This is to inform you that a meeting of the board of directors of the company was held today i.e. on Thursday, 21st day of May, 2026 at 4:00 p.m. at the registered office of the company, ....

Western Ministil Limited reported audited standalone financial results for Q4 and FY ended March 31, 2026. The company posted a net loss of Rs. 27.26 lakhs, improved from Rs. 32.23 lakhs loss in the previous year. Total income was only Rs. 0.41 lakhs against expenses of Rs. 27.67 lakhs. The statutory auditor issued an unmodified opinion but included an Emphasis of Matter highlighting two critical issues: (1) the company has not provided for interest on related party borrowings since April 2001, resulting in Rs. 286.68 lakhs of unrecognized interest liability, and (2) accumulated losses exceed paid-up capital with current liabilities exceeding current assets, raising significant doubt about the company's ability to continue as a going concern. The board also approved related party transactions under Section 188 of the Companies Act. Share capital increased from Rs. 215.72 lakhs to Rs. 615.72 lakhs following a preferential issue of equity shares and convertible warrants.