Key Quantitative Figures

  • Total warrants to be issued: 5,500,000 convertible warrants
  • Issue price per warrant: ₹397 (including premium of ₹387 per equity warrant)
  • Total consideration: ₹218.35 crore
  • Promoter/Promoter Group allocation: 2,800,000 warrants (₹111.16 crore)
  • Non-Promoter allocation: 2,700,000 warrants (₹107.19 crore)
  • Pre-issue share capital: 12,240,000 shares
  • Post-conversion share capital: 17,740,000 shares
  • Pre-issue promoter holding: 73.53% (8,999,982 shares)
  • Post-conversion promoter holding: 66.52% (11,799,982 shares)
  • Pre-issue public holding: 26.47% (3,240,018 shares)
  • Post-conversion public holding: 33.48% (5,940,018 shares)

Parties Involved

  • Issuer: SK Minerals & Additives Limited
  • Regulatory authority: BSE Limited
  • Company Secretary: Lal Ghai & Associates (Sumit Ghai)
  • 85 allottees comprising promoters, promoter group entities, and non-promoters
  • Key promoter allottees: Sunita Rani (800,000 warrants), Mohit Jindal (500,000 warrants), Rohit Jindal (500,000 warrants), Sandhu Rice Mills (400,000 warrants), Shubham Jindal (250,000 warrants)

Capital Structure Impact

  • The preferential issue will result in significant dilution of existing shareholding
  • Promoter holding will decrease by approximately 7 percentage points (73.53% to 66.52%)
  • Public holding will increase by approximately 7 percentage points (26.47% to 33.48%)
  • Post-conversion, the total outstanding shares will increase from 12.24 million to 17.74 million shares
  • The issue will not lead to any change in control or management of the Company

Additional Undertakings

  • The Company undertakes to recompute the price of specified securities as required under SEBI ICDR regulations
  • Unpaid amounts from recomputation will result in continued lock-in of securities until payment is made

Distribution

  • The corrigendum is being sent via email to members with registered email IDs
  • Available on company website: https://skminerals.net
  • Available on CDSL website: www.evotingindia.com
  • Available on BSE website: www.bseindia.com