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 Qualified Institutions Placement (QIP).
SKYGOLD · price
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Sky Gold and Diamonds Limited has submitted the Monitoring Agency Report from CARE Ratings Limited covering the use of funds raised through its Qualified Institutions Placement (QIP) of Rs. 269.9998 crore conducted in October 2024. As of March 31, 2025, Rs. 269.9934 crore (nearly 100%) of the proceeds have been utilized, with the company fully deploying Rs. 100 crore for working capital, Rs. 140 crore for investment in subsidiaries, Rs. 10.4385 crore for issue expenses, and Rs. 19.5549 crore for general corporate purposes (mainly gold bullion purchases). The only unutilized amount is a small Rs. 6.4 lakh balance under general corporate purposes. The monitoring agency reported no deviation from stated objects, no material changes in means of finance, and no delays in implementation timelines.
For shareholders, this is a routine compliance filing that confirms the company has deployed the QIP proceeds as promised without any diversion or delays. No negative impact on the stock is expected, and the transparent use of funds for working capital, subsidiary investments, and gold procurement supports the company's operational credibility.