SK Minerals & Additives

Strategic Collaboration

SK Minerals & Additives Limited has entered into a Technical and Commercial Cooperation and Collaboration Agreement with Italy-based iPOOL s.r.l. This partnership is designed to combine technical expertise and market capabilities in the field of flame-retardant additives and compounds.

The collaboration will focus on:

• Joint R&D Initiatives: Researching and developing innovative, high-performance, and application-oriented flame-retardant solutions.
• Technical and Application Support: Providing formulation support and identifying new commercial opportunities based on evolving customer requirements.
• Target Sectors: Developing materials for high-growth industries, specifically wire & cable, electric vehicle (EV), and automotive sectors, driven by increasing needs for safety, performance, and regulatory compliance.

Partners' Roles

• iPOOL s.r.l.: Founded in 2011 as a spin-off from the Institute for Chemical-Physical Processes of the National Research Council (CNR) of Pisa, iPOOL is an Italian technology and consultancy company. Their Materials Division specializes in raw materials for PVC and HFFR (Halogen-Free Flame-Retardant) cable compounds, compounding equipment, extrusion optimization, laboratory testing, and international fire-testing standards.
• SK Minerals & Additives Limited: An Indian specialty chemical company, SK Minerals will contribute its manufacturing capabilities and existing innovative additive solutions, aiming to accelerate the development and commercialization of value-added products.

Management Commentary

Mr. Mohit Jindal, Chairman & Managing Director of SK Minerals & Additives Limited, stated that the collaboration represents an important milestone in the company’s journey to build a technology-led and innovation-driven business. He highlighted that the partnership is expected to strengthen the company’s R&D infrastructure and allow it to participate more meaningfully in emerging, high-value industrial opportunities.

Investor Takeaway

This collaboration is a strategic move to bolster the company's competitive positioning through enhanced R&D and technical partnerships. For investors, the development underscores the company's focus on high-growth sectors such as EVs and specialized flame-retardant materials. Future monitoring should focus on milestones related to product development, the commercialization of new solutions resulting from this collaboration, and any specific contributions to revenue growth.

Board Meeting Overview

SK Minerals & Additives Limited has issued a prior intimation regarding a Board of Directors meeting scheduled for September 7, 2026. The meeting aims to finalize necessary arrangements for the company's 4th Annual General Meeting (AGM).

Agenda Items

The board will consider and approve the following matters:

• AGM Logistics: Fixing the date, time, and mode of convening the 4th Annual General Meeting.
• Financial Reporting: Consideration and approval of the Annual Report for the financial year ended March 31, 2026, which includes the Board’s Report and its respective annexures.
• Meeting Notice: Approval of the notice convening the 4th AGM, along with the associated explanatory statement.
• Other Business: Any additional items to be transacted with the permission of the Chair.

What This Means for Investors

This announcement is part of the standard corporate governance process leading up to an Annual General Meeting. Investors should watch for the subsequent announcement following the board meeting, which will confirm the finalized AGM date and provide the official notice to shareholders.

Key Highlights

The Board of Directors of SK Minerals & Additives Ltd has approved the preferential allotment of 5,493,000 convertible warrants, marking a significant capital-raising event. The company has secured 25% of the total issue price upfront.

Fundraising Details

Allotment Breakdown

The warrants were allotted to 85 investors. The promoter and promoter group received 2,800,000 warrants, while non-promoters were allotted 2,693,000 warrants. The company clarified a minor adjustment where Mrs. Sunita Gupta was offered 22,000 warrants but was allotted 15,000, leaving 7,000 warrants unallotted.

Shareholding Impact

The following table outlines the potential change in shareholding structure, assuming full conversion of the warrants into equity shares.

Investor Takeaway

This allotment represents a capital infusion for SK Minerals & Additives Ltd. Investors should monitor how the company utilizes the proceeds from this issue, as the full conversion of warrants will result in equity dilution. Shareholders should watch the 18-month conversion window and future updates on the deployment of these funds.

Board Meeting Intimation

SK Minerals & Additives Ltd has informed the BSE that a meeting of its Board of Directors is scheduled for Monday, August 24, 2026. The key item on the agenda is to consider and approve the allotment of convertible warrants on a preferential basis.

Background to the Allotment

The proposed issuance of convertible warrants is not a new development but follows a Special Resolution previously approved by the members of the company. This resolution was passed during the Extra-Ordinary General Meeting (EGM) held on July 9, 2026. The company has stated that the upcoming allotment will be executed in compliance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

What This Means for Investors

For existing shareholders, the board meeting is a procedural step toward finalizing the fund-raising activity authorized by the shareholders at the July EGM. Investors should monitor the upcoming outcome of the board meeting for official confirmation of the allotment terms, including the number of warrants, the issue price, and the identity of the allottees, if disclosed.

Key Highlights

Corporate Action Details

SK Minerals & Additives Limited has received formal in-principle approval from BSE Limited for the issuance of 55 lakh warrants on a preferential basis. These warrants will be issued at a price of ₹397 each and are convertible into equity shares with a face value of ₹10. The issuance is intended for both the promoter/promoter group and the non-promoter category.

Regulatory Compliance

The company is mandated to strictly adhere to the Companies Act, 2013, and SEBI (ICDR) Regulations, 2018. As part of the approval conditions, the company is required to:

• Strengthen Internal Controls: Ensure monitoring of trades by allottees to prevent any intra-day trading or sale of company scrip until the allotment date.
• Listing Application: File the listing application with recognized stock exchanges within twenty days from the date of allotment, as per the specified SEBI circulars.
• Compliance Verification: Assume sole responsibility for verifying that allottees comply with the required trading undertakings.

Failure to meet these compliance standards may impact the listing of the shares. The approval is subject to the company's adherence to all relevant rules, bye-laws, and regulations issued by statutory authorities.

Investor Takeaway

The BSE in-principle approval is a necessary procedural milestone that allows the company to proceed with the next phase of its capital-raising exercise. For investors, the primary focus should be on the subsequent timelines for the actual allotment of warrants and the company's ability to maintain the required regulatory controls during this process. Investors should continue to monitor future filings for updates on the allotment status and successful completion of the listing formalities.

