Sky Gold confirms no encumbrance on promoter shares as of April 6
Sky Gold and Diamonds Limited disclosed to BSE and NSE that no fresh encumbrance was created on promoter shares as of April 6, 2026, complying with SEBI regulations. The filing, signed by Promoter & Managing Director Mangesh Ramesh Chauhan, confirmed that details regarding the creation of encumbrance are not applicable. The total promoter holding of 8,01,31,294 shares, representing 51.74% of the equity share capital, remains free of new pledges or liens.
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Sky Gold and Diamonds Limited has confirmed that its promoter and promoter group have not created any fresh encumbrance on their shareholdings as of April 6, 2026. The disclosure, submitted to the stock exchanges, was made in compliance with Regulation 31(1) and 31(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company stated that the details of creation of encumbrance are not applicable, indicating no new pledges or liens were established on the reported date.
The filing was signed by Mangesh Ramesh Chauhan, Promoter & Managing Director, on behalf of the promoter and promoter group. The disclosure was addressed to the Assistant General Manager of Corporate Services at BSE Limited and the Manager of the Listing Department at the National Stock Exchange of India Ltd. The company requested the exchanges to place the information on record.
The submission confirms that the promoter holding remains free of new encumbrances. The total promoter holding constitutes 51.74% of the company's equity share capital. The list of promoters and their respective shareholdings was detailed in the annexure to the filing, providing a comprehensive view of the ownership structure.
| Sr. No. | Names of Promoter and Promoter Group and/or person acting in concert | No. of Shares | No. of Shares in % |
|---|---|---|---|
| 1. | Mangesh Ramesh Chauhan | 2,66,77,710 | 17.23 |
| 2. | Darshan Ramesh Chauhan | 2,55,27,710 | 16.48 |
| 3. | Mahendra Champalal Chauhan | 2,34,40,000 | 15.14 |
| 4. | Mangesh R Chauhan HUF | 4,56,982 | 0.30 |
| 5. | Darshan R Chauhan HUF | 4,60,467 | 0.30 |
| 6. | Mahendra C Chauhan HUF | 14,08,425 | 0.91 |
| 7. | Dipika Mangesh Chauhan | 7,20,000 | 0.46 |
| 8. | Heena Darshan Chauhan | 7,20,000 | 0.46 |
| 9. | Mamta Mahendra Chauhan | 7,20,000 | 0.46 |
| Total | 8,01,31,294 | 51.74 |
The disclosure confirms that the post-event holding of encumbered shares remains unchanged, with no creation, release, or invocation of encumbrances reported by the promoters or persons acting in concert.
Historical Stock Returns for Sky Gold And Diamonds
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.88% | -5.02% | +7.12% | +51.06% | +62.41% | +2,138.33% |
How might the absence of fresh encumbrances impact investor confidence in Sky Gold and Diamonds' stock?
What are the potential implications for the company's future capital raising strategies given the unencumbered promoter holding?
Could this disclosure signal a strategic move by the promoters to prepare for a stake sale or merger?
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