SK Minerals Approves Allotment of 54.93 Lakh Warrants at ₹397 Each

SK Minerals & Additives Ltd announced that its Board of Directors has approved the preferential allotment of 5,493,000 Convertible Warrants at an issue price of ₹397 per warrant. These warrants are convertible into an equivalent number of equity shares. The issue price includes a premium of ₹387 per warrant. The allotment is in accordance with SEBI ICDR Regulations. The company clarified that one allottee, Mrs. Sunita Gupta, was offered 22,000 warrants but was allotted 15,000. The securities are subject to lock-in restrictions. The board meeting was held on August 24, 2026.