With reference to the subject cited, this is to inform the Exchange that the meeting of the Board of Directors of Western Ministil Limited held on Tuesday, February 17, 2026 at the registered ....
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Western Ministil Limited's board, at its meeting on February 17, 2026, approved the allotment of 4,68,562 convertible warrants on a preferential basis at ₹10 per warrant. The warrants were allotted to two allottees — Himanshu Shah and Sheetal Jethaji Solanki — each receiving 2,34,281 warrants, taking the total issue size to approximately ₹46.86 lakhs. The allotment follows a special resolution passed by shareholders at an EGM on December 24, 2025, and BSE's in-principle approval received on February 02, 2026.
This is a small preferential warrant allotment that could lead to modest equity dilution if and when the warrants are exercised. Given the tiny issue size relative to typical market capitalisations, the immediate financial or share-price impact is expected to be limited, though shareholders should note the potential dilution once conversion happens.