Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company, by way of resolution passed through circulation today i.e., 30th July 2025, has approved the allotment of 60,95,074 Equity Shares at an issue price of Rs. 369/- per share on a Preferential Basis.
SKYGOLD · price
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Sky Gold and Diamonds has allotted 60,95,074 equity shares at Rs. 369 per share (including a Rs. 359 premium) to two non-promoter allottees — Jinesh Navratanmal Ganna and Vikas Navratanmal Ganna — on a preferential basis. The shares were issued for consideration other than cash, as part of the acquisition of 100% of Ganna N Gold Private Limited, valued at approximately Rs. 224.91 crore based on an independent valuation. Post-allotment, the paid-up equity capital of the company has increased from Rs. 148.77 crore (14.87 crore shares) to Rs. 154.86 crore (15.49 crore shares), a dilution of about 4.1%. The company received in-principle approvals from BSE and NSE on 18th July 2025 and will now apply for listing and trading approval of the new shares.
This is a share-swap acquisition, not a cash fundraising, so no new capital is being raised but existing shareholders face a ~4.1% equity dilution. The deal adds Ganna N Gold's business to Sky Gold without any cash outflow, which could be positive if the acquired business is value-accretive, though investors should watch for the strategic rationale and post-merger performance.