Meeting Details

The 2nd Extraordinary General Meeting (EGM) of SK Minerals & Additives Limited is scheduled to be held on Thursday, July 09, 2026 at 11:30 AM (IST) through Video Conferencing (VC)/Other Audio Visual Means (OAVM).

Cut-off Dates

  • Register of Members cut-off: Tuesday, June 16, 2026
  • E-voting eligibility cut-off: Wednesday, July 01, 2026
  • Remote e-voting period: Monday, July 06, 2026 (09:00 AM) to Wednesday, July 08, 2026 (05:00 PM)

Resolutions Proposed

Item 1: Increase in Authorised Share Capital (Ordinary Resolution)

  • Current Authorised Share Capital: ₹150,000,000 divided into 15,000,000 equity shares of ₹10 each
  • Proposed Authorised Share Capital: ₹250,000,000 divided into 25,000,000 equity shares of ₹10 each
  • Increase by: ₹100,000,000 through creation of 10,000,000 additional equity shares
  • Shares will rank pari-passu with existing equity shares
  • Requires alteration of Clause V of Memorandum of Association

Item 2: Preferential Issue of Convertible Warrants (Special Resolution)

  • Total Warrants: 55,00,000 convertible warrants
  • Issue Price: ₹397 per warrant (including premium of ₹387 per warrant)
  • Total Fund Raise: ₹218,35,00,000
  • Conversion Terms: Each warrant convertible into 1 equity share of ₹10 each at premium of ₹387 per share within 18 months from allotment
  • Payment Structure: 25% payable at allotment, 75% payable upon conversion

Proposed Allottees Breakdown

Promoter/Promoter Group Allottees (28,00,000 warrants - ₹111.16 crore)

  • Sunita Rani: 8,00,000 warrants (₹31.76 crore)
  • Mohit Jindal: 5,00,000 warrants (₹19.85 crore)
  • Rohit Jindal: 5,00,000 warrants (₹19.85 crore)
  • Sandhu Rice Mills: 4,00,000 warrants (₹15.88 crore)
  • Shubham Jindal: 2,50,000 warrants (₹9.925 crore)
  • A.M. Agrovet: 1,50,000 warrants (₹5.955 crore)
  • Niketa: 1,00,000 warrants (₹3.97 crore)
  • Geeta Rani: 1,00,000 warrants (₹3.97 crore)

Non-Promoter Allottees (27,00,000 warrants - ₹107.19 crore)

77 non-promoter allottees including:

  • Rahul Bansal HUF: 3,00,000 warrants (₹11.91 crore)
  • Vipin Aggarwal: 1,60,000 warrants (₹6.352 crore)
  • Fylfot Securities Pvt Ltd: 1,50,000 warrants (₹5.955 crore)
  • Multiple other entities and individuals with allocations ranging from 1,000 to 1,00,000 warrants

Pricing Mechanism

  • Relevant Date: June 10, 2026 (30 days prior to EGM date)
  • Floor Price Calculation: Higher of:
  • 90-day VWAP: ₹256.30
  • 10-day VWAP: ₹396.45
  • Independent Valuation: ₹396.45 (by CA Rochak Batta, IBBI/RV/06/2019/12452)
  • Final Issue Price: ₹397 (above floor price of ₹396.45)

Objects of the Issue

  • 85% (₹186 crore): Funding organic & inorganic growth opportunities, strategic acquisitions, expansion projects, setting up new manufacturing capacities, enhancement of existing capacities, investments in subsidiaries/associates
  • 15% (₹33 crore): General corporate purposes
  • Allowable deviation: +/- 10% as per BSE notice dated December 13, 2022

Monitoring Agency

CRISIL Ratings Limited (SEBI Reg No. IN/CRA/001/1999) or other eligible agency to be appointed to monitor utilization of proceeds since issue size exceeds ₹100 crore.

Shareholding Impact

  • Pre-issue capital: 1,22,40,000 equity shares
  • Post-conversion capital: 1,77,40,000 equity shares (after full conversion of 55,00,000 warrants)
  • Promoter holding change: From 73.53% to 66.52%
  • Public holding change: From 26.47% to 33.48%
  • No change in control or management of the Company

Lock-in Requirements

  • Warrants and equity shares issued upon conversion subject to lock-in as prescribed under SEBI ICDR Regulations
  • Pre-preferential shareholding of proposed allottees and equity shares to be allotted shall be under lock-in as per Chapter V of SEBI ICDR Regulations

E-voting Arrangements

  • Scrutinizer: Mr. Sumit Ghai, Practicing Company Secretary
  • Remote e-voting through CDSL/NSDL systems for demat shareholders
  • Physical shareholders and non-individual shareholders to vote through CDSL e-voting system
  • Results to be declared within 48 hours of meeting conclusion and posted on company website

Documents Availability

  • EGM notice available on company website (www.skminerals.net) and BSE website (www.bseindia.com)
  • Valuation report by independent valuer available on company website
  • Modified Memorandum of Association available for electronic inspection during business hours