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 ₹63.10 crore as of April 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 10 acres of land near Khanna to expand manufacturing capacities. The overall production capacity is expected to increase to approximately 19,000 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.

SK Minerals & Additives Limited has scheduled its first Extra-Ordinary General Meeting (EGM) for Financial Year 2026-27 on June 19, 2026, to seek shareholder approval for the regularization and re-appointment of independent directors. The meeting, to be held via Video Conferencing, will address three special resolutions regarding the composition of the Board.

The Board recommends the appointment of Dr. Ashish Mathur (DIN: 09504105) as a Non-Executive Independent Director. Initially appointed as an Additional Director on March 24, 2026, his regularization is sought for a term of one year commencing from the same date. The company has received the necessary declarations confirming his eligibility and independence under the Companies Act, 2013, and SEBI LODR Regulations.

Shareholders will also vote on the re-appointment of Ms. Lakshmi Shankarnarayanan Iyer (DIN: 10961641) and Mr. Ramit Sikka (DIN: 09253518) as Independent Directors for second terms of five consecutive years each. Ms. Iyer's term is proposed to commence from February 25, 2026, while Mr. Sikka's term will commence from March 29, 2026. Both directors were re-appointed by the Board on March 24, 2026, following recommendations from the Nomination & Remuneration Committee.

Director Appointments

Remote e-voting will be open from June 16, 2026, at 09:00 AM (IST) to June 18, 2026, at 05:00 PM (IST). Shareholders registered as on the record date of June 11, 2026, are eligible to vote. The facility for appointing proxies will not be available as the meeting is conducted through VC/OAVM.