SKYGOLDBSESky Gold And Diamonds LtdMediumNeutral
Announced Sat, 9 May · 16:36 IST

We wish to inform you that the Board of Directors of the Company at its meeting held today i.e., 09th May, 2026 has considered and approved the appointment of M/s. M S K A & Associates ....

Auditor Resigned MidtermManagement Changes View source PDF

SKYGOLD · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-11.7%1-day move
₹541.00
prior close
₹501.95
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-4.9-4.1-3.9-3.6-11.7-18.7-19.0-18.3-18.5-13.7+3.7-9.3+15.0
Up moveDown movePending
AI summary

Sky Gold and Diamonds Ltd has appointed M/s. M S K A & Associates LLP as its new Statutory Auditors following the resignation of M/s. V J Shah & Co., which created a casual vacancy. The appointment was made on May 9, 2026, based on the recommendation of the Audit Committee. The new auditors will hold office until the conclusion of the ensuing Annual General Meeting for FY 2025-26, subject to shareholder approval. The same auditor has also been appointed for three wholly-owned subsidiaries: Starmangalsutra Private Limited, Sparkling Chains Private Limited, and Speed Bangle Private Limited. M S K A & Associates is a well-established firm founded in 1978, registered with ICAI and PCAOB, with offices across 12 Indian cities.

Likely market impact

This mid-term auditor change may raise minor concerns among investors about why the previous auditor stepped down, though the appointment of a credible and established firm like M S K A & Associates should provide confidence in continued audit quality. Shareholders will vote on this appointment at the upcoming AGM.