Sky Gold and Diamonds Limited has initiated a postal ballot process to seek shareholder approval for the appointment of M/s. M S K A & Associates LLP as statutory auditors. This appointment is intended to fill the casual vacancy arising from the resignation of the previous auditor, M/s. V J Shah & Co., Chartered Accountants, effective May 8, 2026. The proposed auditor, M/s. M S K A & Associates LLP (Firm Registration No: 105047W/W101187), was recommended by the Audit Committee and approved by the Board at its meeting on May 9, 2026.

The company has engaged National Securities Depository Limited (NSDL) to facilitate the remote e-voting process. Shareholders registered as of the cut-off date, Friday, May 22, 2026, are eligible to participate. The voting period is scheduled to commence on Thursday, May 28, 2026, at 9:00 AM IST and conclude on Friday, June 26, 2026, at 5:00 PM IST. The results of the postal ballot are expected to be announced on or before June 28, 2026. The company has also published the postal ballot notice in newspapers, including Business Standard and Mumbai Lakshadeep, on May 28, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

The resolution proposes the appointment of M/s. M S K A & Associates LLP to hold office from the date of shareholder approval until the conclusion of the ensuing Annual General Meeting. The firm has confirmed its consent to act as statutory auditors and compliance with relevant provisions of the Companies Act, 2013. The Board has authorized the Executive Directors to take necessary steps to implement the resolution.

Key Voting and Event Dates

Remuneration and Rationale

The proposed remuneration for the statutory auditors is ₹81,00,000 for the audit of the company and its subsidiaries—Starmangalsutra Private Limited, Sparkling Chains Private Limited, and Speed Bangle Private Limited. This amount excludes applicable taxes and reimbursement of out-of-pocket expenses. The company noted that the proposed fee is higher than that paid to the outgoing auditors, attributing the increase to the enhanced scope and complexity of the audit, regulatory requirements, and market benchmarks.

Mr. Shivang Goyal, Proprietor of Shivang G Goyal & Associates, has been appointed as the Scrutiniser to oversee the e-voting process. The postal ballot notice and explanatory statement are available on the company’s website and the websites of BSE and NSE.

Sky Gold and Diamonds Limited has scheduled a board meeting for June 9, 2026, to consider the appointment of Mr. Akash Talesara as the Chief Executive Officer (CEO) of the company. The decision aims to fill the top leadership position as the firm continues its operations in the jewellery sector.

Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company informed the exchanges about the upcoming meeting. The board will discuss the appointment and consider other matters as may be deemed necessary with its approval.

The intimation was submitted to BSE Limited and National Stock Exchange of India Limited on May 28, 2026. Mahendra Chauhan, Whole Time Director, signed the disclosure on behalf of Sky Gold and Diamonds Limited .

Agenda Details

The primary agenda item for the meeting is the appointment of the CEO. The board will also evaluate any other business that requires its approval during the session.