Sky Gold & Diamonds Limited held an in-person investor meeting on Monday, September 28, 2026. The management team interacted directly with a group of investors at the scheduled venue in Navi Mumbai.

The company filed the outcome with stock exchanges on September 28, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The meeting was designated for interactions with investors and analysts.

Meeting details

The event was scheduled as follows:

Disclosure compliance

Sky Gold & Diamonds stated that no Unpublished Price Sensitive Information (UPSI) was proposed to be shared during the meeting. The company noted that the schedule may undergo changes due to exigencies on the part of the investors or the company.

The communication was signed by Mangesh Ramesh Chauhan, Managing Director, from Navi Mumbai.

Sky Gold & Diamonds approved the acquisition of a 100% stake in Purvi Gems & Jewellery (India) Private Limited for a cash consideration of up to ₹9 crore. The board sanctioned the deal on September 18, 2026, aiming to expand its product portfolio in the lightweight uncut and precious jewellery segment.

The transaction is not classified as a related-party transaction, with no promoter or group company interest in the target entity. The acquisition is expected to be completed by November 30, 2026. No governmental or regulatory approvals are required for the deal.

Target Company Financials

Purvi Gems & Jewellery operates in the manufacturing of jewellery and related articles. The company has shown consistent growth in turnover over the past three years.

*FY 2025-26 figures are based on provisional financials.

Strategic Rationale

The acquisition supports Sky Gold & Diamonds' strategy to diversify its product offerings and expand market share. By integrating Purvi Gems, which specialises in lightweight uncut and precious fine jewellery, the listed entity aims to broaden its customer segments and foster strategic partnerships.

What the Numbers Show

The purchase price of up to ₹9 crore represents less than 9% of Purvi Gems' provisional FY26 turnover of ₹103.40 crore. This low multiple suggests the acquisition is primarily volume and portfolio-driven rather than paying a premium for immediate earnings power. The target's turnover grew from ₹67.87 crore in FY24 to ₹103.40 crore in FY26, indicating a strong top-line trajectory that aligns with Sky Gold & Diamonds' goal of driving financial growth through expanded market positioning.