SK Minerals & Additives Ltd has received in-principle approval from BSE Limited for the issuance of warrants on a preferential basis. The approval was communicated through BSE letter bearing reference no. LOD/PREF/DA/FIP/644/2026-27, dated August 10, 2026, and was intimated to the exchange by the company's Chairman & Managing Director, Mohit Jindal, on August 11, 2026.

Preferential Issue Details

The in-principle approval covers the issuance of 55,00,000 (Fifty-Five Lakh) warrants, each convertible into one equity share. The key parameters of the proposed preferential issue are outlined below:

Regulatory Compliance Requirements

BSE has stipulated that the in-principle approval does not constitute approval for listing of the securities, and SK Minerals & Additives must separately comply with all listing requirements upon allotment. The exchange has directed the company to ensure that the issue and allotment of securities strictly adhere to applicable laws and regulations, including:

• The Companies Act, 2013
• Securities Contracts (Regulation) Act, 1956
• The Securities and Exchange Board of India Act, 1992
• The Depositories Act, 1996
• Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations)
• SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations)

Internal Controls and Allottee Undertakings

BSE has specifically advised the company to strengthen internal controls to monitor trades executed by proposed allottees in the company's scrip prior to allotment. In this regard, the company is required to obtain an undertaking from each allottee confirming that they shall not engage in intra-day trading or any sale in the company's scrip until the allotment date, as mandated under SEBI (ICDR) Regulations. The responsibility to verify compliance with these requirements rests solely with SK Minerals & Additives as the issuer company.

Post-Allotment Obligations

Upon allotment of securities, the company is required to make a listing application to the recognized stock exchange(s) within twenty days from the date of allotment, along with applicable fees, in accordance with Regulation 14 of the LODR Regulations and SEBI circular no. SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023. Non-compliance with this timeline will attract fines as specified in the said SEBI circular. BSE has also reserved the right to withdraw the in-principle approval at any stage if information submitted is found to be incomplete, incorrect, misleading, or false, or if it contravenes applicable rules, bye-laws, or regulations.

SK Minerals & Additives Limited has appointed Sunita Rani as an Additional Director in the Executive category, effective August 10, 2026. The Board of Directors approved the appointment during its meeting held on August 10, 2026, acting on the recommendation of the Nomination and Remuneration Committee. This change in board composition marks a structural shift for the manufacturer of advanced additives, nutrients, and chemicals, bringing a promoter with extensive industry experience into a formal governance role.

The appointment is subject to shareholder approval at the company’s ensuing Annual General Meeting (AGM). Until such approval is granted, Sunita Rani will hold office as an Additional Director. The company disclosed the change pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with Schedule III of the Listing Regulations and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Director Profile and Relationships

Sunita Rani brings 15 years of experience in the specialty chemicals industry to the board. She is a promoter of SK Minerals & Additives Limited and previously operated as the sole proprietor of M/s SK Minerals. The filing highlights her administrative and communication skills as key qualifications for the role. Her Director Identification Number (DIN) is 08938748.

The disclosure outlines specific familial relationships within the board structure:

Mohit Jindal, who serves as Chairman & Managing Director (DIN: 05351969), signed the disclosure letter dated August 11, 2026. The filing confirms that Sunita Rani is not restrained from acting as a director by any SEBI order or other authority.

Governance Implications

The appointment strengthens the promoter family’s presence on the board, with Sunita Rani joining her sons, Mohit Jindal and Rohit Jindal, in key leadership positions. As an Executive Director, she will participate actively in the management and strategic direction of the company. The requirement for AGM approval ensures that the broader shareholder base retains final say on this composition change, aligning with standard corporate governance practices for listed entities in India.