Board Appointment Details | Particular | Details |

| :--- | :--- |
| Name | Mrs. Sunita Rani |
| Position | Additional Director (Executive Category) |
| Appointment Date | 10th August 2026 | ## Director Background Mrs. Sunita Rani is a promoter of the company and has approximately 15 years of experience in the specialty chemicals industry. She was previously the sole proprietor of M/s SK Minerals. There are no regulatory restraints preventing her from acting as a director. ## Governance and Promoter Involvement The appointment adds a promoter to the executive board. Mrs. Rani is the mother of the current Managing Director, Mr. Mohit Jindal, and Director, Mr. Rohit Jindal. This change further consolidates family representation within the executive management team. ## Investor Takeaway This appointment is a corporate governance update. Investors should note the increased promoter presence in the executive team. While routine, such changes are useful to track for governance monitoring, as they reflect the leadership structure and decision-making alignment of the company.

Key Highlights

SK Minerals & Additives Limited reported strong performance for the quarter ended June 30, 2026, alongside significant strategic corporate updates, including a major fundraising plan via warrants.

Financial Snapshot

The company demonstrated substantial year-on-year growth in both revenue and profitability.

Corporate Action Details

The Board of Directors approved several strategic actions to support growth and governance:

• Fundraising: Issuance of 55,00,000 convertible warrants at a price of ₹397 per warrant, aggregating to ₹218.35 crore.
• Capital Structure: Increase in authorized share capital from 1.5 crore shares to 2.5 crore shares.
• Governance: Appointment of Mrs. Sunita Rani as an Additional Director (Executive Category) and establishment of an in-house CSR trust.
• Remuneration: Revision in the effective date of remuneration increase for Executive Directors, with quantum and terms unchanged.

Concerns and Watch Points

Investor Takeaway

SK Minerals & Additives has delivered a robust quarter with significant revenue and profit growth year-on-year. The announcement of a substantial fundraising exercise (₹218.35 crore via warrants) and the expansion of authorized capital signal aggressive growth intent. Investors should monitor the deployment of these new funds and track the utilization of remaining IPO proceeds for capital expenditure. The unmodified audit opinion provides confidence in the reported financial integrity.

Key Highlights

SK Minerals & Additives Limited has clarified the utilization of funds raised through its proposed preferential issue of convertible warrants. This disclosure addresses BSE requirements to ensure the "Object of the Issue" is specific rather than open-ended.

Growth Strategy Breakdown

The company has bifurcated the funds allocated to "Expansion and Growth" to provide clarity to shareholders.

Inorganic Growth Focus

The bulk of the expansion funding, amounting to ₹160.60 crore (₹16,059.75 lakh), is directed toward inorganic growth. This includes:

• Strategic acquisitions and mergers.
• Investments in businesses operating in similar or complementary sectors.
• Investment vehicles and other strategic investment opportunities.
• Loans or investments in subsidiaries and associates.

Organic Growth Focus

The remaining ₹25 crore (₹2,500 lakh) is allocated to organic growth, which includes:

• Expansion of existing manufacturing operations.
• Setting up new manufacturing capacities.
• Enhancing existing manufacturing capabilities.
• Establishing new manufacturing units.

General Corporate Purposes

The remaining 15% of the total issue proceeds, amounting to ₹32.75 crore (₹3,275.25 lakh), is allocated for general corporate purposes, including ongoing business exigencies and contingencies as determined by the Board.

What This Means for Investors

This filing provides transparency regarding how the company intends to deploy the ₹218.35 crore (₹21,835 lakh) raised through its proposed preferential issue. The management's clear prioritization of inorganic growth—signified by the allocation of approximately 73.5% of the total issue size to M&A and strategic investments—suggests an aggressive expansion strategy. Investors should monitor future announcements regarding potential acquisitions or strategic partnerships as these will be key execution milestones.

Investor Takeaway

The company has successfully complied with regulatory requirements to provide specific details on fund utilization. With a strong lean toward inorganic expansion (₹160.60 crore) over organic development (₹25 crore), the company is signaling a high appetite for growth through external avenues. Shareholders should track the company's progress on identifying and closing these strategic investment opportunities, as they are central to the current fund-raising rationale.

Board Meeting Announcement

SK Minerals & Additives Limited has scheduled a meeting of its Board of Directors for Monday, August 10, 2026. The purpose of this meeting is to consider and approve, among other matters, the unaudited financial results for the quarter ended June 30, 2026.

Investor Relevance

This filing is a procedural requirement under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification serves to inform the exchange and shareholders of the upcoming disclosure timeline for the company's financial performance. Investors should look for further updates from the company regarding the outcome of this meeting.

Key Highlights

Voting Results Summary

The company conducted its 2nd Extra-Ordinary General Meeting via Video Conferencing. Both resolutions placed before the shareholders were passed with full support.

All voting was conducted electronically, and the process was validated by an appointed scrutinizer, Mr. Sumit Ghai of Lal Ghai & Associates.

Strategic Developments

• Increase in Authorised Share Capital: Shareholders approved an ordinary resolution to increase the authorized share capital of the company. This action typically involves altering the capital clause of the Memorandum of Association, a move often required to facilitate future capital raising or other corporate structural changes.
• Issuance of Convertible Warrants: The company received special resolution approval to issue convertible warrants on a preferential basis. This is a significant strategic development, indicating the company's intent to raise capital or restructure its equity, which may have future implications for dilution and funding of growth projects.

Investor Takeaway

The unanimous support for these resolutions indicates strong alignment between the company's management and its shareholders regarding these strategic moves. Investors should view the authorized capital increase and the preferential issuance of warrants as foundational steps for the company’s capital allocation and expansion strategies. Moving forward, market participants should watch for further disclosures regarding the specific terms, pricing, and allottees of the convertible warrants as these become available.

