We wish to inform you that M/s VJ Shah & Co., Chartered Accountants vide their resignation letter dated 8th May, 2026 have resigned as the Statutory Auditor of the Company and its subsidiaries ....
SKYGOLD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.9 pts less than Nifty Microcap 250 and 2.8 pts less than its Gems Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
VJ Shah & Co., Chartered Accountants has resigned as the Statutory Auditor of Sky Gold and Diamonds Ltd and its three wholly-owned subsidiaries effective May 8, 2026. The auditor cited a material and significant increase in the scope of statutory audit due to the company's acquisition of additional subsidiaries including a foreign subsidiary as the reason for resignation. The firm was appointed in September 2025 for a 5-year term but will only complete the audit for FY 2025-26 before exiting. The company has stated it will appoint a new auditor to fill the vacancy. The auditor confirmed there is no disagreement with management and no concerns regarding the integrity of financial records.
This mid-term resignation creates a temporary gap in audit oversight for the listed entity and its subsidiaries. While the outgoing auditor has clarified no disputes with management, investors should monitor for the appointment of a new statutory auditor and any impact on financial reporting timelines.