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Sky Gold Limited is engaged in the business of designing, manufacturing, and marketing gold jewellery. The co. follows a B2B model where the products are mainly sold to mid-range jewellers and boutique stores who sell these products through online platforms and retail stores.
Sky Gold and Diamonds Limited is informing shareholders about accessing the Annual Report online, rather than receiving a physical copy, for those without registered email addresses.
Sky Gold & Diamonds (SKYGOLD) added to MSCI India Domestic Small Cap Index – a major growth milestone! The company also turned operating cash flow positive this quarter, enhancing working capital and growth quality.
Please find enclosed herewith the Press Release titled "Sky Gold and Diamonds begins FY27 on a strong note; Revenue Rises 78% YoY to Rs. 2,012.08 crore, PAT Grows 2.4x to Rs. 104.9 crore; Operations Turn Cash Flow Positive".
Sky Gold's committee has approved granting 5,508 stock options to eligible employees under ESOP 2024. Each option converts into one equity share at an exercise price of Rs. 10, vesting after one year.
SKYGOLD's subsidiary faced a Rs. 10.70 Cr financial loss from a deep-fake fraud compromising an employee's devices, leading to unauthorized fund transfers. The company is cooperating with authorities for recovery. Business operations remain undisrupted.