SK Minerals & Additives Limited has scheduled a board meeting for June 10, 2026, to review and re-discuss 60,00,000 convertible warrants that were previously approved on June 1, 2026. The board will also consider the consequential revision of the schedule for the Extraordinary General Meeting (EGM), which was originally set for June 30, 2026. Additionally, the meeting will address the appointment of professional intermediaries required for the proposed preferential issue.

The board's agenda includes the appointment of a registered valuer to determine and ratify the pricing of the warrants under applicable SEBI and Companies Act provisions. A scrutinizer will be appointed to oversee the e-voting process for the EGM, ensuring a fair and transparent procedure. The company also plans to designate a monitoring agency to oversee the utilization of proceeds from the preferential issue in compliance with SEBI regulations.

In accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's code of conduct, the trading window for all designated persons and their immediate relatives has closed. This restriction will remain in effect until 48 hours after the conclusion of the board meeting and the formal disclosure of its outcome to the stock exchanges.

Agenda Items

The board meeting is convened under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's Chairman & Managing Director, Mohit Jindal, signed the intimation regarding the meeting and the subsequent trading window closure.

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.