Sky Industries Limited has entered into a strategic Memorandum of Understanding with the Government of Gujarat for establishing a new manufacturing facility in the state. The MoU was signed on May 02, 2026, in Surat, Gujarat, as part of the Investment Promotion activity for Vibrant Gujarat Regional Conference.

Project Details and Investment

The agreement focuses on establishing a Technical Textiles & Apparels manufacturing unit in Gujarat with a substantial financial commitment from the company.

MoU Terms and Government Support

The Memorandum of Understanding serves as a facilitation arrangement between Sky Industries Limited and the Government of Gujarat. Importantly, this agreement does not constitute a binding commercial contract but establishes a framework for cooperation.

Under the terms of the MoU, the Government of Gujarat will provide comprehensive support to facilitate the project implementation:

• Assistance in obtaining necessary permissions and registrations
• Support for required approvals and clearances
• Coordination with concerned state government departments
• Facilitation as per applicable state policies, rules, and regulations

Regulatory Compliance and Disclosure

The company has made this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was signed by Maikal Raorani, Whole Time Director & CFO, ensuring proper corporate governance protocols are followed.

Strategic Significance

This MoU represents Sky Industries Limited's expansion strategy into the technical textiles and apparels manufacturing sector. The choice of Gujarat as the location aligns with the state's industrial infrastructure and supportive business environment. The project is expected to contribute to the company's manufacturing capabilities and market presence in the technical textiles segment.

The signing of this MoU during the Vibrant Gujarat Regional Conference demonstrates the company's commitment to participating in the state's industrial development initiatives and leveraging the investment promotion opportunities provided by the Gujarat government.

Sky industries Limited has fulfilled its regulatory obligations by submitting the mandatory compliance certificate under SEBI regulations for the quarter ended March 31, 2026. The company filed this certificate with BSE Limited on April 04, 2026, as required under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations 2018.

Regulatory Compliance Details

The compliance certificate was issued by MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited), which serves as the registrar and share transfer agent for SKY Industries Limited. The certificate covers the company's dematerialisation activities for the quarter ended March 31, 2026.

Certificate Confirmation

MUFG Intime India Private Limited confirmed that all securities received from depository participants for dematerialisation during the quarter were properly processed. The registrar verified that:

• Securities received for dematerialisation were confirmed or rejected to depositories within prescribed timelines
• All security certificates comprised in the dematerialisation process have been listed on stock exchanges where the company's securities are already listed
• Security certificates received for dematerialisation were mutilated and cancelled after due verification by depository participants
• Names of depositories were substituted in the register of members as registered owners within required timeframes

Corporate Information

SKY Industries Limited operates with its corporate office located at 1101, Universal Majestic, Behind RBK International School, Ghatkopar Mankhurd Link Road, Chembur (West), Mumbai. The company's registered office is situated at Plot No. C-58, T.T.C. Industrial Area, Thane Belapur Road, Pawane, Navi Mumbai. The compliance certificate was signed by Priyal Ruparelia, Company Secretary and Compliance Officer, and countersigned by Ashok Shetty, Sr. Vice President-Corporate Registry at MUFG Intime India Private Limited.