SK Minerals & Additives Limited has revised the list of proposed allottees for the preferential issue of convertible warrants scheduled for approval at its Extraordinary General Meeting (EGM) on July 09, 2026. The company will issue 5,500,000 warrants at a price of ₹397 per warrant, including a premium of ₹387, to raise a total of ₹2,183,500,000.

The corrigendum, issued in compliance with a request from BSE Limited dated June 22, 2026, substitutes the previous table of allottees with a revised list. The issue comprises 2,800,000 warrants to promoters and the promoter group, and 2,700,000 warrants to non-promoters. The issue price remains unchanged from the original notice dated June 17, 2026.

Preferential Allotment Details

The preferential issue is divided between promoter and non-promoter categories. The total consideration for the promoter and promoter group category is ₹1,111,600,000, while the non-promoter category will contribute ₹1,071,900,000.

Shareholding Pattern

Following the conversion of warrants into equity shares, the shareholding pattern of the company will undergo a change. The promoters' shareholding will decrease from 73.53% to 66.52%, while the public shareholding will increase from 26.47% to 33.48%. The total paid-up equity share capital will increase from 12,240,000 shares to 17,740,000 shares.

The company stated that the proposed allotment will not result in any change in the control or management of SK Minerals & Additives Limited. The corrigendum also includes a clause regarding the re-computation of the price of specified securities in accordance with SEBI ICDR regulations, ensuring that securities remain locked-in until any required payments are made.

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.