Sky Gold & Diamonds Limited announced that its Board of Directors, in a meeting held on October 27, 2026, approved a significant fundraising initiative. The company plans to raise up to ₹1,800 crores through the issuance of equity shares via one or more Qualified Institutions Placements (QIP) or other permissible modes. Additionally, the Board approved the un-audited financial results for the quarter and half-year ended September 30, 2026.
Major Fundraising Initiative Approved
Sky Gold & Diamonds Limited has announced a key strategic decision following its Board of Directors meeting on October 27, 2026. The Board has given its approval for a substantial fundraising exercise, aiming to raise an aggregate amount of up to ₹1,800 crores. This capital will be raised through the issuance of equity shares, which may be conducted in one or more tranches via Qualified Institutions Placements (QIP), or through any other permissible mode, or a combination thereof. The company will adhere to the applicable provisions of the Companies Act, 2013, and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, in executing this plan. The specific terms and conditions will be determined by the Board and require necessary regulatory and member approvals.
Financial Results for Q2 FY27
In addition to the fundraising plan, the Board also reviewed and approved the Unaudited Standalone and Consolidated Financial Results for the quarter and half-year ended September 30, 2026. These results, along with the limited review report from the statutory auditor, were presented to the Board. The QIP Committee has been authorized to finalize the terms and conditions for the proposed fundraise.
Extraordinary General Meeting Scheduled
Furthermore, the Board approved the convening of an Extraordinary General Meeting (EGM) on Wednesday, November 18, 2026, at 11:00 AM. The EGM will be held through Video Conferencing or Other audio-visual means, to seek shareholder approval for certain matters, including the proposed fundraise. Wednesday, November 11, 2026, has been fixed as the cut-off date for determining shareholder eligibility to vote.
Appointment of Scrutinizer
Mr. Shivang Goyal, a Practicing Company Scrutinizer, has been appointed to conduct the e-voting process for the EGM in a fair and transparent manner. The Board meeting commenced at 12:15 PM IST and concluded at 12:43 PM IST.
Source: BSE
