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 fully paid-up equity shares at Rs. 369 per share (face value Rs. 10, premium Rs. 359), raising no fresh cash. The shares were issued to two non-promoter allottees — Jinesh Navratanmal Ganna and Vikas Navratanmal Ganna — who each received 30,47,537 shares, together valued at about Rs. 225 crore. This is a share-swap transaction, with the shares issued in exchange for the 100% acquisition of Ganna N Gold Private Limited (10,000 equity shares). As a result, the company's paid-up equity capital rises from Rs. 148.77 crore to Rs. 154.86 crore, an increase of about 4.1% in share count. The deal was first approved by the Board on 18 April 2025, cleared by shareholders via postal ballot on 21 May 2025, and received in-principle approval from BSE and NSE on 18 July 2025.
Existing shareholders face a modest ~4% dilution, but since this is a share-swap for acquiring a related gold business (Ganna N Gold) rather than a cash raise, no debt is added and no cash is taken out of the company. The acquisition could strengthen Sky Gold's position in the gold and diamonds space, but investors should watch for synergy benefits and monitor the new non-promoter shareholders' future actions.