Key Highlights

Important Figures Used

Corporate Action Details

During the 02nd Extra-Ordinary General Meeting, shareholders provided approval for two significant corporate actions. First, an Ordinary Resolution was passed to increase the authorized capital of the company and alter the Memorandum of Association. Second, a Special Resolution was approved for the preferential issuance of 5,500,000 convertible warrants to persons belonging to the promoter/promoter group and non-promoter categories.

Strategic Growth Intentions

Management highlighted that the primary objective of raising these funds is to facilitate the company's next phase of growth. The strategic roadmap includes:

• Expansion of Manufacturing Capabilities: Scaling up production infrastructure to meet evolving industry demand.
• Inorganic Growth: Actively pursuing suitable acquisitions that create value.
• Innovation: Investing in new technologies and products.
• Competitive Positioning: Strengthening the overall market standing of the company.

Chairman Mohit Jindal noted that the specialty chemicals and advanced materials industry is evolving rapidly, necessitating both strong technical capabilities and a robust financial foundation to capitalize on emerging opportunities in both India and international markets.

What This Means for Investors

The EGM outcome provides the company with the necessary authorization to proceed with its capital-raising plan. The explicit mention of inorganic growth strategies—specifically acquisitions—suggests that the company is shifting into an active expansionary phase. Investors should focus on future announcements regarding the actual deployment of these funds and any specific acquisition targets that may be identified.

Investor Takeaway

The company has secured shareholder backing for a preferential warrant issuance, which is a clear signal of intent to strengthen its financial foundation for growth. The management's focus on both organic and inorganic expansion, including potential M&A, is the primary takeaway from this meeting. Existing shareholders should monitor upcoming disclosures regarding the utilization of these funds and the progress of the company’s expansion and acquisition strategy.

Key Highlights

Strategic Growth Rationale

Management has outlined that the funds proposed to be raised are intended for the company's next phase of growth. The strategic priorities identified include:

• Manufacturing Expansion: Scaling up existing manufacturing capabilities.
• Growth Opportunities: Pursuing both organic and inorganic growth, including potential acquisitions where value creation is identified.
• Technology & Products: Investment in new technologies and product lines.
• General Corporate Purposes: Strengthening the overall competitive position and financial foundation.

Corporate Action Details

During the meeting, the company addressed two primary special business resolutions:

1. Increase in Authorized Capital: An ordinary resolution was moved to increase the authorized share capital, along with the consequential alteration of the Memorandum of Association.
2. Preferential Issue: A special resolution was moved for the preferential issue of 5,500,000 convertible warrants allocated to persons belonging to the Promoter/promoter group and the Non-Promoter category. Management noted that the pricing for this issue has been determined in accordance with applicable SEBI regulations.

Investor Takeaway

For investors, this EGM outcome signals the company's intent to actively pursue expansion. The authorization for an increase in capital and the issuance of warrants suggests a planned deployment of funds into growth projects and potential M&A activity. Investors should track the subsequent disclosure of allotment results and the specific timeline for the deployment of these funds toward the stated strategic goals.

Corporate Governance and Transparency

SK Minerals & Additives Limited has formally notified the exchange regarding its decision to voluntarily submit un-audited financial results for the quarter ended 30th June, 2026. While the company is classified as an SME-listed entity and is not strictly mandated to submit quarterly financial results under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, management has chosen to do so as part of a commitment to good corporate governance and enhanced transparency standards.

Trading Window Closure

In accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct, the trading window for dealing in the company's securities is now closed. This restriction applies to all designated persons and their immediate relatives.

• Closure Start Date: 8th July, 2026
• Closure End Date: 48 hours after the declaration of the un-audited financial results for the quarter ended 30th June, 2026.

Management Update

The company has confirmed that the specific date for the board meeting to approve these financial results has not yet been determined and will be communicated to the exchange in due course.

What This Means for Investors

For investors, this update serves primarily as a procedural compliance notice regarding the trading window. However, the decision to release quarterly financials voluntarily is a signal that the management is prioritizing institutional-grade communication and transparency, which may be useful for stakeholders tracking the company's periodic performance more closely than the regulatory minimums require.

Investor Takeaway

Investors should note the trading window closure period if they fall under the category of designated persons or their relatives. The broader takeaway is the management's proactive stance on financial disclosure. Shareholders and observers should monitor upcoming filings for the official announcement of the board meeting date, which will indicate when the financial results will be made public.

Compliance Update

SK Minerals & Additives Limited has submitted its compliance certificate as required under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended June 30, 2026.

This filing confirms the status of dematerialization requests processed by the company's Registrar and Share Transfer Agent (RTA), Maashitla Securities Private Limited.

Key Highlights

Dematerialization Status

The certificate issued by the RTA confirms that no securities certificates were accepted or rejected for dematerialization during the period from April 1, 2026, to June 30, 2026. This indicates there was no specific activity regarding the physical-to-electronic conversion of shares during this quarter.

Investor Takeaway

This filing is a routine regulatory requirement for listed companies and serves to ensure transparency in depository processes. Investors should view this as a standard operational disclosure that confirms regulatory adherence without material changes to the company's business or financial position.

Summary

• SK Minerals & Additives Limited announced an upgrade in its credit rating by Crisil Ratings on May 2, 2026.
• The long-term rating for its bank facilities has been improved to 'BBB/Stable' from 'BBB-/Stable'.
• The amount for long-term rated facilities has been enhanced to ₹110.00 cr, up from ₹50.00 cr.
• The short-term rating was also upgraded to 'A3+' from 'A3'.

Key Numbers & Dates

• Rated Amount (Long Term Facilities): ₹110.00 cr (Enhanced from ₹50.00 cr)
• Long Term Rating (New): Crisil BBB/Stable
• Long Term Rating (Previous): Crisil BBB-/Stable
• Short Term Rating (New): Crisil A3+
• Short Term Rating (Previous): Crisil A3
• Rating Upgrade Date: May 2, 2026
• Rating Validity End Date: March 31, 2027

What Changes for the Business

• The upgrade suggests improved creditworthiness, potentially leading to better access to finance and possibly lower borrowing costs.
• The enhancement of the long-term rated facilities from ₹50.00 cr to ₹110.00 cr indicates increased confidence and capacity for debt.

