Corporate Action10 Jun 2026, 06:11 pm
SK Minerals Approves ₹218 Cr Preferential Issue of Warrants
AI Summary
SK Minerals & Additives Ltd's Board of Directors has approved a preferential issue of up to 55,00,000 convertible warrants at Rs. 397 per warrant, aggregating to Rs. 218.35 crore. The issuance is to promoters, promoter group, and non-promoters. An Extraordinary General Meeting (EGM) is scheduled for July 9, 2026, to seek shareholder approval. The company also appointed a scrutinizer for e-voting, a registered valuer, and CRISIL Ratings as the monitoring agency for the utilization of funds. A special bank account will be opened for the proceeds.
Key Highlights
- Board approves preferential issue of 55 lakh warrants for ₹218.35 crore.
- Warrants priced at ₹397 each, convertible into equity shares.
- EGM scheduled for July 9, 2026, for shareholder approval.
- Funds to be raised from promoters, promoter group, and non-promoters.
- CRISIL appointed as monitoring agency for fund utilization.
Price Impact
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