SKY GOLD AND DIAMONDS LIMITED has informed the Exchange regarding Change in Auditors of the company.
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M/s V J Shah & Co., Chartered Accountants, has resigned as the Statutory Auditor of Sky Gold and Diamonds Limited and its three subsidiaries (Speed Bangle Private Limited, Starmangalsutra Private Limited, and Sparkling Chains Private Limited) effective 8th May 2026. The auditor cited a material and significant increase in the scope of statutory audit due to the company's further acquisition of two additional subsidiaries, including a foreign subsidiary, which substantially enlarged the consolidated group structure after their reappointment at the September 2025 AGM. The auditor will still complete and issue the audit reports for the quarter and year ended March 31, 2026. The company will appoint a new auditor to fill the casual vacancy. Importantly, the auditor explicitly stated there is no disagreement with management, no concern regarding financial record integrity, and no denial of access to information.
The mid-term auditor resignation, while attributed to expanded audit scope from new acquisitions rather than disputes, may signal heightened governance attention during a period of rapid expansion. Shareholders should monitor for the new auditor appointment and any impact on pending FY2026 financial reporting.