⚠️ What Could Go Wrong

• [Financial] Crisil Ratings reserves the right to withdraw or revise ratings based on new information or circumstances.
• [Financial] A fresh rating revalidation will be necessary if proposed facilities are not availed within 180 days of the letter date.

What to Track Next

• Monitor future financial performance and any further rating actions by Crisil.
• Track the utilization of the enhanced credit facilities.
• Note the rating validity until March 31, 2027, after which a new letter will be required.

Summary

• SK Minerals & Additives Limited announced the reconstitution of its board committees.
• This action was necessitated by the resignation of Mr. Kapil Khera from the post of Independent Director.
• The reconstitution of the Audit, Nomination & Remuneration, and Stakeholders Relationship Committees is effective from April 30, 2026.

Key Numbers & Dates

• April 30, 2026: Effective date for the reconstitution of board committees.
• April 30, 2026: Date the Board of Directors passed resolutions by circulation for reconstitution.
• May 01, 2026: Date of the filing to BSE Limited.

What Changes for the Business

• The Audit Committee now comprises Mr. Ramit Sikka (Chairman), Dr. Ashish Mathur (Member), and Mr. Mohit Jindal (Member).
• The Nomination & Remuneration Committee has Dr. Ashish Mathur as Chairman, with Mr. Ramit Sikka and Mrs. Lakshmi Shankarnarayanan Iyer as Members.
• The Stakeholders Relationship Committee has Mr. Ramit Sikka as Chairman, with Dr. Ashish Mathur and Mrs. Lakshmi Shankarnarayanan Iyer as Members.

Results Snapshot

• Not Applicable

What to Track Next

• No further information provided on next steps or specific follow-ups.

Summary

• SK Minerals & Additives Limited disclosed its consolidated order book position.
• The order book stands at approximately ₹63.10 crore.
• This reflects strong market confidence and execution capabilities.

Key Numbers & Dates

• Consolidated Order Book: ₹63.10 crore (Current position)
• Report Date: 27.04.2026 (Date of disclosure)

What Changes for the Business

• A strong order book of ₹63.10 crore indicates robust future revenue potential.
• The disclosure suggests enhanced transparency and stakeholder communication by the company.

Summary

• SK Minerals & Additives Limited received an administrative warning from SEBI.
• The warning is due to an incorrect disclosure of the tenure of loans from related parties in the company's SME IPO Offer Document.
• SEBI noted this as non-compliance with the SEBI (ICDR) Regulations, 2018.
• The company stated that the warning has no material financial impact.

Key Numbers & Dates

• SEBI Letter Date: April 16, 2026
• Date Received by Company: April 20, 2026

What Changes for the Business

• The company has been advised by SEBI to be careful in future and exercise due diligence to avoid similar lapses.
• Enhanced diligence and compliance are to be ensured in all future disclosures.

⚠️ What Could Go Wrong

• [Legal] Any repetition of such violations in the future will be viewed seriously, and appropriate enforcement action could be initiated by SEBI.

Results Snapshot

• Not Applicable

What to Track Next

• The company's enhanced diligence and compliance in future disclosures.

Summary

• SK Minerals & Additives Limited has received a regulatory certificate from its Registrar and Share Transfer Agent (RTA), Maashitla Securities Private Limited.
• The certificate confirms compliance with SEBI (Depositories and Participants) Regulations, 2018, for the quarter ending March 31, 2026.
• It validates the RTA's process for dematerialization of securities, including confirmation to depositories and listing on stock exchanges, and updates to the company's register of members.

Key Numbers & Dates

• Quarter End Date: March 31, 2026
• RTA Certificate Date: April 09, 2026

What Changes for the Business

• This is a routine regulatory compliance document confirming the company's adherence to dematerialization procedures. No immediate operational or strategic changes are indicated.

Summary

• SK Minerals & Additives Limited has announced the resignation of its Chief Marketing Officer, Pawan Kumar Jain.
• The resignation is effective from the close of business on March 31, 2026.

Key Numbers & Dates

• Resignation effective date: March 31, 2026
• Company announcement date: April 3, 2026
• CMO's resignation letter date: March 31, 2026

What Changes for the Business

• The company is experiencing a change in its senior leadership with the departure of the Chief Marketing Officer.

Summary

• Mr. Pawan Kumar Jain has resigned from his position as Chief Marketing Officer (CMO) of SK Minerals & Additives Limited.
• His resignation is effective from March 31, 2026, due to unavoidable circumstances.

Key Numbers & Dates

• Resignation effective date: March 31, 2026
• Resignation received date: April 3, 2026

What Changes for the Business

• The company will see a change in its top marketing leadership with the departure of its CMO.

What to Track Next

• Updates regarding the appointment of a new Chief Marketing Officer.

Summary

• SK Minerals & Additives Limited has released an estimated standalone quarterly turnover update for the quarter ended March 31, 2026.
• The company reported a significant year-on-year growth of 50.28% for the full fiscal year.

Key Numbers & Dates

• Estimated Revenue from Operations (Quarter ending March 2026): ₹12708.35 lakh (₹127.08 cr)
• Revenue from Operations (Quarter ended December 2025): ₹8112.68 lakh (₹81.13 cr)
• Estimated Revenue from Operations (Full Year April-March 2026): ₹31810.17 lakh (₹318.10 cr)
• Revenue from Operations (Full Year April-March 2025): ₹21167.24 lakh (₹211.67 cr)
• Year-on-Year Growth (Full Year): 50.28%
• Announcement Date: April 1, 2026

What Changes for the Business

• The reported figures indicate a strong performance in revenue, with the full fiscal year showing a substantial increase of over 50% compared to the previous year.

⚠️ What Could Go Wrong

• No risks or cautionary statements are mentioned in the provided text.

What to Track Next

• Investors may track the final audited results for FY26 once released to confirm these turnover figures and assess profitability.

