Board Meeting2 Jun 2026, 01:07 pm
SK Minerals to Raise ₹222 Cr via Preferential Issue of Warrants
AI Summary
SK Minerals & Additives Ltd has announced a board-approved plan to increase its authorized share capital from ₹15 Cr to ₹25 Cr. Additionally, the company will issue up to 60,00,000 convertible warrants on a preferential basis to promoters and non-promoters at a price of ₹370 per warrant, aggregating to ₹222 Cr. Each warrant is convertible into one equity share within 18 months. An Extraordinary General Meeting (EGM) is scheduled for June 30, 2026, to seek shareholder approval for these capital-raising initiatives.
Key Highlights
- Authorized share capital increased from ₹15 Cr to ₹25 Cr.
- Preferential issue of 60 lakh warrants at ₹370 per warrant to raise ₹222 Cr.
- Warrants are convertible into equity shares within 18 months from allotment.
- EGM scheduled for June 30, 2026, to approve capital expansion and warrant issuance.
Price Impact
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