Board Meeting15 Jun 2026, 05:40 pm
SK Minerals Board Approves ₹218 Cr Preferential Issue of Warrants
AI Summary
SK Minerals & Additives Ltd announced that its 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 issue is open to promoter/promoter group and non-promoter categories. An Extraordinary General Meeting (EGM) is scheduled for July 10, 2026, to seek shareholder approval. The company also appointed a scrutinizer, a registered valuer, and a monitoring agency for the preferential issue. Funds raised will be utilized as per SEBI regulations.
Key Highlights
- Board approves preferential issue of 55 lakh warrants.
- Issue size aggregates to ₹218.35 crore.
- Warrants priced at ₹397 each, convertible to equity.
- EGM scheduled for July 10, 2026, for shareholder approval.
- Appointed valuer and monitoring agency for the issue.
Price Impact
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