SK Minerals & Additives Limited secured shareholder approval to increase its authorized share capital and issue 55,00,000 convertible warrants during its second Extra-Ordinary General Meeting (EGM) held on July 9, 2026. The meeting, conducted via video conferencing, addressed the need for a robust financial foundation to capitalize on emerging opportunities in the specialty chemicals and advanced materials industry. Both resolutions were passed with 100% of the votes polled in favour, reflecting strong shareholder support for the company's capital restructuring plans.

Resolutions Passed

The shareholders approved two key resolutions during the meeting. The first was an ordinary resolution to increase the authorized capital of the company and consequentially alter the Memorandum of Association. The second was a special resolution regarding a preferential issue of convertible warrants.

Details of the Preferential Issue

The special resolution authorized the preferential allotment of 55,00,000 convertible warrants. These warrants are to be issued to persons belonging to the promoter and promoter group as well as the non-promoter category.

Voting Results

A total of 90,76,982 votes were polled, representing 74.16% of the total outstanding shares. The remote e-voting facility was open from July 6, 2026, to July 8, 2026, and e-voting was also available during the meeting until 11:55 A.M. on July 9, 2026. The record date for determining shareholder eligibility was July 1, 2026.

Meeting Proceedings

The EGM commenced at 11:30 A.M. and concluded at 11:40 A.M. (IST). Mr. Mohit Jindal, Chairman and Managing Director, chaired the meeting, which was attended by key executives including Mr. Rohit Jindal and Mr. Shubham Jindal, Executive Directors. The scrutinizer for the meeting was Mr. Sumit Ghai of Lal Ghai & Associates.

SK Minerals & Additives Limited disclosed a turnover of Rs. 6447.76 Lakhs for the quarter ended June 30, 2026, reflecting significant growth compared to the same period in the prior year. The company reported this figure in a regulatory filing submitted to BSE Limited, detailing its operational performance for the first quarter of FY27. The revenue surge highlights increased business activity for the manufacturer and supplier of advanced additives, nutrients, and chemicals.

The financial data reveals a substantial year-on-year expansion in revenue from operations. For the quarter ended June 2026, the company achieved Rs. 6447.76 Lakhs in turnover, up from Rs. 3434.04 Lakhs in the quarter ended June 2025. This represents an 87.76% growth on a year-on-year basis. However, the figure shows a decline from the immediately preceding quarter ended March 2026, which recorded a turnover of Rs. 12708.35 Lakhs.

Financial Performance

The following table outlines the turnover performance of SK Minerals & Additives Limited across different periods:

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Mohit Jindal, Chairman & Managing Director of the company.