Summary

• SK Minerals & Additives Limited is closing its trading window for designated persons and their immediate relatives.
• The closure will commence on April 1, 2026.
• It will remain shut until 48 hours after the declaration of audited financial results for the half-year and year ended March 31, 2026.
• The date for the Board Meeting to approve these results is yet to be intimated.

Key Numbers & Dates

• Trading Window Closure Start Date: April 1, 2026
• Financial Year End Date: March 31, 2026
• Trading Window Closure End Condition: 48 hours after declaration of Audited Financial Results

What to Track Next

• Intimation of the date for the Board Meeting to approve unaudited financial results.

Summary

• SK Minerals & Additives Limited's Board of Directors has approved the appointment of Dr. Ashish Mathur and the re-appointment of Ms. Lakshmi Shankarnarayanan Iyer and Mr. Ramit Sikka as Non-Executive Independent Directors.
• Dr. Ashish Mathur joins as an Additional Director.
• Ms. Lakshmi Shankarnarayanan Iyer and Mr. Ramit Sikka begin their second consecutive five-year terms.
• These changes are effective from March 2026, with Ms. Iyer's term commencing February 25, 2026, and Mr. Sikka's on March 29, 2026. Dr. Mathur's appointment is effective March 24, 2026.

Key Numbers & Dates

• Board resolutions passed / Letter Date / Signature Date: March 27, 2026
• Dr. Ashish Mathur appointment effective: March 24, 2026
• Ms. Lakshmi Shankarnarayanan Iyer re-appointment effective: February 25, 2026
• Mr. Ramit Sikka re-appointment effective: March 29, 2026

What Changes for the Business

• The company's board structure is reinforced with the appointment of Dr. Ashish Mathur and the continuation of experienced independent directors Ms. Lakshmi Shankarnarayanan Iyer and Mr. Ramit Sikka.
• These appointments aim to strengthen corporate governance.

⚠️ What Could Go Wrong (source-based)

• None. The document explicitly states that the appointed and re-appointed directors are not related to any other directors and satisfy all independence criteria as per Companies Act and SEBI regulations.

What to Track Next

• Shareholder approval for the re-appointment of Ms. Lakshmi Shankarnarayanan Iyer and Mr. Ramit Sikka.

Summary

• SK Minerals & Additives Limited has acquired an additional 3.975 acres of land in Punjab.
• This land is adjacent to the 5.6 acres previously bought.
• The acquisition is intended for future expansion purposes.
• The company's total land holding at the location now stands at approximately 9.575 acres.

Key Numbers & Dates

• Additional Land Purchased: 3.975 acres
• Previous Land Purchase: 5.6 acres
• Total Land Holding: 9.575 acres
• Earlier Intimation Date: 21 January 2026
• Announcement Date: 19 March 2026

What Changes for the Business

• The company has increased its land bank, signalling potential future growth and expansion initiatives.

What to Track Next

• Future plans and timelines for the utilization of the newly acquired land for expansion projects.

SK Minerals & Additives Limited has announced its participation in the Plastindia 2026 – 12th international Plastics Exhibition, conference & convention, organized by Plastindia Foundation. The event is scheduled to take place from February 05, 2026, to February 10, 2026, at Bharat Mandapam in New Delhi, India.

At the exhibition, the company intends to showcase its most advanced halogen-free flame retardant additives. These additives are specifically designed to achieve UL 94 V-0 to V-2 ratings, catering to engineering plastics and complex polymer/plastics blends. A key feature highlighted is their full compliance with RoHS 3 and REACH regulations, indicating adherence to international environmental and safety standards. The company will exhibit its products at Stall no. B-19, Hall H-15.

This participation in a major international plastics exhibition underscores the company's strategic focus on product innovation, market outreach, and demonstrating its capabilities in the specialty chemicals sector, particularly for the plastics industry. While this announcement does not contain specific financial performance data, guidance, or outlook figures, it signifies a proactive approach to market engagement and product showcasing, potentially leading to future business opportunities, partnerships, and enhanced brand visibility. The emphasis on halogen-free and regulatory-compliant additives aligns with global trends towards safer and more sustainable material solutions.

SK Minerals & Additives Limited has announced a significant development in its growth strategy with the purchase of approximately 5.6 acres of land. The land is situated in Kot Sheikhon Village, Khanna, Ludhiana, Punjab. This acquisition is primarily intended to support the company's future expansion initiatives.

The announcement was made on January 21, 2026, and complies with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company views this land purchase as a pivotal milestone in its growth trajectory.

No financial results, guidance, or deep-dive financial data were part of this announcement. The focus is solely on the acquisition of land for future operational scaling and capacity building.

SK Minerals & Additives Limited recently filed a routine compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended December 31, 2025, confirming the processing of dematerialization requests. In parallel, the company has demonstrated robust financial performance, reporting FY25 revenue of ₹211.67 Crore, a significant 95% year-on-year increase, and PAT of ₹10.94 Crore, a substantial 253% YoY jump, driven by improved operating margins. Key strategic developments include securing a ₹56.71 crore order from Bharat Petroleum Corporation Limited (BPCL) for technical grade urea, to be executed over one year, and launching 'Hofnil', India's first halogen-free flame retardant additive, positioning the company as an import substitute manufacturer with an ambitious target of over ₹200 crore in cumulative revenues by FY28. Management has also bolstered its team with new CTO and CMO appointments. While growth metrics are strong, investors should note persistent concerns regarding high debt levels (Debt-to-Equity at 2.63) and negative operating cash flows. The company's outlook includes global expansion into GCC, ASEAN, and Europe, alongside backward integration and a focus on sustainability.

SK Minerals & Additives Limited has announced its sales performance for the first nine months of the fiscal year 2026 (April 1, 2025, to December 31, 2025), reporting revenue from operations of ₹191.02 crore. This figure represents a significant year-on-year growth of 43.41% when compared to the ₹133.20 crore recorded in the corresponding period of FY25. The company indicated that the December-ended quarter also contributed positively to this performance.

