SK Minerals & Additives Limited approved the regularization and re-appointment of three Non-Executive Independent Directors during its 1st Extra-Ordinary General Meeting (EGM) held on June 19, 2026. The meeting, conducted via video conferencing, saw shareholders pass three special resolutions with 100% of votes polled in favour, strengthening the company's board governance for the financial year 2026-27.

Board Resolutions

The shareholders validated the appointment of Dr. Ashish Mathur as a Non-Executive Independent Director not liable to retire by rotation. His tenure is regularized for a term of one year commencing from March 24, 2026. Additionally, the meeting approved the re-appointment of Ms. Lakshmi Shankarnarayanan Iyer and Mr. Ramit Sikka for second terms of five consecutive years each.

Voting and Proceedings

M/s Lal Ghai & Associates, represented by Mr. Sumit Ghai, served as the Scrutinizer for the e-voting process. Remote e-voting was open from June 16, 2026, to June 18, 2026, and the e-voting platform remained accessible for 15 minutes after the meeting concluded at 11:58 A.M. IST. No shareholder queries were raised during the proceedings.

Key Attendees

The meeting was chaired by Mohit Jindal, Chairman & Managing Director, and attended by key personnel including Executive Directors Rohit Jindal and Shubham Jindal. The board composition was a focal point, with the approvals ensuring continuity in leadership and independent oversight.

The filings were submitted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

SK Minerals & Additives Limited has submitted newspaper clippings to BSE regarding its Extraordinary General Meeting (EGM) scheduled for July 9, 2026. The meeting seeks shareholder approval for increasing its authorised share capital and issuing 55,00,000 convertible warrants on a preferential basis to raise ₹218.35 crore. The advertisements were published in the Financial Express (English) and Desh Sewak (Punjabi).

The warrants are priced at ₹397 each, comprising a face value of ₹10 and a premium of ₹387, with a conversion period of 18 months from the date of allotment. The proceeds are intended for funding expansion and general corporate purposes. The board has appointed intermediaries including Mr. Sumit Ghai as scrutinizer, CA Rochak Batta as registered valuer, and CRISIL Ratings Limited as the monitoring agency.

Warrant Details

The key terms of the preferential warrant issuance are outlined below:

Shareholding Pattern

The issuance will alter the company's shareholding structure significantly. Post-conversion, the promoter and promoter group holding is expected to increase to 81.97%, up from 73.86%. The total number of equity shares will rise to 1,77,40,982 assuming full exercise of the warrants. The relevant date for determining the pricing and shareholding is June 10, 2026.

The meeting was convened under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board meeting commenced at 5:05 PM and concluded at 5:40 PM on June 10, 2026. Mohit Jindal, Chairman & Managing Director, signed the regulatory intimation regarding the outcome.