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 Monday, February 16, 2026 at the registered ....
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Awaiting price reaction for this filing.
The board of Western Ministil approved the allotment of 40 lakh equity shares and about 63.74 lakh convertible warrants on a preferential basis on February 16, 2026. Both the shares and warrants were issued at ₹10 each, which is the face value of the stock, meaning no premium or discount was charged. The allottees include 12 names — predominantly small individual investors, with Kalpesh Patel receiving the largest chunk (30 lakh shares and 30 lakh warrants). These allotments were made under a special resolution passed by shareholders at an EGM held on December 24, 2025, and BSE had already given its in-principle approval on February 2, 2026.
This is a preferential share and warrant issuance at face value, which will dilute existing shareholders' stake. Since allotments to most small allottees are relatively modest and no marquee institutional investor is involved, the market reaction is likely to be neutral to mildly negative in the short term.