Key Event Details

The EOGM is scheduled to be held on Wednesday, 18th November 2026, at 11:00 AM (IST), through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The notice and explanatory statement were dispatched electronically to members on Tuesday, 27th October 2026.

Business to be Transacted

The single agenda item for the EOGM is a Special Resolution for:

"CONSIDERATION AND APPROVAL OF RAISING OF FUNDS THROUGH ISSUANCE OF SECURITIES."

Fundraising Proposal Details

The Board seeks shareholder approval to raise funds up to ₹1,800 crores (inclusive of premium) through the issuance of various securities in one or more tranches. The securities include:

  • Fully paid-up equity shares
  • Fully convertible debentures
  • Partly convertible debentures
  • Non-convertible debentures
  • Preference shares convertible into equity shares
  • Any other financial instruments/securities convertible into equity shares (including warrants)
  • American Depository Receipts (ADRs)/Global Depository Receipts (GDRs)
  • Foreign Currency Convertible Bonds (FCCBs)

Proposed Issuance Methods

The securities may be issued through:

  • Further public issue
  • Rights issue
  • Qualified institutions placement (QIP)
  • Debt issue
  • Preferential issue
  • Any other permissible mode or combination thereof

Investor Categories

The securities may be offered to:

  • Qualified institutional buyers (QIBs)
  • Foreign/resident investors (institutions, incorporated bodies, mutual funds, individuals)
  • Venture capital funds (foreign or Indian)
  • Alternative investment funds
  • Foreign institutional investors, foreign portfolio investors
  • Qualified foreign investors
  • Indian and/or multilateral financial institutions
  • Mutual funds
  • Non-resident Indians
  • Pension funds
  • Any other categories of investors permitted under applicable laws

Specific QIP Provisions (If Applicable)

If undertaken through QIP:

  • Allotment only to QIBs as defined under ICDR Regulations
  • Allotment must be completed within 365 days from the date of passing this Special Resolution
  • Minimum 10% of eligible securities must be allotted to Mutual Funds
  • No single allottee can be allotted more than 50% of the issue size
  • Tenure of convertible securities shall not exceed sixty months from allotment date
  • Securities cannot be sold for one year from allotment date except on stock exchanges
  • Monitoring agency will monitor use of proceeds with quarterly reporting

Use of Proceeds

The proceeds (after adjustment of offering expenses) may be utilized for:

  • Funding working capital requirements of the Company and/or its subsidiaries
  • Repayment, prepayment and/or refinancing of outstanding loans, borrowings and other indebtedness
  • Investment in Subsidiaries
  • Capital expenditure by the Company and/or its subsidiaries
  • Costs incurred towards the objects of the issue
  • Investment in organic and inorganic opportunities
  • Funding of acquisitions
  • Meeting various expenditures including contingencies
  • Any other general corporate purposes as permissible under applicable laws

Voting Arrangements

The Company is providing remote e-voting facilities through National Securities Depository Limited (NSDL).

  • Cut-off date for determining voter eligibility: Wednesday, 11th November 2026
  • Remote e-voting period: Sunday, 15th November 2026 (9:00 AM) to Tuesday, 17th November 2026 (5:00 PM)
  • Members can also vote during the EOGM through e-voting facility

Board Authorities Sought

The resolution seeks to authorize the Board (including its QIP Committee) to:

  • Determine final terms and conditions of the issuance
  • Finalize offer documents, prospectus, placement documents
  • Appoint intermediaries, advisors, lead managers
  • Seek necessary regulatory approvals from SEBI, RBI, Stock Exchanges, Government of India
  • Open bank accounts for proceeds collection
  • Finalize basis of allotment and issue price
  • Do all incidental acts to give effect to the resolution

Additional Meeting Information

  • The Register of Members and Share Transfer Books will remain closed from 11th November 2026 to 18th November 2026 (both days inclusive)
  • Mr. Shivang Goyal of Shivang G Goyal & Associates has been appointed as Scrutinizer for the e-voting process
  • Voting results will be uploaded on the company website (www.skygold.co.in) and NSDL website (www.evoting.nsdl.com)
  • Results will be submitted to BSE and NSE within two working days of meeting conclusion

Document Availability

The notice is available on:

  • Company website: www.skygold.co.in
  • BSE website: www.bseindia.com
  • NSE website: www.nseindia.com
  • NSDL e-voting website: www.evoting.nsdl.com