Key Event

Sky Gold and Diamonds Limited (formerly Sky Gold Limited) is seeking member approval through a postal ballot process for the appointment of M/s. M S K A & Associates LLP (formerly M S K A & Associates), Chartered Accountants (Firm Registration No: 105047W/W101187), as the Statutory Auditors of the Company. This appointment is to fill the casual vacancy caused by the resignation of M/s. V J Shah & Co., Chartered Accountants (Firm Registration No. 109823W), who resigned effective May 8, 2026.

Key Dates and Process Details

  • Cut-off date for voting eligibility: Friday, May 22, 2026
  • E-voting commencement: Thursday, May 28, 2026 at 9:00 AM IST
  • E-voting conclusion: Friday, June 26, 2026 at 5:00 PM IST
  • Results announcement: On or before Sunday, June 28, 2026
  • Scrutinizer appointed: Mr. Shivang Goyal, Proprietor of Shivang G Goyal & Associates, Practicing Company Secretaries
  • E-voting service provider: National Securities Depository Limited (NSDL)

The notice is being sent only through electronic mode to members whose email addresses are registered as of the cut-off date.

Financial Impact and Auditor Details

The proposed remuneration payable to M/s. M S K A & Associates LLP is ₹81,00,000 (Rupees Eighty-One Lakhs Only) for the audit of the Company and its subsidiaries (Starmangalsutra Private Limited, Sparkling Chains Private Limited, and Speed Bangle Private Limited), plus applicable taxes and reimbursement of out-of-pocket expenses.

This represents an increase from the remuneration paid to the outgoing auditors, M/s. V J Shah & Co. The increase is attributed to enhanced scope and complexity of the audit arising from growth in the Company's operations, increased regulatory requirements, and alignment with market benchmarks.

Governance and Approval Process

The Board of Directors approved the appointment at its meeting held on May 9, 2026, based on the recommendation of the Audit Committee. The appointment is being made pursuant to Section 139(8) of the Companies Act, 2013, which requires filling casual vacancies within thirty days of resignation, with member approval within three months of board recommendation.

M/s. M S K A & Associates LLP have conveyed their consent to act as Statutory Auditors and confirmed their eligibility under applicable provisions of the Companies Act, 2013. If appointed, they will hold office from the date of member approval until the conclusion of the ensuing Annual General Meeting.

Document Availability

The Postal Ballot Notice is available on the Company's website (www.skygold.co.in), stock exchange websites (BSE and NSE), and NSDL's e-voting website (www.evoting.nsdl.com).