Financial Results for Q1 FY27 (Quarter Ended June 30, 2026)
The Board approved the unaudited financial results for the quarter ended June 30, 2026:
Financial Performance (₹ in Lakhs):
- Revenue from Operations: ₹6,444.93
- Other Income: ₹36.08
- Total Income: ₹6,481.01
- Total Expenses: ₹5,964.09
- Profit Before Tax: ₹516.92
- Tax Expenses: ₹146.64 (Current Tax: ₹135.17, Deferred Tax: ₹11.47)
- Net Profit for the Period: ₹370.28
- Paid-up Equity Share Capital: ₹1,224.00 (Face Value ₹10 per share)
- Earnings Per Share (Basic & Diluted): ₹3.03
Comparative Figures (₹ in Lakhs):
- Previous Quarter (Q4 FY26): Revenue ₹12,686.88, Net Profit ₹825.50, EPS ₹7.88
- Corresponding Quarter Previous Year (Q1 FY26): Revenue ₹3,417.36, Net Profit ₹164.92, EPS ₹1.83
Board Meeting Outcomes
A. Appointment of Additional Director
Based on the recommendation of the Nomination and Remuneration Committee, the Board approved the appointment of Mrs. Sunita Rani (DIN: 08938748) as an Additional Director (Executive Category) of the Company with effect from 10th August, 2026, subject to applicable legal and regulatory requirements.
B. CSR Implementation
Based on the recommendation of the Corporate Social Responsibility (CSR) Committee, the Board approved the establishment of an in-house trust as a permissible implementing agency for undertaking CSR activities in accordance with Section 135 of the Companies Act, 2013 and the Companies (Corporate Social Responsibility Policy) Rules, 2014.
C. Revision in Remuneration Effective Date
Based on the recommendation of the Nomination and Remuneration Committee, the Board approved the revision in the effective date of increase in remuneration payable to Executive Directors Mr. Mohit Jindal, Mr. Rohit Jindal, and Mr. Shubham Jindal. The increase will now be effective from the date of shareholder approval at the ensuing Annual General Meeting, while keeping the quantum of remuneration and all other terms and conditions unchanged.
Auditor's Review Report
M/s Rajesh Dharampal & Associates, Chartered Accountants (ICAI-Firm Registration No: 0021920N), issued an unmodified review report on the unaudited financial results. The review was conducted in accordance with Standard on Review Engagements (SRE) 2410 issued by ICAI. The auditor concluded that nothing came to their attention that causes them to believe that the financial results contain any material misstatement.
IPO Fund Utilization
The company completed its Initial Public Offer (IPO) on 14th October, 2025, issuing 32,40,000 equity shares of face value ₹10 each at an issue price of ₹127 (including premium of ₹117 per share), aggregating to ₹4,114.80 lakhs.
Utilization of IPO Proceeds as on August 10, 2026 (₹ in Lakhs):
- Working Capital Requirement: Disclosed ₹3,100.00, Utilized ₹3,100.00
- Funding Capital Expenditure towards Plant & Machinery: Disclosed ₹504.91, Utilized ₹39.21, Unutilized ₹465.70
- General Corporate Purpose: Disclosed ₹269.89, Utilized ₹269.89
- Total: Disclosed ₹3,874.80, Utilized ₹3,409.10, Unutilized ₹465.70
The unutilized amount of ₹465.70 lakhs has been temporarily deployed in fixed deposits.
Other Corporate Developments
1. Increase in Authorized Share Capital
During the quarter, the Board approved an increase in Authorized Share Capital from ₹15,00,00,000 (15,000,000 equity shares of ₹10 each) to ₹25,00,00,000 (25,000,000 equity shares of ₹10 each), subject to shareholder approval at an Extraordinary General Meeting.
2. Preferential Issue of Warrants
The Board approved raising funds aggregating ₹218.35 crore through issuance of up to 55,00,000 Convertible Warrants at a price of ₹397 per warrant (including premium of ₹387 per warrant) to promoter/promoter group and non-promoter categories on a preferential basis. Warrant subscribers will pay 25% upfront and 75% at conversion within 18 months from allotment date, subject to shareholder and regulatory approvals.
Additional Information
- The company has one reportable business segment: trading of Industrial Chemicals & Manufacturing of Food, Feed & Polymer Additives
- Operating in single geographic segment: India
- Financial results are available on BSE website (www.bseindia.com) and company website (www.skminerals.net)
- The figures have been prepared following the same accounting policies as the most recent annual financial statements