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 LLP (Formerly known as M S K A & Associates), Chartered Accountants as the Statutory Auditors of the Company to hold office from the date of appointment until the conclusion of the ensuing Annual General Meeting of the Company; subject to approval of the members in the ensuing General Meeting of the Company, to fill the casual vacancy arising as a result of the stepping down of M/s. V J Shah & Co., the erstwhile / outgoing statutory auditors of the Company.
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Sky Gold and Diamonds Limited's Board of Directors has appointed M/s. M S K A & Associates LLP as the new Statutory Auditors, effective May 9, 2026. This appointment fills a casual vacancy created by the resignation of the previous auditors, M/s. V J Shah & Co. The new auditors will hold office until the conclusion of the ensuing Annual General Meeting for FY 2025-26, subject to shareholder approval. The appointment was made on the recommendation of the Audit Committee. Additionally, the same auditing firm has been appointed for the company's three wholly-owned subsidiaries: Speed Bangle Private Limited, Starmangalsutra Private Limited, and Sparkling Chains Private Limited.
The mid-term resignation of auditors may raise minor concerns about governance, though the appointment of a well-established firm (established 1978, with valid peer review) provides continuity. Shareholders will vote on this appointment at the AGM.