SKYGOLDNSESKY GOLD AND DIAMONDS LIMITEDMediumNeutral
Announced Wed, 27 May · 13:00 IST

We wish to inform you that the Board of Directors of the Company at their held today i.e., on 27th May 2026 has considered and appointted Ms. Aasna Shah as the Internal Auditor for the FY 2026-27, as recommended by Audit Committee.

Auditor Resigned MidtermManagement Changes View source PDF

SKYGOLD · price

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Price reaction · full curve 14 horizons · vs prior close
+7.5%1-day move
₹483.00
prior close
₹472.75
base price
In-mkt
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AI summary

Sky Gold and Diamonds Limited reported strong FY2026 results with standalone revenue of Rs 4,70,838 lakhs (up 61% YoY) and consolidated revenue of Rs 6,29,489 lakhs (up 77% YoY). Net profit grew to Rs 21,279 lakhs standalone and Rs 28,183 lakhs consolidated. The Board approved reappointment of Ms. Aasna Shah as Internal Auditor for FY 2026-27. Due to the resignation of the previous statutory auditor, a postal ballot is being conducted to appoint M/S K A & Associates LLP in their place. The company also changed its depreciation method from WDV to Straight Line Method effective April 1, 2025, which boosted reported profit by Rs 386 lakhs (standalone).

Likely market impact

Positive financial performance with strong revenue and profit growth. The statutory auditor change (due to resignation) is a routine governance matter requiring shareholder approval. The depreciation method change is a one-time accounting benefit.