Mr. Mohit Jindal, Chairman & Managing Director of SK Minerals & Additives Limited, commented on the results, stating that the company's trajectory is driven by a commitment to exceeding customer expectations and fostering innovation. He highlighted the strong performance as a testament to the deep confidence clients place in the company and the dedication of its team.

Looking ahead, the company plans to focus on expanding its portfolio of specialty chemicals and minerals, enhancing automation and efficiency across its manufacturing lines, and investing in next-generation additive technology and integrated industrial solutions. A significant development mentioned is the company's pioneering achievement on November 4, 2025, in developing India's first synthetic-based halogen-free flame retardant technology through in-house R&D. This innovation is aimed at capitalizing on import substitution opportunities within India and other South Asian markets.

SK Minerals & Additives Limited has announced the appointment of Mr. Pawan Kumar Jain as its new Chief Marketing Officer (CMO), with effect from January 01, 2026. This strategic addition to the senior management team comes at a time when the company is consolidating recent growth and pursuing new market opportunities.

Financial Performance Review:
For the fiscal year 2024-25, SK Minerals & Additives reported strong financial results, with Revenue from Operations reaching ₹211.67 Crore, marking a significant 95% year-on-year (YoY) increase. Profit After Tax (PAT) also saw substantial growth, rising by 253% YoY to ₹10.94 Crore. The Earnings Per Share (EPS) stood at ₹12.16. EBITDA margin was approximately 9%.

For the first half of FY2026 (ending September 30, 2025), the company's turnover was ₹109.89 Crore, with a PAT of ₹7.02 Crore. The second quarter of FY26 (ending September 30, 2025) saw sales of ₹110 Crore and PAT of ₹7 Crore, with an improved EBITDA margin of 11% compared to 8% in Q2 FY25.

Key Business Developments & Outlook:
The company has secured a significant order worth approximately ₹56.71 crore from Bharat Petroleum Corporation Limited (BPCL) for the supply of technical grade urea, to be executed over one year starting October 16, 2025. Furthermore, SK Minerals & Additives has pioneered India's first halogen-free flame retardant additive, 'Hofnil', aimed at replacing imports and targeting cumulative revenues exceeding ₹200 crore by FY28. Future plans include global expansion into GCC, ASEAN, and Europe, alongside backward integration initiatives.

The company also appointed Mr. Vinod Kumar Sharma as Chief Technical Officer (CTO) effective December 19, 2025. The appointment of Mr. Jain as CMO is expected to bolster marketing strategies and drive business growth.

Financial Health & Ratios:
While the company demonstrates robust growth, concerns remain regarding its financial leverage and cash flow generation. The Debt-to-Equity ratio stands at a high 2.63, and the company has persistently reported negative operating cash flows. However, key efficiency ratios like Return on Equity (ROE) were strong at 60.1% and Return on Capital Employed (ROCE) at 32.3% for FY25.

Shareholding Changes:
Recent disclosures indicate a shift in substantial shareholding. Rajasthan Global Securities Pvt. Ltd. and its PAC sold 1.54% of the company's paid-up capital on November 17, 2025, reducing their holding to 3.10%. This followed an earlier disclosure where their aggregate shareholding had crossed the 5% mark.

SK Minerals & Additives Limited has reported strong financial performance for the fiscal year 2024-25, with revenue from operations at ₹211.67 Crore, marking a significant 95% year-on-year increase, and Profit After Tax (PAT) at ₹10.94 Crore, up by 253% YoY. The company also disclosed a healthy EBITDA margin of approximately 9% for FY25.

Key strategic developments include securing a substantial order worth ₹56.71 crore from Bharat Petroleum Corporation Limited (BPCL) for the supply of technical grade urea, designated for BPCL's manufacturing facilities across four Indian states. This order is slated for execution over a period of one year, commencing October 16, 2025.

Furthermore, the company has pioneered India's first halogen-free flame retardant additive, branded 'HOFNIL', for XLPE wire manufacturing. This 'Make in India' initiative aims to replace imports and tap global markets, with projections of cumulative revenues exceeding ₹200 crore by FY28. The company also participated in the Cable & Wire Fair 2025 to showcase this innovation.

In a significant move to bolster technical capabilities, SK Minerals & Additives has appointed Mr. Vinod Kumar Sharma as its Chief Technical Officer (CTO), effective December 19, 2025. Mr. Sharma brings over 30 years of experience in chemical research, polymer science, and plant installations.

Financially, while FY25 showed robust growth, the company's balance sheet indicates rising debt levels, with total borrowings increasing to ₹81 Crore by September 2025 and a Debt-Equity Ratio of 1.89 as of FY25. Operating cash flows have remained persistently negative across recent periods, presenting a key challenge. Despite these concerns, the company's ROE stands at 60.1% and ROCE at 32.3% for FY25.

The company also noted a disclosure from Rajasthan Global Securities Pvt. Ltd. regarding a sale of shares, reducing their holding. A CRISIL rating update was also issued on April 3, 2025.

The outlook suggests growth driven by the new product launch and BPCL order, with strategic plans for global expansion. However, managing debt and cash flow generation will be critical.

News Crux

SK Minerals & Additives is experiencing a growth phase driven by significant orders and innovative product launches, coupled with strong financial performance in FY25. However, concerns persist regarding its balance sheet (rising debt) and cash flow generation.

Quarterly/Annual Results

For FY25, the company reported a substantial 95% YoY increase in revenue to ₹211.67 Crore and a 253% YoY surge in Profit After Tax (PAT) to ₹10.94 Crore. Operating margins improved to approximately 9%. For the second quarter and first half ending September 30, 2025 (H1 FY26), the company recorded a turnover of ₹109.89 Crore and PAT of ₹7.02 Crore, reflecting an 8.9% YoY increase in sales and a 40% YoY rise in PAT for the September quarter compared to the previous year. However, Earnings Per Share (EPS) for the September quarter decreased YoY, indicating potential equity dilution.

