We hereby enclose the Notice of Postal Ballot together with the explanatory statement.
SKYGOLD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sky Gold And Diamonds Ltd is seeking shareholder approval via postal ballot to appoint M/s. M S K A & Associates LLP as its new Statutory Auditors. This appointment fills a casual vacancy caused by the resignation of M/s. V J Shah & Co., who stepped down effective 8th May 2026. The new auditor appointment is effective from 9th May 2026 until the conclusion of the ensuing Annual General Meeting. The proposed audit fee is Rs. 81 lakhs, which is higher than the outgoing auditor due to increased scope from business growth and the audit of three subsidiaries (Starmangalsutra Private Limited, Sparkling Chains Private Limited and Speed Bangle Private Limited). The e-voting period runs from 28th May 2026 to 26th June 2026.
The mid-term resignation of V J Shah & Co. and appointment of a larger audit firm indicates potential changes in audit quality or scope. The significantly higher audit fees may marginally impact operating costs. Shareholders should note this governance change when evaluating the company's financial reporting framework.