SK Minerals & Additives Limited approved the preferential allotment of 54.93 lakh fully convertible warrants at an issue price of ₹397 per warrant. The transaction, finalized on August 24, 2026, involves 85 investors and includes a premium of ₹387 per warrant over the face value of ₹10.

The company has received 25% of the issue price, amounting to ₹99.25 per warrant, at the time of allotment. The remaining 75%, or ₹297.75 per warrant, is payable upon the exercise of the conversion option. Each warrant converts into one equity share within 18 months from the date of allotment.

Shareholding Pattern Shift

The issuance alters the company’s ownership structure upon full conversion. Promoter shareholding will decrease from 73.53% to 66.54%, while public holding will rise from 26.47% to 33.46%. The total post-issue share capital will stand at 177.33 lakh shares.

Promoters and promoter group entities subscribed to 28 lakh warrants, led by Sunita Rani (8 lakh), Mohit Jindal (5 lakh), and Rohit Jindal (5 lakh). Non-promoter investors accounted for 26.93 lakh warrants. Rahul Bansal HUF was the largest non-promoter allottee with 3 lakh warrants.

Subscription Details

One non-promoter allottee, Mrs. Sunita Gupta, was offered 22,000 warrants but received only 15,000, leaving 7,000 warrants unallotted in her case. The securities are subject to lock-in restrictions as prescribed under SEBI ICDR Regulations.

What the Numbers Show

The significant participation by promoters, who acquired over half of the total warrants issued, signals continued insider confidence despite the dilution in their percentage stake. The staggered payment structure, with only 25% upfront, reduces immediate cash inflow pressure on investors while deferring the bulk of the capital raise to the conversion window.

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.