Sky Gold And Diamonds Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 18/04/2025 ,inter alia, to consider and approve In terms of Regulation ....
SKYGOLD · price
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Sky Gold and Diamonds has called a board meeting on 18 April 2025 to consider a proposal for raising funds. The company may issue equity shares, debentures, non-convertible debt instruments, warrants, or convertible debentures in one or more tranches. The fund raise could happen through public offerings, private placements, preferential issues, or a Qualified Institutions Placement (QIP), as decided by the Board. If approved, shareholder approval will also be sought. The trading window for insiders has been closed since 1 April 2025 and will reopen 48 hours after Q4 and FY25 results are declared.
This is a forward-looking intimation — no fund raise has been approved yet. If the board approves an equity-based raise (like a QIP or preferential issue), existing shareholders could face dilution. The stock may see speculative activity ahead of the 18 April board meeting outcome.