Guidance & Concall Commentary

Management has guided for cumulative revenues exceeding ₹200 crore by FY28, primarily driven by the 'Hofnil' product. Future strategies include global expansion into markets like GCC, ASEAN, and Europe, alongside backward integration initiatives and a commitment to sustainability. The appointment of Mr. Vinod Kumar Sharma as Chief Technical Officer, with over 30 years of experience in chemical research and plant development, is expected to bolster technical capabilities and innovation.

Financials

• Income Statement Drivers: Significant growth in FY25 was driven by a ~95% increase in sales and an improvement in operating profit margins from 6% to 9%. H1 FY26 figures continue this trend with an 11% OPM for the September quarter.
• Balance Sheet: Borrowings have increased substantially, reaching ₹81 Crore by September 2025, leading to a Debt-to-Equity ratio of approximately 1.89 as of March 2025. Liquidity appears strained with low cash equivalents reported in September 2025.
• Cash Flow: A persistent concern is the negative operating cash flow, observed across fiscal years 2022 through 2025, indicating challenges in generating cash from core operations.
• Key Ratios: Return on Capital Employed (ROCE) improved to 32.3% in FY25, and Return on Equity (ROE) was a strong 60.1% in the last reported year.

Key Events

• Secured a ₹56.71 crore order from Bharat Petroleum Corporation Limited (BPCL) for technical grade urea, to be executed over one year starting October 16, 2025.
• Launched 'Hofnil', India's first halogen-free flame retardant additive for XLPE wire manufacturing, positioned as an import substitute and aiming for global market penetration.
• Rajasthan Global Securities Pvt. Ltd. reduced its shareholding to 3.10% after selling 1.54% of the company's equity.
• Appointed Mr. Vinod Kumar Sharma as Chief Technical Officer.

Outlook

The company is poised for growth due to new business wins and product innovation. However, the rising debt levels and negative operating cash flows present significant risks that need to be managed effectively for sustained shareholder value creation.

SK Minerals & Additives Limited has submitted a detailed corporate overview document to the BSE on November 21, 2025. This report encapsulates the company's historical performance, present operations, and strategic future plans, covering its business evolution, product verticals, infrastructure capabilities, financial highlights, and recognitions.

For the fiscal year 2024-25, the company reported robust financial performance with Revenue from Operations at ₹211.67 Crore and Profit After Tax (PAT) of ₹10.94 Crore. Key financial indicators include an EBITDA Margin of approximately 9%, a Debt-Equity Ratio of 1.89, and Earnings Per Share (EPS) of ₹12.15. The financial data for the first six months of FY2026 (ending September 30, 2025) shows a turnover of ₹109.89 Crore and PAT of ₹7.02 Crore, indicating continued operational activity.

The company's future growth pipeline is focused on manufacturing excellence, R&D and innovation, and expanding its product portfolio. A significant milestone is the launch of its Halogen-Free Flame Retardants under the brand name 'HOFNIL', aiming to substitute imports and serve industries like Wire & Cable, Electrical & Electronics, and Automotive. Strategic initiatives include global expansion into GCC, ASEAN, and European markets, alongside setting up backward-integrated chemical synthesis units and pilot-scale innovation centers. Sustainability and ESG principles are central to its development of low-VOC and circular-chemistry product lines.

As of the report date, SK Minerals & Additives has a total order book of ₹75.31 Crore. Previously, the company had secured a significant order worth approximately ₹56.71 crore from Bharat Petroleum Corporation Limited (BPCL) for the supply of technical grade urea, intended for BPCL's facilities across four Indian states, with execution over one year starting October 16, 2025. The company serves diverse sectors, including FMCG, Petroleum, Animal Nutrition, Construction, and Polymers.

SK Minerals and Additives Limited has formally informed the BSE about receiving a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure pertains to the sale of equity shares by Rajasthan Global Securities Pvt. Ltd., along with its Person Acting in Concert (PAC), LRSD Securities Pvt. Ltd.

The seller had previously disclosed a shareholding of 6,95,000 equity shares, representing 5.68% of the company's paid-up capital, on October 17, 2025. Following a sale of 1,89,000 equity shares (1.54% of paid-up capital) via open market transactions on November 17, 2025, their aggregate shareholding in SK Minerals and Additives Limited has reduced to 3,79,000 equity shares, constituting 3.10% of the total paid-up equity share capital.

This event signifies a reduction in the stake held by a significant shareholder, impacting the overall shareholding pattern of the company. The company has requested the BSE to take this disclosure on record. The filing specifies the seller's PAN, target company's details, and modes of acquisition/disposal, confirming the open market nature of the sale on November 17, 2025.

SK Minerals & Additives Limited announced that Rajasthan Global Securities Private Limited and Persons Acting in Concert (PAC) LRSD Securities Private Limited disposed of 1,89,000 equity shares (1.54%) on November 17, 2025, via the open market. This transaction reduces their total holding in the company to 3,79,000 shares, constituting 3.10% of the paid-up capital, a decrease from their previously disclosed holding of 4.64% (5,68,000 shares). This filing was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

In parallel positive developments, the company has secured a significant order worth approximately ₹56.71 crore from Bharat Petroleum Corporation Limited (BPCL) for the supply of technical grade urea. This supply is designated for BPCL's manufacturing facilities across Tamil Nadu, Uttar Pradesh, Gujarat, and West Bengal, with execution slated over one year, commencing from October 16, 2025.

Furthermore, SK Minerals & Additives has pioneered India's first halogen-free flame retardant additive, 'Hofnil', for XLPE wire manufacturing. This 'Make in India' initiative aims to replace imports and tap global markets, projecting cumulative revenues of over ₹200 crore by FY28. The company showcased this product at the Cable & Wire Fair 2025 from November 4-6, 2025.

Financially, for the fiscal year ending March 2025, the company reported substantial growth with sales reaching ₹212 crore (a 94.5% YoY increase) and net profit at ₹11 crore (a 266.7% YoY increase). Operating profit margins improved to 9% from 6% in FY24, and ROCE jumped to 32% from 16%. Despite these improvements, the company continues to exhibit negative cash flow from operating activities, and its total borrowings have risen significantly to ₹81 crore as of September 2025.

