10 each (subject to shareholder approval). It also approved a preferential issue of up to 40 lakh equity shares and 68,42,814 convertible warrants at Rs. 10 each, aggregating roughly Rs. 10.84 crore. Notably, 35 lakh shares and 45 lakh warrants are being allotted to non-promoters who will be reclassified as promoters after a mandatory SEBI open offer, effectively resulting in a change of control. The company also raised its borrowing, charge, and investment limits to Rs. 200 crore each, and an EGM is scheduled for December 24, 2025 to seek shareholder approval.

Likely market impact

This is primarily a clarification filing with no change in substance, but the underlying actions signal a likely change of control via the preferential issue and open offer, which may lead to significant shareholding changes and potential stock price volatility around the EGM date.