Sky Gold Ltd

Sky Gold And Diamonds Ltd announced that its subsidiary, Starmangalsutra Private Limited, has incurred a financial loss of approximately ₹10.70 Crore due to a fraud incident. The fraud involved the unauthorized compromise of a company-issued mobile phone and laptop, where deep-fake methodologies were used to impersonate a director and induce fund transfers to unknown accounts. The subsidiary has reported the incident to cyber-crime authorities and is working with banks to recover the funds. The company stated that its IT systems and data remain secure, and business operations are unaffected. They are strengthening internal controls to prevent future occurrences.

Sky Gold And Diamonds Ltd has announced the closure of its trading window for designated persons and their immediate relatives, effective July 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and will remain in effect until 48 hours after the declaration of the company's unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The exact date of the board meeting to consider these results will be communicated later. The company has urged all designated individuals to adhere to these trading restrictions.

Sky Gold And Diamonds Ltd. announced the appointment of Mr. Akash Talesara as its Chief Executive Officer (CEO), effective June 9, 2026. Mr. Talesara brings over two decades of experience in the gems and jewellery industry, with expertise spanning exports, diamond jewellery sales, merchandising, business development, and market expansion. He is a NIFT graduate with advanced management education from IIM. The Board also approved the constitution of "Those Charged With Governance" (TCWG), identifying Mr. Mangesh Chauhan as Chairperson, alongside Mr. Darshan Chauhan, Mr. Mahendra Chauhan, Mr. Dilip Gosar, and Miss. Kejal Shah as members. These decisions were made at the Board meeting held on June 9, 2026.

Sky Gold And Diamonds Ltd announced the appointment of Mr. Akash Talesara as its new Chief Executive Officer (CEO), effective June 9, 2026. The decision was approved by the Board of Directors following recommendations from the Nomination and Remuneration Committee and the Audit Committee. Mr. Talesara brings over two decades of experience in the gems and jewellery industry, with expertise in exports, diamond jewellery sales, merchandising, business development, and market expansion. He holds a degree from NIFT and advanced management education from IIM. The filing also disclosed the constitution of Those Charged With Governance (TCWG).

Sky Gold And Diamonds Ltd announced the appointment of Mr. Akash Talesara as the new Chief Executive Officer (CEO) effective June 9, 2026. The decision was based on recommendations from the Nomination and Remuneration Committee and the Audit Committee. The company also constituted its 'Those Charged With Governance' (TCWG) body, comprising Mr. Mangesh Chauhan (Chairperson), Mr. Darshan Chauhan, Mr. Mahendra Chauhan, Mr. Dilip Gosar, and Miss. Kejal Shah. Mr. Talesara brings over two decades of experience in the gems and jewellery industry, with expertise in business development and market expansion. The board meeting where these decisions were made commenced at 11:00 AM and concluded at 12:10 PM on June 9, 2026.

Sky Gold And Diamonds Ltd. has informed BSE that a meeting of its Board of Directors is scheduled for Tuesday, June 9, 2026. The primary agenda for this meeting is to consider and approve the appointment of Mr. Akash Talesara as the Chief Executive Officer (CEO) of the Company. Additionally, the Board will discuss and approve any other matters deemed necessary. This announcement is made in accordance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Sky Gold and Diamonds Ltd reported a 77% YoY increase in revenue to ₹6,295 Cr for FY26. EBITDA rose by 121.1% YoY to ₹434.3 Cr, with an EBITDA margin of 6.9%. PAT increased by 112.4% YoY to ₹281.8 Cr. The company focuses on strengthening its position in the organized jewellery manufacturing sector, improving cash flows, reducing debt, and pursuing growth through operational efficiency. They target positive CFO of ~₹180–225 crore in FY27.

Sky Gold and Diamonds Ltd's Board of Directors re-appointed Ms. Aasna Shah as the Internal Auditor for the Financial Year 2026-27, following the Audit Committee's recommendation and in accordance with Section 138 of the Companies Act, 2013. The board also approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, with an unmodified opinion from the Statutory Auditors. Additionally, a postal ballot notice for the appointment of M/s. M'S K A & Associates LLP as Statutory Auditors was approved, and Mr. Shivang Goyal was appointed as the Scrutinizer for the e-voting process.

Sky Gold and Diamonds Ltd. announced the approval of audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, during its board meeting on May 27, 2026. The board also approved the re-appointment of Ms. Aasna Shah as the Internal Auditor for FY 2026-27 and proposed the appointment of M/s. M'S K A & Associates LLP as the Statutory Auditors through postal ballot. Mr. Shivang Goyal was appointed as the Scrutinizer for the postal ballot e-voting process.

Sky Gold and Diamonds Ltd's board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The board also approved the re-appointment of Ms. Aasna Shah as the Internal Auditor for FY 2026-27 and a postal ballot notice for the appointment of M/s. M'S K A & Associates LLP as the Statutory Auditors. Mr. Shivang Goyal was appointed as the Scrutinizer for the postal ballot e-voting process.