We hereby enclose the Postal Ballot Notice ( the Notice ) together with the explanatory statement
SKYGOLD · price
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Sky Gold and Diamonds Limited is seeking shareholder approval via postal ballot for appointing M/s. M S K A & Associates LLP as the new Statutory Auditors. This appointment fills a casual vacancy created by the resignation of M/s. V J Shah & Co., who stepped down effective 8th May 2026. The Board had approved this appointment on 9th May 2026 based on the Audit Committee's recommendation. The proposed audit fee is Rs. 81 lakhs (plus applicable taxes), which is higher than the outgoing auditor due to increased scope and complexity of audit work aligned with the company's growing operations. The appointment will be effective from 9th May 2026 until the conclusion of the ensuing AGM. The e-voting period runs from 28th May 2026 to 26th June 2026.
The mid-term resignation of the statutory auditor and subsequent replacement signals a potential governance transition. The significant increase in audit fees (from outgoing to incoming auditor) reflects expanded audit scope and complexity, which shareholders should evaluate before voting.