Sky Gold and Diamonds Limited has officially announced the appointment of M S K A & Associates LLP, a member firm of BDO International, as its new Statutory Auditors. The appointment, approved by the Board of Directors following an Audit Committee recommendation, marks a strategic move to bolster corporate governance and financial transparency as the company scales its operations. The decision remains subject to final approval by the shareholders.
Strengthening Governance Standards
The appointment of M S K A & Associates LLP, a member firm of BDO International, represents a significant milestone in the company’s evolution. By integrating a globally recognized audit firm, Sky Gold and Diamonds aims to institutionalize its internal processes and enhance overall organizational transparency. This initiative aligns with the company’s broader objective to adopt international best practices in financial reporting and compliance.
Strategic Growth and Vision
Mr. Mangesh Chauhan, Managing Director, stated that enhancing governance remains a top priority for the company as it enters its next phase of growth. This transition is expected to build greater stakeholder confidence and serve as a benchmark for excellence as the company expands its presence in the jewellery sector. The move underscores the company’s commitment to building a robust institutional framework that supports its long-term growth ambitions.
About the Organization
Founded in 2008, the company has grown into one of India’s leading B2B jewellery manufacturers. It currently operates with a workforce of 150+ designers and maintains a vast production infrastructure spanning 1,30,000 sq. ft., supported by an extensive design library featuring over 900,000 SKUs. As it serves top-tier national retailers, the company is now aggressively pursuing further expansion into global markets.
Source: BSE
