Board Meeting1 Jun 2026, 08:12 pm
SK Minerals to Issue Convertible Warrants Worth ₹222 Cr
AI Summary
SK Minerals & Additives Ltd board approved the issuance of up to 60,00,000 convertible warrants at ₹370 per warrant, totaling ₹222 crores, to promoters and non-promoters on a preferential basis. The board also approved increasing the authorized share capital from ₹150,000,000 to ₹250,000,000, subject to member approval at an EGM scheduled for July 1, 2026. A credit rating agency will be appointed for the warrant issue.
Key Highlights
- SK Minerals to issue up to 60,00,000 convertible warrants at ₹370 each.
- Total warrant issuance amounts to ₹222 crores via preferential issue.
- Authorized share capital to increase from ₹150,000,000 to ₹250,000,000.
- EGM scheduled for July 1, 2026, to approve share capital increase and warrant issuance.
- Warrants are convertible into equity shares within 18 months from allotment.
Price Impact
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