Please find enclosed herewith a Press Release titled "Sky Gold and Diamonds Appoints M S K A & Associates LLP, Chartered Accountants as Statutory Auditors.
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Sky Gold and Diamonds Limited has appointed M/s M S K A & Associates LLP, Chartered Accountants (a member firm of BDO International) as the new Statutory Auditors for the company and its material subsidiaries. The appointment has been approved by the Board of Directors based on the recommendation of the Audit Committee, and is subject to shareholders' approval. The company stated this move is part of its efforts to strengthen corporate governance, institutionalise processes, and enhance transparency as it scales operations in the jewellery sector. The Managing Director highlighted this as a step towards adopting global best practices in financial reporting and compliance.
This is a routine governance update indicating a change in auditors. The appointment of a BDO-affiliated firm suggests a move toward stronger financial oversight, which could boost investor confidence. No immediate impact on stock price expected until shareholder approval.