The Board approved the appointment of Mr. Siddharth Sipani as the Chief Financial Officer (CFO) with effect from September 27, 2025.
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Sky Gold and Diamonds has appointed Mr. Siddharth Sipani as its new Chief Financial Officer effective September 27, 2025, replacing Mr. Mangesh Ramesh Chauhan. Mr. Sipani is a Chartered Accountant and Company Secretary with over 20 years of experience, including a stint at a Big 4 firm and his most recent role as Group CFO at Gold Star Jewellery. Mr. Chauhan has stepped down as CFO to focus on his responsibilities as Managing Director, citing the need for dedicated leadership across both functions as the company scales. The appointment was based on recommendations of the Nomination and Remuneration Committee and the Audit Committee.
The change brings in a professionally qualified CFO with strong jewellery industry experience, which could strengthen financial controls and governance. Since the outgoing CFO continues as Managing Director, this is a strategic role reorganisation rather than a leadership exit, so shareholder impact is expected to be neutral to mildly positive.