Pursuant to regulation 44(3) of SEBI (LODR) Regulations 2015, please find enclosed herewith the Voting results and Scrutinizers Report of the Postal Ballot Notice dated 21st April 2025.
SKYGOLD · price
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Awaiting price reaction for this filing.
Sky Gold and Diamonds Limited announced the results of a postal ballot on a special resolution to issue and allot equity shares on a preferential basis (other than cash). The e-voting ran from April 22 to May 21, 2025, with a total of 83,719 shareholders on record. Of the 14.67 crore total shares, 8.90 crore shares (60.69%) were polled, with 98.39% voting in favour (8.76 crore shares) and only 1.61% against. Promoter group voted 100% in favour with 95.11% participation, public institutions voted 81.10% in favour (18.90% dissent), and retail shareholders voted 98.78% in favour. The resolution was declared passed with the requisite majority.
The preferential allotment will dilute existing shareholders' holdings but allows the company to raise capital or acquire assets without cash outflow. Promoters' unanimous support signals alignment with management's capital strategy. Shareholders should watch for the next filing with the issue price, number of shares, and identity of allottees to gauge the dilution impact.