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.

SK Minerals & Additives Limited has reported a 65.69% year-on-year increase in net profit to ₹18.12 crore for the year ended March 31, 2026, driven by a 50.18% rise in revenue from operations to ₹317.89 crore. The company’s EBITDA grew 68.27% to ₹32.14 crore, supported by better realizations, a favorable product mix, and operational efficiencies. The basic and diluted earnings per share (EPS) improved to ₹17.29 from ₹12.15 in the previous year.

Financial Performance

Revenue from operations for FY26 rose to ₹317.89 crore from ₹211.67 crore in FY25. Total expenses increased to ₹292.06 crore from ₹196.89 crore in the prior year. Profit before tax stood at ₹27.18 crore, compared to ₹15.25 crore in FY25. The company reported an order book of ₹55 crore as of May 2026.

Operational Highlights

The company operates a single reportable segment focused on the trading of industrial chemicals and the manufacturing of food, feed, and polymer additives. For the half-year ended March 31, 2026 (H2FY26), revenue increased 87.90% year-on-year to ₹208 crore, while net profit rose 72.78% to ₹11.11 crore. Management highlighted that the recent foray into manufacturing halogen-free flame-retardants under the brand 'HOFNIL' is seeing strong traction. The product, launched in November 2025, has a current capacity of 400 MT per month and expects a cumulative revenue of ₹200 crore by the end of FY28.

Expansion and Governance

The company successfully completed its Initial Public Offer (IPO) on October 14, 2025, issuing 32,40,000 equity shares at ₹127 per share, with net proceeds of ₹38.75 crore. As of March 31, 2026, ₹33.70 crore had been utilised. To support future growth, the company has acquired approximately 9.6 acres of land near Khanna to expand manufacturing capacities. The overall production capacity is expected to increase to approximately 18,000 MTPA within the next 12 to 18 months. The Board has approved the convening of the first Extra-Ordinary General Meeting on June 19, 2026, and the voluntary adoption of quarterly financial results.

Investor Call Update

Pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has intimated the outcome of the Investors/Analysts Call held on Friday, May 29, 2026. Management stated that EBITDA margins increased from 9% to 10% and PAT margins increased from 5% to 6% in FY26. The audio recording of the call, which discussed the audited financial results for the year ended March 31, 2026, is available on the company's website.