Key Decisions and Approvals

1. Fundraising via QIP

The Board of Directors approved raising funds for an aggregate amount of up to and not exceeding ₹1,800 crores (Rupees Eighteen Hundred Crores).

  • Purpose: General corporate purposes.
  • Instrument: Issuance of equity shares and/or other convertible securities (including warrants), in one or more tranches.
  • Mode: Qualified Institutions Placement (QIP) and/or any other permissible mode or combination thereof.
  • Governing Regulations: Companies Act, 2013 and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
  • Approvals Required: Subject to approval from the company's members (shareholders), regulatory authorities, and statutory approvals. The issue price is yet to be determined.
  • Committee: The Board authorized the QIP Committee to decide the final terms and conditions of the issue.

2. Approval of Financial Results

The Audit Committee and the Board approved the Unaudited Standalone and Consolidated Financial Results for the quarter and half-year ended September 30, 2026.

  • The results were reviewed by the statutory auditor, MSKA & Associates LLP, which issued an unmodified conclusion.

3. Convening of Extraordinary General Meeting (EGM)

The Board approved convening an EGM on Wednesday, November 18, 2026, at 11:00 A.M. IST through Video Conferencing (VC) or Other Audio-Visual Means (OAVM).

  • Agenda: To seek shareholder approval for the proposed fundraise.
  • Cut-off Date: Wednesday, November 11, 2026, was fixed as the record date for determining shareholders eligible to vote.

4. Appointment of Scrutinizer

Mr. Shivang Goyal, Practicing Company Secretary, was appointed as the Scrutinizer to conduct the e-voting process for the EGM in a fair and transparent manner.

5. Board Meeting Duration

The meeting commenced at 12:15 PM IST and concluded at 12:43 PM IST.

Detailed Financial Performance (Standalone)

Income Statement for Q2 (Quarter Ended September 30, 2026)

  • Revenue from Operations: ₹1,824.55 crores
  • Other Income: ₹12.36 crores
  • Total Income: ₹1,836.91 crores
  • Profit Before Tax (PBT): ₹114.10 crores
  • Total Tax Expense: ₹28.73 crores
  • Profit After Tax (PAT): ₹53.72 crores
  • Earnings Per Share (EPS) - Basic & Diluted: ₹5.51

Income Statement for H1 (Half-Year Ended September 30, 2026)

  • Revenue from Operations: ₹3,264.60 crores
  • Other Income: ₹19.24 crores
  • Total Income: ₹3,283.83 crores
  • Profit Before Tax (PBT): ₹195.90 crores
  • Total Tax Expense: ₹49.94 crores
  • Profit After Tax (PAT): ₹145.96 crores
  • Earnings Per Share (EPS) - Basic & Diluted: ₹9.42

Balance Sheet (Standalone) as of September 30, 2026

  • Total Assets: ₹24,141.67 crores
  • Non-Current Assets: ₹5,246.46 crores
  • Property, Plant & Equipment: ₹428.63 crores
  • Right-of-use assets: ₹76.46 crores
  • Investments: ₹445.13 crores
  • Current Assets: ₹17,793.83 crores
  • Inventories: ₹6,909.57 crores
  • Trade Receivables: ₹6,945.44 crores
  • Cash & Cash Equivalents: ₹30.54 crores
  • Bank Balances (other than above): ₹173.61 crores
  • Equity: ₹12,620.66 crores
  • Paid-up Equity Capital: ₹154.87 crores (Face value ₹10 each)
  • Other Equity: ₹11,071.92 crores
  • Total Liabilities: ₹11,521.01 crores
  • Borrowings: ₹8,600.30 crores (Non-Current) + ₹6,958.44 crores (Current) = ₹15,558.74 crores

Detailed Financial Performance (Consolidated)

Income Statement for Q2 (Quarter Ended September 30, 2026)

  • Revenue from Operations: ₹2,390.66 crores
  • Other Income: ₹14.43 crores
  • Total Income: ₹2,405.09 crores
  • Profit Before Tax and Exceptional Item: ₹173.38 crores
  • Exceptional Expense: ₹7.35 crores (Due to cyber fraud, see Notes)
  • Profit Before Tax (PBT): ₹166.03 crores
  • Total Tax Expense: ₹36.68 crores
  • Profit After Tax (PAT): ₹129.35 crores
  • Attributable to Owners of Holding Co.: ₹127.87 crores
  • Attributable to Non-Controlling Interest: ₹1.48 crores
  • Earnings Per Share (EPS) - Basic: ₹8.26; Diluted: ₹8.25

Income Statement for H1 (Half-Year Ended September 30, 2026)

  • Revenue from Operations: ₹4,403.45 crores
  • Other Income: ₹22.39 crores
  • Total Income: ₹4,425.84 crores
  • Profit Before Tax and Exceptional Item: ₹308.19 crores
  • Exceptional Expense: ₹7.35 crores
  • Profit Before Tax (PBT): ₹300.83 crores
  • Total Tax Expense: ₹66.58 crores
  • Profit After Tax (PAT): ₹234.25 crores
  • Attributable to Owners of Holding Co.: ₹231.15 crores
  • Attributable to Non-Controlling Interest: ₹3.11 crores
  • Earnings Per Share (EPS) - Basic: ₹14.92; Diluted: ₹14.91

Balance Sheet (Consolidated) as of September 30, 2026

  • Total Assets: ₹28,942.90 crores
  • Equity: ₹14,226.34 crores
  • Paid-up Equity Capital: ₹154.87 crores
  • Other Equity: ₹12,507.27 crores
  • Non-Controlling Interest: ₹169.87 crores

Notes to Financial Results

Significant Subsequent Event (Standalone & Consolidated)

Subsequent to the quarter end, on October 7, 2026, the company completed the acquisition of 100% of the issued, subscribed, and paid-up equity share capital of M/s. Purvi Gems & Jewellery (India) Private Limited from its existing shareholders.

Exceptional Item (Consolidated)

During the quarter, a wholly-owned subsidiary, Starmangalsutra Private Limited, was involved in a fraud incident resulting in unauthorized fund transfers aggregating ₹107.00 crores. The company recovered ₹33.45 crores, and the balance of ₹73.55 crores was recognized as an exceptional expense in the consolidated financial results for the half-year ended September 30, 2026.

Segment Information (Consolidated)

The Group operates in a single segment of manufacturing and selling gold jewellery.

  • Geographical Revenue Break-up (H1 FY27):
  • Within India: ₹35,927.11 crores
  • Outside India: ₹8,107.40 crores

Compliance and Filing

This disclosure is made in compliance with:

  • Regulation 30 of SEBI LODR Regulations.
  • SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
  • A copy has been uploaded to the company's website, www.skygold.co.in.