In compliance with Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit the Monitoring Agency Report for the quarter ended March 31, 2025. This report has been issued by Care Ratings Limited, the Monitoring Agency appointed by the Company, to monitor the utilization of funds raised through the preferential issue of equity shares and warrants.
SKYGOLD · price
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Awaiting price reaction for this filing.
Sky Gold and Diamonds Limited has submitted the Monitoring Agency Report issued by CARE Ratings Limited for the quarter ended March 31, 2025, as required under SEBI LODR regulations. The report tracks the use of Rs. 106.64 crore raised through a preferential issue of equity shares (Rs. 99.14 crore) and warrants (Rs. 7.5 crore), with net proceeds of Rs. 103.49 crore after issue expenses. The funds were earmarked for working capital (Rs. 85.32 crore) and general corporate purposes (Rs. 18.17 crore). During the quarter, the company utilized Rs. 102.99 crore, leaving only Rs. 0.50 crore unutilized at quarter-end. There is no deviation from the stated objects, and the working capital was deployed for gold bullion purchases from vendors.
This is a routine compliance filing confirming that funds raised via the preferential issue have been used as intended with no deviations. It is unlikely to have a material impact on the stock price, though it signals steady business operations in the gems and jewellery segment.