SK Minerals & Additives Ltd

Capital action

• Board approved allotment of 5,493,000 fully convertible warrants on a preferential basis at Rs 397 per warrant.
• Allotment to 85 investors; 25% upfront, 75% on exercise.
• Warrants are convertible into equal number of equity shares; exercise window 18 months.
• Sunita Gupta allotted 15,000 warrants; 7,000 unallotted.
• Warrants subject to lock-in under ICDR Regulations.

Post-issue ownership impact

• Post-issue promoters hold 66.54%; public 33.46%.
• Total post-issue shares: 17,733,000.

Disclosure and attendees

• Annexure-A lists allottees; 85 investors involved.
• Board meeting date: 24 August 2026.

Meeting Details

• Board meeting scheduled for Monday, 24 August 2026.
• Time: not disclosed.
• Location: not disclosed.

Key Agenda Items

• Consider and approve allotment of Convertible Warrants on a preferential basis.
• Allotment aligned with Special Resolution from EGM on 9 July 2026.

Other Notes

• Background: Special Resolution enabling preferential allotment passed at EGM on 9 July 2026.

In-principle approval for warrants

• BSE granted in-principle approval for 55,00,000 warrants convertible into equity shares.
• Warrants issued on a preferential basis to promoter/promoter group and non-promoter category.
• Conversion price: Rs 10 per share; issue price not less than Rs 397 per warrant.
• Approval under Regulation 28(1) SEBI LODR; letter dated 10 August 2026.

Appointment of Additional Director

• Appointment of Mrs. Sunita Rani as Additional Director (Executive) on the Board.
• Effective 10 August 2026; term until the ensuing AGM.
• Shareholders to approve at the forthcoming AGM.
• Promoter with 15 years’ experience in specialty chemicals; former sole proprietor of SK Minerals.
• Mother of MD Mohit Jindal and Director Rohit Jindal.
• Recommendation by Nomination and Remuneration Committee.
• Not restrained by SEBI order.

Financial results

• Board approved unaudited quarterly results for quarter ended June 30, 2026.
• Independent auditor's limited review report issued with unmodified opinion.

Governance and CSR actions

• Appointed Mrs. Sunita Rani as Additional Director (Executive) effective 10 August 2026.
• Approved establishment of in-house CSR implementing agency.
• Revised effective date for executives' remuneration increase, aligned with shareholders' AGM approval.

Use of proceeds

• Total issue proceeds are ₹21,835.00 lakhs (₹185.60 crore).
• Expansion and Growth receive ₹18,559.75 lakhs (85%).
• General Corporate Purposes receive ₹3,275.25 lakhs (15%).
• Expansion breakdown: Organic ₹2,500.00 lakhs; Inorganic ₹16,059.75 lakhs.
• Funds to be raised via preferential issue of convertible warrants per EGM notice.

Resolution 1: Increase authorised capital

• Ordinary resolution to increase authorised capital and alter MOA; promoter interest: No; votes in favour: 9,076,982.
• Turnout: 74.16% of issued shares.

Resolution 2: Issue of convertible warrants on preferential basis

• Special resolution to issue convertible warrants on preferential basis; promoter interest: No; passed.
• Turnout: 74.16% of issued shares.

Capital and MOA changes

• Increase in authorised capital approved; MOA altered accordingly (ordinary resolution).

Preferential issue details

• 55,00,000 convertible warrants proposed; for promoter/promoter group and non-promoter categories.

Use of funds

• Funds to support growth, manufacturing expansion, acquisitions, new technologies, and general corporate purposes.

Allottees and consideration

• Category: promoter/promoter group and non-promoter; names not disclosed.

Approvals and status

• Shareholder approvals via ordinary and special resolutions; meeting concluded successfully.

Post-meeting disclosures

• E-voting results to be announced within two working days and placed on the company website.

EGM purpose & resolutions

• Two resolutions: increase in authorized capital and preferential issue of convertible warrants.

Resolution 1: Authorized capital increase

• Type: Ordinary; Nature: increase authorized capital and alter MOA.

Resolution 2: Convertible warrants

• Type: Special; Nature: issue of 5,500,000 convertible warrants to promoter and non-promoter categories.

Voting status

• Voting results pending; to be announced within two working days.

Shareholding impact

• Potential future dilution on warrant conversion.

Use of funds / rationale

• Funds proposed to be raised for growth, manufacturing expansion, acquisitions, tech investments, and general corporate purposes.

Governance changes

• No board or KMP changes announced.

Other notes

• Pricing deemed transparent and aligned with applicable regulations.

SK Minerals & Additives Limited — Voluntary Trading Window Closure for the Quarter Ended 30th June, 2026 until 48 hours after the declaration of the un-audited financial results to the Stock Exchange.