Outcome of Board Meeting held on 01.11.2025- 1. Approval of Unaudited Financial results for the half year ended 30.09.2025, 2. Other Businesses
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The board of SK Minerals & Additives approved unaudited financial results for the half year ended September 30, 2025, alongside a limited review report from statutory auditors Rajesh Dharampal & Associates (unmodified opinion). This is the company's first results announcement after listing on the BSE SME platform on October 17, 2025, following an IPO of Rs. 41.15 crore completed on October 14, 2025. Revenue from operations rose to Rs. 109.89 crore (from Rs. 100.97 crore in H1 FY25, up ~8.8%), while profit after tax jumped to Rs. 7.02 crore from Rs. 4.51 crore, a ~55.6% increase; EPS improved to Rs. 7.79 from Rs. 5.01. The board also noted the resignation of Company Secretary Ms. Divya and approved the appointment of Ms. Priyanka Arora as her replacement, along with Mr. Vijay Bansal as the new Chief Operating Officer. Of the net IPO proceeds of Rs. 38.75 crore, Rs. 31 crore has been deployed for working capital and plant & machinery, with Rs. 7.75 crore temporarily parked in non-equity mutual funds.
A clean audit report and a ~56% jump in profit after tax make a strong first impression for newly listed investors, though revenue growth was modest. The management reshuffle and COO appointment signal post-IPO scaling, while Rs. 7.75 crore of unutilized IPO funds remains to be deployed per stated objectives.