EGM clears 55 lakh convertible warrants, raises authorized capital
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SK Minerals held its 2nd EGM on 9 July 2026. Two resolutions were passed: (1) increase in authorized share capital and consequential amendment to the MoA (Ordinary Resolution), and (2) preferential issue of 55 lakh convertible warrants to promoter group and non-promoter entities (Special Resolution). Chairman said funds will support manufacturing expansion, inorganic growth and acquisitions, new technology and general corporate purposes. E-voting results to be declared within 2 working days.
Warrants to promoters and non-promoters may dilute existing shareholders. Funds aimed at expansion and acquisitions could support growth if executed well.