Western Ministil Q1 loss continues; auditor flags going concern doubt
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Western Ministil reported Q1 FY27 (June 2026) standalone loss of Rs 10.15 lakhs vs Rs 27.26 lakhs year ago, on income of Rs 1.29 lakhs. Plant has been shut since 1995 with no manufacturing. Auditor flagged going concern doubt as accumulated losses exceed paid-up capital. Unprovided interest of Rs 289.55 lakhs on long-standing borrowings. Company recently acquired Micron Calcite as wholly owned subsidiary and raised funds via preferential issue in Feb 2026.
Continued losses, dormant operations, and going concern flag make this a high-risk, speculative stock. Subsidiary acquisition may signal revival attempt.