SK Minerals & Additives has entered into a technical and commercial cooperation agreement with Italian firm iPOOL s.r.l. The partnership, announced on September 4, 2026, focuses on joint research and development of flame-retardant additives.

The collaboration aims to develop high-performance, application-oriented solutions for the wire and cable, electric vehicle, and automotive sectors. SK Minerals stated the deal will strengthen its technical capabilities and accelerate the commercialisation of value-added products.

Strategic Focus Areas

The agreement covers joint R&D initiatives, technical development, formulation support, and application development. Both companies intend to address evolving customer requirements for safety, performance, and regulatory compliance in next-generation material solutions.

iPOOL s.r.l., founded in 2011 as a spin-off of the National Research Council (CNR) of Pisa, brings expertise in polymer materials and halogen-free flame-retardant compounds. Its Materials Division supports development in PVC and HFFR cable compounds, extrusion optimization, and international fire-testing standards including the European CPR.

Leadership Commentary

Mohit Jindal, Chairman and Managing Director of SK Minerals, described the partnership as a milestone in building a technology-led business. He noted that the collaboration would enable the company to pursue new opportunities in high-value specialty material applications.

Jindal emphasized that the move is not merely a commercial association but an opportunity to build a long-term technology and innovation partnership. He highlighted the trust placed by Dr. Camillo Cardelli of iPOOL in the Indian manufacturer’s capabilities.

Company Background

SK Minerals & Additives Limited is based in Khanna, Punjab. It manufactures halogen-free flame-retardant additives, food additives, and industrial chemicals. The company supplies to automotive, electrical, electronics, cables, construction, and food sectors.

iPOOL operates with an ISO 9001:2015 certified quality management system. It provides specialized consultancy to public and private organizations in environmental protection, safety, and advanced material technologies.

SK Minerals & Additives Limited approved the preferential allotment of 54.93 lakh fully convertible warrants at an issue price of ₹397 per warrant. The transaction, finalized on August 24, 2026, involves 85 investors and includes a premium of ₹387 per warrant over the face value of ₹10.

The company has received 25% of the issue price, amounting to ₹99.25 per warrant, at the time of allotment. The remaining 75%, or ₹297.75 per warrant, is payable upon the exercise of the conversion option. Each warrant converts into one equity share within 18 months from the date of allotment.

Shareholding Pattern Shift

The issuance alters the company’s ownership structure upon full conversion. Promoter shareholding will decrease from 73.53% to 66.54%, while public holding will rise from 26.47% to 33.46%. The total post-issue share capital will stand at 177.33 lakh shares.

Promoters and promoter group entities subscribed to 28 lakh warrants, led by Sunita Rani (8 lakh), Mohit Jindal (5 lakh), and Rohit Jindal (5 lakh). Non-promoter investors accounted for 26.93 lakh warrants. Rahul Bansal HUF was the largest non-promoter allottee with 3 lakh warrants.

Subscription Details

One non-promoter allottee, Mrs. Sunita Gupta, was offered 22,000 warrants but received only 15,000, leaving 7,000 warrants unallotted in her case. The securities are subject to lock-in restrictions as prescribed under SEBI ICDR Regulations.

What the Numbers Show

The significant participation by promoters, who acquired over half of the total warrants issued, signals continued insider confidence despite the dilution in their percentage stake. The staggered payment structure, with only 25% upfront, reduces immediate cash inflow pressure on investors while deferring the bulk of the capital raise to the conversion window.