Regulatory11 Aug 2026, 05:02 pm
SK Minerals Gets BSE In-Principle Approval for Warrants Issue
AI Summary
SK Minerals & Additives Ltd has received in-principle approval from BSE Limited for the issuance of 55,00,000 warrants, convertible into an equal number of equity shares, on a preferential basis. The issue price for these warrants is set at not less than ₹397 per share. This approval is subject to compliance with all applicable regulations, including the Companies Act, 2013, and SEBI's ICDR and LODR Regulations. The company is advised to strengthen internal controls and obtain undertakings from allottees regarding trading restrictions to prevent non-compliance.
Key Highlights
- BSE grants in-principle approval for preferential issue of warrants.
- 55 lakh warrants to be issued, convertible into equity shares.
- Issue price not less than ₹397 per share.
- Company must comply with SEBI and Companies Act regulations.
- Internal controls and allottee undertakings required.
Price Impact
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