The Board took note of the resignation of Mr. Mangesh Ramesh Chauhan from his role as Chief Financial Officer (CFO) with effect from September 27, 2025.
SKYGOLD · price
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Sky Gold and Diamonds Limited announced on September 27, 2025 that Mr. Mangesh Ramesh Chauhan has stepped down as Chief Financial Officer to focus on his role as Managing Director, citing the growing scale of operations and the need for dedicated leadership in both functions. In the same board meeting, the company appointed Mr. Siddharth Sipani as the new CFO with immediate effect. Mr. Sipani is a Chartered Accountant and Company Secretary with over 20 years of finance experience, previously an ex-Big 4 professional and Group CFO at Gold Star Jewellery. The transition is effective from the same date, and the outgoing CFO continues to serve on the board as Managing Director, providing continuity in leadership.
For shareholders, this is a planned internal restructuring rather than a sudden exit — the outgoing CFO retains his Managing Director seat, suggesting no governance instability. The new CFO brings strong credentials (CA, CS, ex-Big 4, jewellery industry experience), which could be viewed positively by the market.