SK Minerals Board Approves Share Capital Increase & Warrant Issue

SK Minerals & Additives Ltd announced a significant Board Meeting outcome on June 01, 2026. The company approved an increase in authorized share capital from ₹15 Crores to ₹25 Crores, subject to member approval at an EGM. Additionally, the Board greenlit the preferential issuance of up to 60,00,000 convertible warrants at ₹370 each, aiming to raise ₹222 Crores. These warrants are convertible into equity shares within 18 months. An EGM is scheduled for June 30, 2026, to seek member and regulatory approvals for these proposals. A credit rating agency will also be appointed.