Western Ministil Limited Executes Share Purchase Agreement to Acquire 100% Equity of Micron Calcite Private Limited

Western Ministil Limited has executed a Share Purchase Agreement (SPA) on May 7, 2026, for the acquisition of 100% equity share capital of Micron Calcite Private Limited. Upon completion of the acquisition, Micron Calcite Private Limited will become a wholly owned subsidiary of Western Ministil Limited. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, read with Para A of Part A of Schedule III of the SEBI Listing Regulations.

Key Details of the Share Purchase Agreement

The company submitted the requisite disclosures as required under SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The following table outlines the significant terms and particulars of the agreement as disclosed in Annexure A:

Parameter: Details Party to Agreement: Micron Calcite Private Limited Purpose: Acquire 100% paid-up share capital of Micron Calcite Private Limited, making it a Wholly Owned Subsidiary of Western Ministil Limited Pre-existing Shareholding: NIL Post-Acquisition Status: Micron Calcite Private Limited to become a Wholly Owned Subsidiary of Western Ministil Limited Related Party: Yes — Mr. Kalpesh Naginbhai Patel, promoter and Non-Executive Director of Western Ministil Limited, is also a director of Micron Calcite Private Limited Related Party Transaction: Yes — classified as a material related party transaction, executed at arm's length price Share Issuance Details: Not Applicable Other Disclosures: Not Applicable

Related Party Relationship

The transaction has been identified as a material related party transaction. Mr. Kalpesh Naginbhai Patel, who serves as a promoter and Non-Executive Director at Western Ministil Limited, also holds a directorship at Micron Calcite Private Limited. The company has confirmed that the transaction has been conducted at arm's length price, in compliance with applicable regulatory requirements.

Regulatory Compliance

The intimation was signed by Satish Ramsevak Pandey, Director (DIN: 03563657), on behalf of Western Ministil Limited and submitted to the Listing Department of BSE Limited. The disclosure fulfils the company's obligations under the relevant provisions of the SEBI Listing Regulations governing material agreements and related party transactions.

Western Ministil Limited successfully conducted its Extra Ordinary General Meeting on April 15, 2026, through video conferencing and other audio-visual means. The meeting commenced at 03:00 p.m. IST and concluded at 03:21 p.m. IST, with thirty-two members participating virtually in accordance with the Companies Act, 2013 and SEBI Listing Regulations.

Meeting Attendance and Leadership

The meeting was attended by key company officials and board members who participated in the virtual proceedings:

Position Name Chairman Mr. Prakash Baliram Shewale Executive Director Mr. Satish Ramsevak Pandey Independent Director Ms. Gayatridevi D. Pandey Independent Director Mrs. Hiralben Mehulsinh Gohil Independent Director Mr. Manoj Chaudhary Non-Executive Director Mr. Kalpesh Naginbhai Patel Non-Executive Director Mrs. Vandana Kalpesh Patel Company Secretary Mr. Ankit Rajendrakumar Shah

Mrs. Poonam Somani from M/s Somani & Associates served as the appointed Scrutinizer for the meeting proceedings.

Key Resolutions Addressed

The Extra Ordinary General Meeting focused on four significant corporate actions that required shareholder approval:

Acquisition approval: 100% shareholding acquisition in Micron Calcite Private Limited and approval of material related party transactions

Director regularization: Regularization of Mr. Kalpesh Naginbhai Patel (DIN: 02224612) as Non-Executive Director

Director regularization: Regularization of Mrs. Vandana Patel as Non-Executive Director

New appointment: Appointment of Mrs. Hiralben Mehulsinh Gohil (DIN: 11146010) as Non-Executive Independent Director for a 5-year term

E-Voting Process and Timeline

The company implemented a comprehensive e-voting system to facilitate shareholder participation. The remote e-voting facility was made available to members holding shares as of the cut-off date of April 8, 2026.

E-Voting Details Timeline E-voting commencement April 12, 2026 at 09:00 a.m. IST E-voting conclusion April 14, 2026 at 5:00 p.m. IST Meeting venue e-voting Available for 15 minutes post-meeting Results availability Within 2 working days

Compliance and Documentation

Company Secretary Mr. Ankit Rajendrakumar Shah welcomed attendees and explained the regulatory framework enabling electronic meetings. The meeting was conducted under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with the registered office serving as the deemed venue.

The Consolidated Scrutinizer's Report on remote e-voting and meeting e-voting will be published on BSE Limited's website, NSDL's e-voting platform, and the company's official website within the specified timeframe. The meeting proceedings demonstrate Western Ministil Limited's commitment to maintaining regulatory compliance while facilitating shareholder participation through digital platforms.

We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.

Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.

As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation.

We plan to change that - a technology-led and artificial intelligence enabled platform built for super traders and long term investors.

Disclaimer:

The data and information provided on this website is for general informational and research purposes only. While we strive to ensure that the content is accurate, up-to-date, and reliable, this platform utilizes artificial intelligence (AI) tools to generate, curate, and summarize information. As such, the content may occasionally contain errors, omissions, or outdated information. All users are therefore advised to cross verify the source of the data and information.

This website does not constitute professional, legal, financial, medical, or any other form of licensed advice. Users are encouraged to independently verify any information before relying on it, especially for decisions that may have legal, financial, or personal consequences.

The views, analyses, and summaries presented on this platform may be generated or assisted by AI and do not necessarily reflect the opinions of the website owners, operators, editors, or affiliates.

We make no warranties or representations, express or implied, regarding the completeness, accuracy, reliability, suitability, or availability of the information contained on this website. Any reliance you place on such information is strictly at your own risk.

This website may include links to third-party sources or content. We do not control or endorse the nature, accuracy, or availability of those external sites and are not responsible for any content or damages arising from their use.

By using this website, you acknowledge and agree that the use of AI-generated content involves inherent limitations, uncertainties and inaccuracies, and you accept full responsibility for how you interpret and use the information provided.

We reserve the right to modify, update, or remove content and this disclaimer at any time without prior notice.