SK Minerals & Additives Ltd has announced a significant product development: the creation of 'Hofnil', India's first halogen-free flame retardant additive. This innovative product is designed for wire and cable manufacturers producing XLPE (Cross-Linked Polyethylene) wires, enabling safer, more sustainable, and eco-friendly production processes. The development aligns with the 'Make in India' initiative and targets both import substitution opportunities in domestic and South Asian markets, as well as substantial global export potential. The company has set an ambitious target of achieving a cumulative revenue of over ₹200 crore from this new product category by the end of FY28. The announcement was made at the Cable & Wire Fair 2025 held in New Delhi. The 'Hofnil' additive addresses a critical industry challenge where traditional flame retardancy often required the use of halogens, which release toxic gases during combustion. This new product offers a greener, eco-friendly solution. The company has already secured a letter of intent for sourcing 'Hofnil' from a leading Indian wire and cable manufacturer, indicating strong market demand. This milestone follows the company's recent successful IPO debut on the BSE SME platform on October 17, 2025, where it raised ₹41.15 crore. Additionally, SK Minerals & Additives had previously secured a major order from Bharat Petroleum Corporation Limited (BPCL) worth ₹56.71 crore for the supply of technical grade urea over one year. SK Minerals & Additives operates in the specialty chemicals sector, focusing on food and feed additives, and serves diverse industries.

SK Minerals & Additives Limited announced its participation in the upcoming "Cable & Wire Fair 2025", India's premier exhibition for the wire and cable industry, scheduled to take place from November 4 to November 6, 2025, at Pragati Maidan, New Delhi. The company will be exhibiting its Halogen Free Flame Retardant Additives (HOFNIL) at Stall No. 5G5-1, Hall No. 5. HOFNIL is a specialized additive solution developed by the company for use in XLPE, PVC, and other polymer-based wires and cables. Its key features include enhanced flame resistance, improved thermal stability, and low smoke emission, which are critical for meeting global safety and environmental regulations. The participation in this major industry event provides SK Minerals & Additives with a significant platform to engage with industry peers, potential customers, and showcase their product innovation and commitment to advanced material solutions in the wire and cable manufacturing sector. This proactive marketing approach aims to strengthen their market presence and explore new business opportunities. No financial results, guidance, or specific order values were disclosed in this intimation.

SK Minerals and Additives Limited has officially informed BSE about the closure of its trading window for designated persons and their immediate relatives. This measure is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The trading window will be closed effective from October 25, 2025, and will reopen 48 hours after the declaration of the Unaudited Financial Results for the quarter and half-year ended September 30, 2025. This is a standard procedural requirement to ensure fair disclosure of financial information and prevent any insider trading activities ahead of the official results announcement.

The news is an official notification from SK Minerals and Additives Limited to BSE regarding an upcoming Board Meeting. The meeting is scheduled to be held on Saturday, November 1, 2025. The primary purpose of this board meeting is to consider and approve the company's unaudited financial results for the second quarter (Q2) and the first half (H1) of the fiscal year that ended on September 30, 2025. This announcement is a regulatory requirement under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It serves as a precursor to the actual financial results, which will provide a detailed account of the company's revenue, profitability, margins, and earnings per share. No specific financial figures, performance metrics, guidance, or outlook details are available in this announcement, as it pertains solely to the scheduling of the board meeting for result approval. Investors will need to await the formal release of the financial statements following this meeting for any in-depth analysis of the company's performance or future prospects.

SK Minerals and Additives Limited has informed the BSE about a significant development concerning its shareholding structure. On October 24, 2025, the company received a disclosure from Rajasthan Global Securities Pvt. Ltd., which also acts as a Promoter and Associate Company (PAC) to LRSD Securities Pvt. Ltd. This disclosure, made under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, pertains to the acquisition of equity shares of SK Minerals and Additives Limited. Consequent to this acquisition, the aggregate shareholding of Rajasthan Global Securities Pvt. Ltd. and its PAC has now crossed the 5% threshold of the company's paid-up equity share capital. This event is a mandatory disclosure requirement under the aforementioned SEBI regulations, which govern substantial acquisitions and takeovers in listed companies. The company has officially acknowledged this disclosure for its records and compliance. A previous disclosure related to the IPO share acquisition was also mentioned as having been sent to BSE on October 20, 2025, with a request for its update on the corporate announcement portal.

SK Minerals and Additives Limited has officially disclosed receiving a Letter of Acceptance (LOA) from Bharat Petroleum Corporation Limited (BPCL), a prominent Government of India Enterprise, for a supply contract. The order, valued at approximately ₹56.71 crore (exclusive of taxes), is for the supply of technical grade urea. This significant contract is set to be executed over a period of one year, commencing from the LOA date of October 16, 2025. The materials will be supplied to BPCL's manufacturing facilities situated in Tondiarpet (Chennai, Tamil Nadu), Loni (Uttar Pradesh), Hazira (Surat, Gujarat), and Budge Budge (Kolkata, West Bengal).

The order was secured through a domestic competitive bidding process, identified under CRFQ No. 1000439950 and GeM Tender No. GEM/2025/B/6552692. This ensures the transaction is domestic and not a related party transaction, with no promoter or group company interest in BPCL.

Mr. Mohit Jindal, Chairman & Managing Director of SK Minerals & Additives Limited, expressed delight in partnering with BPCL, stating that the order validates the company's product quality and delivery reliability. He added that it strengthens their position in the technical grade urea supply segment and reaffirmed their commitment to high service standards.

This order comes shortly after SK Minerals & Additives Limited's recent debut on the BSE SME platform on October 17, 2025, where its IPO raised ₹41.15 crore. The company's shares listed at a premium of 14.17%, opening at ₹145 per share against a fixed price band of ₹127. As of market close on October 23, 2025, the stock was trading at ₹176.15. SK Minerals & Additives Limited is involved in the manufacturing and trading of specialty chemicals, with a portfolio including chelated minerals, mineral mixtures, and technical grade urea, catering to diverse industries such as food, animal feed, petroleum, and plywood.

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